FreightCar America, Inc. (NASDAQ:RAIL - Get Free Report) Director Nigris Felan Jose De purchased 4,000 shares of the business's stock in a transaction on Friday, September 27th. The stock was purchased at an average cost of $10.19 per share, for a total transaction of $40,760.00. Following the acquisition, the director now owns 73,147 shares in the company, valued at $745,367.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
FreightCar America Price Performance
Shares of FreightCar America stock opened at $9.75 on Friday. The company's fifty day simple moving average is $6.50 and its two-hundred day simple moving average is $4.60. FreightCar America, Inc. has a 12-month low of $2.25 and a 12-month high of $11.55.
FreightCar America (NASDAQ:RAIL - Get Free Report) last announced its earnings results on Monday, August 12th. The transportation company reported $0.05 earnings per share for the quarter, meeting analysts' consensus estimates of $0.05. The firm had revenue of $147.42 million for the quarter, compared to analyst estimates of $127.09 million. FreightCar America had a negative net margin of 0.62% and a negative return on equity of 28.11%. During the same quarter in the previous year, the firm posted $0.02 EPS. As a group, equities analysts forecast that FreightCar America, Inc. will post 0.2 EPS for the current fiscal year.
Institutional Investors Weigh In On FreightCar America
Tim Sykes’ Urgent Trade Alert: “Make this move now”
From Timothy Sykes | Ad
WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock
This $2 trillion D.C. shock is NOT about Trump or Biden dropping out of the race…
Click here to see a unique election-year trade
Large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of FreightCar America by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 584,292 shares of the transportation company's stock valued at $2,250,000 after purchasing an additional 26,412 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in FreightCar America by 24.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 29,932 shares of the transportation company's stock valued at $104,000 after acquiring an additional 5,880 shares during the period. Finally, Renaissance Technologies LLC lifted its position in FreightCar America by 43.4% during the 2nd quarter. Renaissance Technologies LLC now owns 116,887 shares of the transportation company's stock valued at $408,000 after acquiring an additional 35,387 shares during the period. Institutional investors own 31.96% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have issued reports on RAIL shares. Noble Financial raised shares of FreightCar America to a "strong-buy" rating in a report on Friday, June 28th. StockNews.com lowered shares of FreightCar America from a "buy" rating to a "hold" rating in a report on Friday.
View Our Latest Analysis on FreightCar America
FreightCar America Company Profile
(
Get Free Report)
FreightCar America, Inc, through its subsidiaries, engages in design, manufacture, and sale of railcars and railcar components for the transportation of bulk commodities and containerized freight products in the United States and Mexico. It operates in two segments, Manufacturing and Parts. The company offers a range of railcars, including open top hoppers, mill gondola cars, intermodal and non-intermodal flat cars, coal cars; bulk commodity cars covered hopper cars, coil steel cars, boxcars, woodchip hoppers, aluminum vehicle carriers, and articulated bulk container railcars.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
