Uniplan Investment Counsel Inc. raised its stake in Freightcar America, Inc. (NASDAQ:RAIL) by 58.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 338,821 shares of the transportation company’s stock after acquiring an additional 124,705 shares during the period. Uniplan Investment Counsel Inc. owned 2.76% of Freightcar America worth $5,892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RAIL. 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 valued at $389,000 after acquiring an additional 5,642 shares in the last quarter. Strs Ohio boosted its stake in Freightcar America by 77.8% in the first quarter. Strs Ohio now owns 30,400 shares of the transportation company’s stock valued at $380,000 after acquiring an additional 13,300 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Freightcar America by 83.6% in the first quarter. Wells Fargo & Company MN now owns 619,186 shares of the transportation company’s stock valued at $7,758,000 after acquiring an additional 281,985 shares in the last quarter. 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 valued at $168,000 after acquiring an additional 104 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Freightcar America by 7.1% in the first quarter. Bank of New York Mellon Corp now owns 216,085 shares of the transportation company’s stock valued at $2,707,000 after acquiring an additional 14,262 shares in the last quarter. Institutional investors own 82.74% of the company’s stock.
Several equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Freightcar America from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Cowen and Company restated a “hold” rating and issued a $15.00 price objective on shares of Freightcar America in a research note on Tuesday, July 11th. Buckingham Research assumed coverage on shares of Freightcar America in a research note on Wednesday, June 21st. They issued a “neutral” rating and a $17.00 price objective for the company. Finally, ValuEngine upgraded shares of Freightcar America from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $16.00.
Shares of Freightcar America, Inc. (NASDAQ:RAIL) traded down 0.64% during midday trading on Tuesday, hitting $18.70. 10,302 shares of the stock traded hands. Freightcar America, Inc. has a one year low of $10.87 and a one year high of $19.66. The firm has a 50-day moving average price of $17.55 and a 200 day moving average price of $15.85. The stock has a market cap of $232.40 million, a price-to-earnings ratio of 719.23 and a beta of 1.61.
Freightcar America (NASDAQ:RAIL) last released its earnings results on Wednesday, August 2nd. The transportation company reported ($0.04) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.04). Freightcar America had a net margin of 0.06% and a return on equity of 1.61%. The company had revenue of $118.67 million during the quarter, compared to the consensus estimate of $108.43 million. During the same quarter in the previous year, the firm earned ($0.04) EPS. The company’s revenue was down 5.9% on a year-over-year basis. Analysts anticipate that Freightcar America, Inc. will post ($0.21) earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Thursday, August 17th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Tuesday, August 15th. Freightcar America’s dividend payout ratio (DPR) is presently 1,800.00%.
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Freightcar America Company Profile
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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