Dimensional Fund Advisors LP Has $104,000 Stake in FreightCar America, Inc. (NASDAQ:RAIL)

Dimensional Fund Advisors LP boosted its stake in FreightCar America, Inc. (NASDAQ:RAIL) by 24.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,932 shares of the transportation company’s stock after acquiring an additional 5,880 shares during the quarter. Dimensional Fund Advisors LP owned 0.16% of FreightCar America worth $104,000 as of its most recent SEC filing.

Separately, Vanguard Group Inc. raised its stake in shares of FreightCar America by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 584,292 shares of the transportation company’s stock valued at $2,250,000 after purchasing an additional 26,412 shares during the period. 31.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Noble Financial raised FreightCar America to a “strong-buy” rating in a research report on Friday, June 28th. StockNews.com downgraded FreightCar America from a “buy” rating to a “hold” rating in a research report on Friday, September 27th.

FreightCar America Trading Down 1.8 %

FreightCar America stock opened at $11.79 on Wednesday. FreightCar America, Inc. has a 1-year low of $2.25 and a 1-year high of $13.17. The company has a fifty day simple moving average of $8.38 and a 200 day simple moving average of $5.26. The company has a market cap of $220.60 million, a P/E ratio of -7.66 and a beta of 2.02.

FreightCar America (NASDAQ:RAIL) last announced its quarterly earnings data on Monday, August 12th. The transportation company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. FreightCar America had a negative return on equity of 28.11% and a negative net margin of 0.62%. The company had revenue of $147.42 million during the quarter, compared to analysts’ expectations of $127.09 million. During the same quarter last year, the company earned $0.02 EPS. On average, equities research analysts forecast that FreightCar America, Inc. will post 0.2 EPS for the current year.

Insiders Place Their Bets

In related news, Director Nigris Felan Jose De acquired 4,000 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was bought at an average price of $10.19 per share, with a total value of $40,760.00. Following the acquisition, the director now owns 73,147 shares in the company, valued at $745,367.93. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Nigris Felan Jose De bought 4,000 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were bought at an average cost of $10.19 per share, with a total value of $40,760.00. Following the acquisition, the director now owns 73,147 shares in the company, valued at $745,367.93. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William D. Gehl sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $10.83, for a total transaction of $108,300.00. Following the completion of the sale, the director now owns 147,608 shares of the company’s stock, valued at $1,598,594.64. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 28.00% of the company’s stock.

FreightCar America 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.