2 weeks Ago By Defense World Staff
FreightCar America ( NASDAQ:RAIL – Get Free Report ) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Friday. Separately, Noble Financial raised shares of FreightCar America to a “strong-buy” rating in a report on Friday, June 28th.
View Our Latest Report on FreightCar America FreightCar America Trading Down 1.5 % FreightCar America ( NASDAQ:RAIL – Get Free Report ) last released its earnings results on Monday, August 12th. The transportation company reported $0.
05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05. The company had revenue of $147.
42 million for the quarter, compared to the consensus estimate 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 last year, the business posted $0.
02 EPS. On average, equities research analysts anticipate that FreightCar America will post 0.2 earnings per share for the current year.
Insiders Place Their Bets In related news, Director Nigris Felan Jose De bought 4,000 shares of the stock in a transaction dated Friday, September 27th. The stock was bought at an average cost of $10.19 per share, with a total value of $40,760.
00. Following the completion of the acquisition, the director now owns 73,147 shares of the company’s stock, valued at $745,367.93.
The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website . In other news, Director Nigris Felan Jose De purchased 4,000 shares of FreightCar America stock in a transaction dated Friday, September 27th. The stock was bought at an average price of $10.
19 per share, with a total value of $40,760.00. Following the completion of the acquisition, the director now owns 73,147 shares in the company, valued at approximately $745,367.
93. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink . Also, Director William D.
Gehl sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $10.83, for a total transaction of $108,300.
00. Following the transaction, the director now owns 147,608 shares of the company’s stock, valued at approximately $1,598,594.64.
The disclosure for this sale can be found here . 28.00% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On FreightCar America A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in FreightCar America by 4.
7% in the 1st quarter. Vanguard Group Inc. now owns 584,292 shares of the transportation company’s stock valued at $2,250,000 after acquiring an additional 26,412 shares during the period.
Renaissance Technologies LLC increased its holdings in shares of FreightCar America by 43.4% during the second quarter. Renaissance Technologies LLC now owns 116,887 shares of the transportation company’s stock valued at $408,000 after purchasing an additional 35,387 shares during the period.
Finally, Dimensional Fund Advisors LP increased its holdings in shares of FreightCar America by 24.4% during the second quarter. Dimensional Fund Advisors LP now owns 29,932 shares of the transportation company’s stock valued at $104,000 after purchasing an additional 5,880 shares during the period.
Institutional investors own 31.96% of the company’s stock. 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. See Also Five stocks we like better than FreightCar America The How And Why of Investing in Oil Stocks Can Costco Stock Hit New Highs as Interest Rates Drop? P/E Ratio Calculation: How to Assess Stocks These 3 Stocks Show How to Navigate Declining Consumer Confidence How to Calculate Return on Investment (ROI) MicroStrategy’s Returns Are 3X Higher Than Bitcoin: Time to Buy? Receive News & Ratings for FreightCar America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FreightCar America and related companies with MarketBeat.
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