Janney Montgomery Scott LLC Invests $180,000 in FreightCar America, Inc. (NASDAQ:RAIL)

Janney Montgomery Scott LLC acquired a new position in shares of FreightCar America, Inc. (NASDAQ:RAIL) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 20,095 shares of the transportation company’s stock, valued at approximately $180,000. Janney Montgomery Scott LLC owned approximately 0.11% of FreightCar America as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Ritholtz Wealth Management acquired a new position in shares of FreightCar America during the 4th quarter worth about $104,000. JPMorgan Chase & Co. boosted its position in shares of FreightCar America by 98.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,599 shares of the transportation company’s stock worth $50,000 after acquiring an additional 2,281 shares in the last quarter. Barclays PLC acquired a new position in shares of FreightCar America during the 3rd quarter worth about $73,000. Geode Capital Management LLC boosted its position in shares of FreightCar America by 12.4% during the 3rd quarter. Geode Capital Management LLC now owns 180,618 shares of the transportation company’s stock worth $1,950,000 after acquiring an additional 19,890 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of FreightCar America during the 3rd quarter worth about $247,000. 31.96% of the stock is owned by institutional investors and hedge funds.

FreightCar America Stock Performance

FreightCar America stock opened at $11.92 on Friday. FreightCar America, Inc. has a fifty-two week low of $2.86 and a fifty-two week high of $16.10. The company has a market capitalization of $225.17 million, a P/E ratio of -2.81 and a beta of 1.96. The stock has a 50-day simple moving average of $10.79 and a 200-day simple moving average of $9.92.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised FreightCar America from a “hold” rating to a “buy” rating in a report on Wednesday.

FreightCar America 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.