Freightcar America, Inc. (RAIL) Shares Sold by US Bancorp DE
US Bancorp DE cut its position in shares of Freightcar America, Inc. (NASDAQ:RAIL) by 0.1% during the second quarter, according to its most recent filing with the SEC. The fund owned 14,965 shares of the transportation company’s stock after selling 12 shares during the period. US Bancorp DE owned approximately 0.12% of Freightcar America worth $261,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Ironwood Investment Management LLC boosted its stake in 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. acquired a new stake in Freightcar America during the first quarter worth $155,000. Eqis Capital Management Inc. boosted its stake in 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. Malaga Cove Capital LLC acquired a new stake in Freightcar America during the first quarter worth $283,000. Finally, Teachers Advisors LLC boosted its stake in Freightcar America by 27.6% in the fourth quarter. Teachers Advisors LLC now owns 26,059 shares of the transportation company’s stock worth $389,000 after buying an additional 5,642 shares during the period. Institutional investors and hedge funds own 74.79% of the company’s stock.
Shares of Freightcar America, Inc. (NASDAQ RAIL) traded down 0.76% on Wednesday, reaching $16.96. The company’s stock had a trading volume of 8,512 shares. The firm’s 50 day moving average is $17.28 and its 200-day moving average is $15.41. The stock has a market cap of $210.78 million, a P/E ratio of 652.31 and a beta of 1.60. Freightcar America, Inc. has a 52-week low of $10.87 and a 52-week high of $19.66.
Freightcar America (NASDAQ:RAIL) last announced its earnings results on Wednesday, August 2nd. The transportation company reported ($0.04) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.04). Freightcar America had a return on equity of 1.61% and a net margin of 0.06%. The company had revenue of $118.67 million for the quarter, compared to analysts’ expectations of $108.43 million. During the same period last year, the firm earned ($0.04) EPS. Freightcar America’s revenue for the quarter was down 5.9% compared to the same quarter last year. On average, equities research analysts forecast that Freightcar America, Inc. will post ($0.21) EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Thursday, August 17th will be issued a dividend of $0.09 per share. The ex-dividend date is Tuesday, August 15th. This represents a $0.36 dividend on an annualized basis and a yield of 2.11%. Freightcar America’s dividend payout ratio is presently 1,800.00%.
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A number of research firms recently weighed in on RAIL. Zacks Investment Research cut Freightcar America from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. ValuEngine raised Freightcar America from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Buckingham Research started coverage on Freightcar America in a report on Wednesday, June 21st. They issued a “neutral” rating and a $17.00 price objective on the stock. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Freightcar America in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Freightcar America has an average rating of “Hold” and a consensus target price of $16.00.
In other Freightcar America news, insider Theodore W. Baun sold 4,481 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $17.25, for a total transaction of $77,297.25. Following the sale, the insider now directly owns 14,502 shares of the company’s stock, valued at $250,159.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.13% of the stock is owned by company insiders.
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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