Shufro Rose & Co. LLC Has $6.59 Million Position in Freightcar America, Inc. (NASDAQ:RAIL)
Shufro Rose & Co. LLC lowered its position in shares of Freightcar America, Inc. (NASDAQ:RAIL) by 4.1% during the second quarter, Holdings Channel reports. The firm owned 378,713 shares of the transportation company’s stock after selling 16,000 shares during the period. Shufro Rose & Co. LLC’s holdings in Freightcar America were worth $6,586,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. Ironwood Investment Management LLC boosted its stake in shares of Freightcar America by 3.8% in the first quarter. Ironwood Investment Management LLC now owns 11,730 shares of the transportation company’s stock worth $147,000 after buying an additional 433 shares during the period. Ameriprise Financial Inc. bought a new stake in shares of Freightcar America during the first quarter worth approximately $155,000. Eqis Capital Management Inc. boosted its stake in shares of Freightcar America by 0.8% in the first quarter. Eqis Capital Management Inc. now owns 13,444 shares of the transportation company’s stock worth $168,000 after buying an additional 104 shares during the period. Eagle Global Advisors LLC bought a new stake in shares of Freightcar America during the second quarter worth approximately $201,000. Finally, Rhumbline Advisers boosted its stake in shares of Freightcar America by 2.5% in the second quarter. Rhumbline Advisers now owns 15,664 shares of the transportation company’s stock worth $272,000 after buying an additional 387 shares during the period. Hedge funds and other institutional investors own 74.79% of the company’s stock.
Freightcar America, Inc. (RAIL) opened at 18.15 on Monday. The stock has a market cap of $225.57 million, a price-to-earnings ratio of 698.08 and a beta of 1.60. The firm’s 50 day moving average price is $17.26 and its 200-day moving average price is $15.28. Freightcar America, Inc. has a 52 week low of $10.87 and a 52 week high of $19.66.
Freightcar America (NASDAQ:RAIL) last posted its quarterly earnings results on Wednesday, August 2nd. The transportation company reported ($0.04) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.04). The firm had revenue of $118.67 million for the quarter, compared to analyst estimates of $108.43 million. Freightcar America had a net margin of 0.06% and a return on equity of 1.61%. The firm’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.04) earnings per share. Analysts expect that Freightcar America, Inc. will post ($0.21) EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Thursday, August 17th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.98%. The ex-dividend date is Tuesday, August 15th. Freightcar America’s payout ratio is 1,800.00%.
A number of brokerages have commented on RAIL. ValuEngine upgraded Freightcar America from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded Freightcar America from a “hold” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a report on Wednesday, May 10th. Cowen and Company reissued a “hold” rating and set a $15.00 price target on shares of Freightcar America in a research note on Tuesday, July 11th. Finally, Buckingham Research assumed coverage on Freightcar America in a research note on Wednesday, June 21st. They set a “neutral” rating and a $17.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $16.00.
In other Freightcar America news, insider Theodore W. Baun sold 4,481 shares of Freightcar America stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $17.25, for a total transaction of $77,297.25. Following the transaction, the insider now directly owns 14,502 shares in the company, valued at approximately $250,159.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 4.13% of the company’s stock.
About Freightcar America
FreightCar America, Inc is a manufacturer of railcars and railcar components. The Company operates in the Manufacturing segment. The Company designs and manufactures a range of railcar types for transportation of bulk commodities and containerized freight products primarily in North America, including open top hoppers, covered hoppers, and gondolas along with intermodal and non-intermodal flat cars.
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