Uniplan Investment Counsel Inc. Has $4.48 Million Holdings in Freightcar America, Inc. (RAIL)
Uniplan Investment Counsel Inc. lowered its position in Freightcar America, Inc. (NASDAQ:RAIL) by 32.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 228,835 shares of the transportation company’s stock after selling 109,986 shares during the period. Uniplan Investment Counsel Inc. owned about 1.85% of Freightcar America worth $4,476,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. KBC Group NV acquired a new position in shares of Freightcar America in the third quarter worth about $178,000. Alliancebernstein L.P. acquired a new position in shares of Freightcar America in the second quarter worth about $212,000. Virtu KCG Holdings LLC acquired a new position in shares of Freightcar America in the second quarter worth about $258,000. Rhumbline Advisers raised its position in shares of Freightcar America by 2.5% in the second quarter. Rhumbline Advisers now owns 15,664 shares of the transportation company’s stock worth $272,000 after acquiring an additional 387 shares during the period. Finally, Spark Investment Management LLC acquired a new position in shares of Freightcar America in the second quarter worth about $293,000. Institutional investors and hedge funds own 84.42% of the company’s stock.
In related news, Director S Carl Soderstrom, Jr. sold 4,500 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $15.61, for a total transaction of $70,245.00. Following the completion of the sale, the director now owns 15,704 shares of the company’s stock, valued at approximately $245,139.44. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director S Carl Soderstrom, Jr. sold 2,500 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $15.71, for a total transaction of $39,275.00. The disclosure for this sale can be found here. Insiders have sold 11,500 shares of company stock valued at $179,090 in the last three months. Corporate insiders own 4.13% of the company’s stock.
A number of research analysts have weighed in on RAIL shares. Zacks Investment Research upgraded shares of Freightcar America from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Stifel Nicolaus reissued a “hold” rating and set a $15.00 target price on shares of Freightcar America in a research note on Thursday, September 21st. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $16.25.
Shares of Freightcar America, Inc. (RAIL) opened at $16.64 on Thursday. Freightcar America, Inc. has a one year low of $12.07 and a one year high of $20.46.
Freightcar America (NASDAQ:RAIL) last released its earnings results on Wednesday, November 1st. The transportation company reported ($0.73) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.63). The company had revenue of $72.00 million for the quarter, compared to analysts’ expectations of $87.20 million. Freightcar America had a negative return on equity of 2.56% and a negative net margin of 2.44%. Freightcar America’s quarterly revenue was down 36.6% compared to the same quarter last year. equities analysts predict that Freightcar America, Inc. will post -0.98 earnings per share for the current year.
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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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