North Star Investment Management Corp. Purchases 64,000 Shares of Freightcar America, Inc. $RAIL

North Star Investment Management Corp. increased its position in shares of Freightcar America, Inc. (NASDAQ:RAIL) by 36.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 237,800 shares of the transportation company’s stock after purchasing an additional 64,000 shares during the quarter. North Star Investment Management Corp. owned approximately 1.25% of Freightcar America worth $1,895,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its stake in Freightcar America by 208.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,935 shares of the transportation company’s stock valued at $29,000 after buying an additional 1,984 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Freightcar America by 2,843.5% in the 4th quarter. Royal Bank of Canada now owns 4,062 shares of the transportation company’s stock worth $45,000 after buying an additional 3,924 shares during the last quarter. Quarry LP purchased a new position in shares of Freightcar America in the 3rd quarter worth approximately $53,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Freightcar America in the first quarter valued at approximately $61,000. Finally, State of Wyoming bought a new position in shares of Freightcar America in the second quarter valued at approximately $63,000. 31.96% of the stock is owned by institutional investors.

Freightcar America Stock Performance

NASDAQ RAIL opened at $9.76 on Tuesday. The company has a market capitalization of $186.81 million, a PE ratio of 13.19 and a beta of 1.48. Freightcar America, Inc. has a 52-week low of $7.27 and a 52-week high of $14.90. The company has a 50-day simple moving average of $8.35 and a 200 day simple moving average of $9.95.

Freightcar America (NASDAQ:RAIL) last released its earnings results on Monday, May 4th. The transportation company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06). Freightcar America had a net margin of 6.25% and a negative return on equity of 15.56%. The company had revenue of $64.31 million during the quarter, compared to analysts’ expectations of $74.60 million. As a group, analysts forecast that Freightcar America, Inc. will post 0.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RAIL has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Freightcar America in a report on Friday, June 5th. Wall Street Zen downgraded Freightcar America from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Freightcar America has an average rating of “Buy”.

Freightcar America Profile

FreightCar America, Inc is a designer and manufacturer of specialized railroad freight cars, offering a diverse range of products that include tank cars, open and covered hoppers, gondolas, boxcars and centerbeam lumber cars. The company supports both new car construction and the rebuilding of existing fleets, providing custom engineering solutions to meet customer specifications and industry regulations. FreightCar America also supplies aftermarket parts, maintenance services and component remanufacturing for its own fleet and for third-party car owners.

Headquartered in Chicago, Illinois, FreightCar America traces its origins to early 20th-century railcar builders and began trading as an independent, publicly-listed company on the NASDAQ under the ticker RAIL following a spin-off in 2010.