FreightCar America, Inc. (NASDAQ:RAIL) Major Shareholder Purchases $17,550.00 in Stock

FreightCar America, Inc. (NASDAQ:RAIL) major shareholder Benavides Alejandro Gil bought 2,500 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The shares were acquired at an average price of $7.02 per share, for a total transaction of $17,550.00. Following the acquisition, the insider now directly owns 182,500 shares of the company’s stock, valued at approximately $1,281,150. The trade was a 1.39% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Benavides Alejandro Gil also recently made the following trade(s):

• On Wednesday, May 14th, Benavides Alejandro Gil bought 500 shares of FreightCar America stock. The shares were acquired at an average price of $7.26 per share, for a total transaction of $3,630.00.

FreightCar America Price Performance

NASDAQ RAIL opened at $7.73 on Friday. The firm has a market cap of $147.18 million, a P/E ratio of -1.82 and a beta of 1.73. The stock’s 50-day moving average is $5.98 and its 200-day moving average is $8.95. FreightCar America, Inc. has a one year low of $3.02 and a one year high of $16.10.

FreightCar America (NASDAQ:RAIL) last released its quarterly earnings results on Wednesday, March 12th. The transportation company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.16. FreightCar America had a negative return on equity of 27.10% and a negative net margin of 20.66%. The company had revenue of $137.70 million for the quarter, compared to analyst estimates of $152.02 million. Equities analysts anticipate that FreightCar America, Inc. will post 0.09 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on RAIL shares. Northcoast Research started coverage on FreightCar America in a report on Thursday, May 1st. They issued a “buy” rating and a $9.00 price target on the stock. StockNews.com cut FreightCar America from a “buy” rating to a “hold” rating in a report on Wednesday, May 7th.

Institutional Investors Weigh In On FreightCar America

A number of hedge funds and other institutional investors have recently bought and sold shares of RAIL. Barclays PLC acquired a new stake in FreightCar America in the 3rd quarter valued at approximately $73,000. JPMorgan Chase & Co. boosted its stake 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 during the period. Ritholtz Wealth Management bought a new stake in FreightCar America in the 4th quarter valued at $104,000. Janney Montgomery Scott LLC bought a new stake in FreightCar America in the 4th quarter valued at $180,000. Finally, Consolidated Portfolio Review Corp bought a new stake in FreightCar America in the 4th quarter valued at $743,000. Institutional investors and hedge funds 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.