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

FreightCar America, Inc. (NASDAQ:RAIL) Director William D. Gehl sold 10,000 shares of the business’s 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 $1,598,594.64. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

FreightCar America Trading Down 10.0 %

Shares of NASDAQ RAIL opened at $9.85 on Thursday. The business’s 50 day moving average is $5.50 and its 200-day moving average is $4.26. The firm has a market cap of $184.30 million, a P/E ratio of -6.40 and a beta of 2.00. FreightCar America, Inc. has a 1-year low of $2.25 and a 1-year high of $11.06.

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

Analyst Upgrades and Downgrades

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

Institutional Trading of FreightCar America

Institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC raised its position 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. Vanguard Group Inc. increased its stake in FreightCar America by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 584,292 shares of the transportation company’s stock worth $2,250,000 after acquiring an additional 26,412 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake 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 worth $104,000 after acquiring an additional 5,880 shares during the period. Institutional investors own 31.96% of the company’s 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.