Thomas A. Madden Sells 7,506 Shares of FreightCar America (RAIL) Stock


FreightCar America (NASDAQ:RAIL) Director Thomas A. Madden sold 7,506 shares of the firm’s stock in a transaction that occurred on Friday, May 18th. The stock was sold at an average price of $15.69, for a total value of $117,769.14. Following the completion of the sale, the director now owns 20,224 shares of the company’s stock, valued at approximately $317,314.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.


FreightCar America stock opened at $16.82 on Thursday. The company has a market cap of $207.82 million, a P/E ratio of -14.50 and a beta of 1.48. FreightCar America has a one year low of $12.53 and a one year high of $20.46.

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FreightCar America (NASDAQ:RAIL) last posted its earnings results on Monday, February 26th. The transportation company reported ($0.58) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by ($0.23). The company had revenue of $79.24 million for the quarter, compared to the consensus estimate of $105.65 million. FreightCar America had a negative return on equity of 9.65% and a negative net margin of 8.39%. analysts forecast that FreightCar America will post -1.67 earnings per share for the current fiscal year.


RAIL has been the subject of a number of research reports. Zacks Investment Research downgraded FreightCar America from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. ValuEngine downgraded FreightCar America from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Buckingham Research reduced their price objective on FreightCar America from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, February 28th. TheStreet downgraded FreightCar America from a “c-” rating to a “d+” rating in a research report on Monday, March 19th. Finally, Cowen reiterated a “hold” rating and issued a $14.00 price objective on shares of FreightCar America in a research report on Thursday, March 1st. Six research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus price target of $16.00.


Several institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. lifted its position in shares of FreightCar America by 54.0% during the 1st quarter. Russell Investments Group Ltd. now owns 1,419,811 shares of the transportation company’s stock worth $19,025,000 after buying an additional 497,688 shares during the period. Wells Fargo & Company MN lifted its position in shares of FreightCar America by 95.9% during the 1st quarter. Wells Fargo & Company MN now owns 730,734 shares of the transportation company’s stock worth $9,790,000 after buying an additional 357,670 shares during the period. Uniplan Investment Counsel Inc. lifted its position in shares of FreightCar America by 1.7% during the 1st quarter. Uniplan Investment Counsel Inc. now owns 239,284 shares of the transportation company’s stock worth $3,206,000 after buying an additional 4,097 shares during the period. Fairfax Financial Holdings Ltd Can lifted its position in shares of FreightCar America by 20.0% during the 1st quarter. Fairfax Financial Holdings Ltd Can now owns 180,000 shares of the transportation company’s stock worth $2,410,000 after buying an additional 30,000 shares during the period. Finally, Pacific Ridge Capital Partners LLC bought a new position in shares of FreightCar America during the 4th quarter worth approximately $2,344,000. Institutional investors and hedge funds own 89.95% of the company’s stock.


About FreightCar America

FreightCar America, Inc, through its subsidiaries, designs, manufactures, and sells railcars for the transportation of bulk commodities and containerized freight products primarily in North America. The company offers a range of freight cars, including open top hoppers, covered hoppers, and gondolas; intermodal flats, such as well cars; and non-intermodal flat cars comprising slab, hot slab, ribbon rail, and bulkhead flats.

Insider Buying and Selling by Quarter for FreightCar America (NASDAQ:RAIL)

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