Shell Asset Management Co. held its position in Freightcar America, Inc. (NASDAQ:RAIL) during the second quarter, Holdings Channel reports. The fund owned 43,760 shares of the transportation company’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Freightcar America were worth $761,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Eqis Capital Management Inc. boosted its position 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 buying an additional 104 shares during the period. Ironwood Investment Management LLC boosted its stake in shares of Freightcar America by 3.8% in the first quarter. Ironwood Investment Management LLC now owns 11,730 shares of the transportation company’s stock valued at $147,000 after buying an additional 433 shares during the last quarter. Malaga Cove Capital LLC boosted its stake in shares of Freightcar America by 3.0% in the second quarter. Malaga Cove Capital LLC now owns 23,676 shares of the transportation company’s stock valued at $413,000 after buying an additional 700 shares during the last quarter. Steelhead Partners LLC boosted its stake in shares of Freightcar America by 2.9% in the first quarter. Steelhead Partners LLC now owns 38,600 shares of the transportation company’s stock valued at $484,000 after buying an additional 1,100 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Freightcar America by 3.7% in the first quarter. Geode Capital Management LLC now owns 98,883 shares of the transportation company’s stock valued at $1,239,000 after buying an additional 3,520 shares during the last quarter. Hedge funds and other institutional investors own 76.09% of the company’s stock.

Shares of Freightcar America, Inc. (NASDAQ:RAIL) opened at 18.35 on Friday. Freightcar America, Inc. has a 52-week low of $10.87 and a 52-week high of $19.66. The company has a market cap of $228.05 million, a PE ratio of 705.77 and a beta of 1.60. The company has a 50 day moving average of $17.22 and a 200-day moving average of $15.25.

Freightcar America (NASDAQ:RAIL) last announced its earnings results on Wednesday, August 2nd. The transportation company reported ($0.04) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.04). Freightcar America had a net margin of 0.06% and a return on equity of 1.61%. The business had revenue of $118.67 million during the quarter, compared to the consensus estimate of $108.43 million. During the same quarter last year, the firm earned ($0.04) earnings per share. Freightcar America’s quarterly revenue was down 5.9% on a year-over-year basis. Analysts forecast that Freightcar America, Inc. will post ($0.21) EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Thursday, August 17th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Tuesday, August 15th. Freightcar America’s dividend payout ratio is presently 1,800.00%.

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Several brokerages have commented on RAIL. ValuEngine upgraded shares of Freightcar America from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of Freightcar America from a “hold” rating to a “strong-buy” rating and set a $19.00 target price for the company in a research report on Wednesday, May 10th. Cowen and Company reiterated a “hold” rating and set a $15.00 target price on shares of Freightcar America in a research report on Tuesday, July 11th. Finally, Buckingham Research began coverage on shares of Freightcar America in a research report on Wednesday, June 21st. They set a “neutral” rating and a $17.00 target price for the company. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $16.00.

In related news, insider Theodore W. Baun sold 4,481 shares of Freightcar America stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $17.25, for a total transaction of $77,297.25. Following the completion of the transaction, the insider now owns 14,502 shares of the company’s stock, valued at $250,159.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.13% of the stock is owned by company insiders.

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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Institutional Ownership by Quarter for Freightcar America (NASDAQ:RAIL)

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