Geode Capital Management LLC increased its holdings in shares of FreightCar America, Inc. (NASDAQ:RAIL) by 5.5% in the fourth quarter, Holdings Channel reports. The firm owned 123,639 shares of the transportation company’s stock after buying an additional 6,404 shares during the period. Geode Capital Management LLC’s holdings in FreightCar America were worth $827,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of RAIL. Royce & Associates LP increased its holdings in shares of FreightCar America by 13.7% in the 4th quarter. Royce & Associates LP now owns 1,554,096 shares of the transportation company’s stock worth $10,397,000 after buying an additional 187,186 shares during the last quarter. BlackRock Inc. grew its holdings in shares of FreightCar America by 14.1% during the 4th quarter. BlackRock Inc. now owns 969,830 shares of the transportation company’s stock valued at $6,489,000 after purchasing an additional 119,694 shares during the last quarter. Boston Partners grew its holdings in shares of FreightCar America by 13.3% during the 4th quarter. Boston Partners now owns 1,152,750 shares of the transportation company’s stock valued at $7,712,000 after purchasing an additional 135,652 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of FreightCar America by 39.8% during the 4th quarter. Rhumbline Advisers now owns 18,050 shares of the transportation company’s stock valued at $121,000 after purchasing an additional 5,141 shares during the last quarter. Finally, Marquette Asset Management LLC bought a new position in shares of FreightCar America during the 4th quarter valued at $260,000. 87.08% of the stock is owned by hedge funds and other institutional investors.
RAIL has been the topic of several recent research reports. Zacks Investment Research raised shares of FreightCar America from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 1st. Stifel Nicolaus set a $8.00 target price on shares of FreightCar America and gave the company a “hold” rating in a report on Tuesday, April 2nd. ValuEngine raised shares of FreightCar America from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Finally, Buckingham Research set a $7.00 target price on shares of FreightCar America and gave the company a “hold” rating in a report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $13.25.
RAIL stock opened at $6.37 on Friday. FreightCar America, Inc. has a 52 week low of $6.05 and a 52 week high of $20.14. The firm has a market cap of $77.12 million, a P/E ratio of -3.58 and a beta of 1.54.
FreightCar America (NASDAQ:RAIL) last announced its quarterly earnings results on Wednesday, May 1st. The transportation company reported ($1.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.64). The firm had revenue of $70.71 million during the quarter, compared to the consensus estimate of $65.40 million. FreightCar America had a negative return on equity of 14.12% and a negative net margin of 15.85%. On average, research analysts forecast that FreightCar America, Inc. will post -0.88 earnings per share for the current year.
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FreightCar America Company Profile
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. It operates through two segments, Manufacturing and Parts. 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.
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