Dimensional Fund Advisors LP Raises Stock Position in FreightCar America, Inc. (NASDAQ:RAIL)

Dimensional Fund Advisors LP increased its stake in FreightCar America, Inc. (NASDAQ:RAIL) by 81.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,209 shares of the transportation company’s stock after purchasing an additional 27,521 shares during the quarter. Dimensional Fund Advisors LP owned 0.32% of FreightCar America worth $549,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership boosted its holdings in FreightCar America by 125.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 389,018 shares of the transportation company’s stock worth $3,486,000 after purchasing an additional 216,307 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in FreightCar America by 128.5% in the fourth quarter. Renaissance Technologies LLC now owns 282,200 shares of the transportation company’s stock worth $2,529,000 after purchasing an additional 158,700 shares during the last quarter. Marshall Wace LLP purchased a new stake in FreightCar America in the fourth quarter worth approximately $2,399,000. Allspring Global Investments Holdings LLC boosted its holdings in FreightCar America by 90.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 188,369 shares of the transportation company’s stock worth $1,688,000 after purchasing an additional 89,471 shares during the last quarter. Finally, Consolidated Portfolio Review Corp purchased a new stake in FreightCar America in the fourth quarter worth approximately $743,000. Hedge funds and other institutional investors own 31.96% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on RAIL. StockNews.com downgraded shares of FreightCar America from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th. Northcoast Research began coverage on shares of FreightCar America in a research report on Thursday, May 1st. They issued a “buy” rating and a $9.00 price target on the stock.

FreightCar America Trading Up 3.3%

RAIL opened at $7.73 on Friday. FreightCar America, Inc. has a 1-year low of $3.02 and a 1-year high of $16.10. The company has a market capitalization of $147.18 million, a PE ratio of -1.82 and a beta of 1.73. The firm’s 50 day simple moving average is $5.98 and its two-hundred day simple moving average is $8.95.

FreightCar America (NASDAQ:RAIL) last released its quarterly earnings results on Wednesday, March 12th. The transportation company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.16. FreightCar America had a negative net margin of 20.66% and a negative return on equity of 27.10%. The business had revenue of $137.70 million for the quarter, compared to the consensus estimate of $152.02 million. Equities analysts forecast that FreightCar America, Inc. will post 0.09 earnings per share for the current fiscal year.

FreightCar America 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.