FreightCar America, Inc. (NASDAQ:RAIL) Director William D. Gehl Sells 10,000 Shares

FreightCar America, Inc. (NASDAQ:RAIL) Director William D. Gehl sold 10,000 shares of FreightCar America stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $10.83, for a total value of $108,300.00. Following the transaction, the director now directly owns 147,608 shares in the company, valued at approximately $1,598,594.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

FreightCar America Trading Up 6.5 %

NASDAQ:RAIL opened at $10.95 on Wednesday. The firm has a market cap of $204.89 million, a P/E ratio of -7.11 and a beta of 2.00. The stock’s 50 day simple moving average is $5.21 and its 200-day simple moving average is $4.16. FreightCar America, Inc. has a 12-month low of $2.25 and a 12-month high of $11.06.

FreightCar America (NASDAQ:RAIL) last released its earnings results on Monday, August 12th. The transportation company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. The business had revenue of $147.42 million for the quarter, compared to analyst estimates of $127.09 million. FreightCar America had a negative return on equity of 28.11% and a negative net margin of 0.62%. During the same quarter in the previous year, the company posted $0.02 earnings per share. Research analysts forecast that FreightCar America, Inc. will post 0.2 EPS for the current fiscal year.

Institutional Trading of FreightCar America

A number of institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in shares of FreightCar America by 24.4% in the second quarter. Dimensional Fund Advisors LP now owns 29,932 shares of the transportation company’s stock valued at $104,000 after buying an additional 5,880 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of FreightCar America by 4.7% in the first quarter. Vanguard Group Inc. now owns 584,292 shares of the transportation company’s stock valued at $2,250,000 after buying an additional 26,412 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of FreightCar America by 43.4% in the second quarter. Renaissance Technologies LLC now owns 116,887 shares of the transportation company’s stock valued at $408,000 after buying an additional 35,387 shares in the last quarter. 31.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on RAIL shares. Noble Financial raised FreightCar America to a “strong-buy” rating in a research report on Friday, June 28th. StockNews.com initiated coverage on FreightCar America in a report on Tuesday, August 27th. They issued a “hold” rating on the stock.

FreightCar America Company Profile

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.