FreightCar America, Inc. (NASDAQ:RAIL) Director James R. Meyer Buys 23,400 Shares

FreightCar America, Inc. (NASDAQ:RAIL) Director James R. Meyer acquired 23,400 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was acquired at an average price of $10.74 per share, with a total value of $251,316.00. Following the acquisition, the director now owns 838,278 shares in the company, valued at approximately $9,003,105.72. This trade represents a 2.87 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

FreightCar America Stock Performance

Shares of NASDAQ RAIL traded down $0.47 during trading on Monday, hitting $9.43. The company had a trading volume of 583,719 shares, compared to its average volume of 179,617. The stock has a 50 day simple moving average of $11.83 and a 200 day simple moving average of $6.86. The firm has a market capitalization of $178.17 million, a P/E ratio of -2.22 and a beta of 2.00. FreightCar America, Inc. has a 12 month low of $2.25 and a 12 month high of $16.10.

Analysts Set New Price Targets

Separately, StockNews.com upgraded FreightCar America from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in FreightCar America by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 584,292 shares of the transportation company’s stock worth $2,250,000 after acquiring an additional 26,412 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of FreightCar America by 24.4% in the second quarter. Dimensional Fund Advisors LP now owns 29,932 shares of the transportation company’s stock worth $104,000 after buying an additional 5,880 shares during the last quarter. Renaissance Technologies LLC grew its stake in FreightCar America by 43.4% during the 2nd quarter. Renaissance Technologies LLC now owns 116,887 shares of the transportation company’s stock valued at $408,000 after purchasing an additional 35,387 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of FreightCar America in the third quarter valued at about $1,067,000. Finally, Quantbot Technologies LP acquired a new stake in FreightCar America during the 3rd quarter valued at approximately $49,000. Hedge funds and other institutional investors 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.