FreightCar America, Inc. (RAIL) Shares Sold by Royce & Associates LP

Royce & Associates LP cut its holdings in FreightCar America, Inc. (NASDAQ:RAIL) by 8.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,177,223 shares of the transportation company’s stock after selling 104,951 shares during the quarter. Royce & Associates LP owned about 0.09% of FreightCar America worth $20,107,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its stake in FreightCar America by 234.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,875 shares of the transportation company’s stock valued at $151,000 after buying an additional 6,221 shares during the last quarter. Wells Fargo & Company MN raised its stake in FreightCar America by 25.0% in the fourth quarter. Wells Fargo & Company MN now owns 373,064 shares of the transportation company’s stock valued at $6,372,000 after buying an additional 74,494 shares during the last quarter. Granite Point Capital Management L.P. purchased a new stake in FreightCar America in the fourth quarter valued at about $854,000. California Public Employees Retirement System raised its stake in FreightCar America by 4.0% in the fourth quarter. California Public Employees Retirement System now owns 111,542 shares of the transportation company’s stock valued at $1,905,000 after buying an additional 4,324 shares during the last quarter. Finally, Strs Ohio raised its stake in FreightCar America by 14.9% in the fourth quarter. Strs Ohio now owns 39,400 shares of the transportation company’s stock valued at $672,000 after buying an additional 5,100 shares during the last quarter. Institutional investors own 87.64% of the company’s stock.

A number of equities research analysts have commented on RAIL shares. ValuEngine cut FreightCar America from a “hold” rating to a “sell” rating in a research note on Saturday, January 13th. Zacks Investment Research cut FreightCar America from a “hold” rating to a “sell” rating in a research note on Friday, November 17th. Seaport Global Securities started coverage on FreightCar America in a research note on Thursday, January 4th. They issued a “neutral” rating for the company. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $14.00 price target (down from $15.00) on shares of FreightCar America in a research note on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. FreightCar America presently has an average rating of “Hold” and a consensus price target of $16.25.

FreightCar America, Inc. (RAIL) opened at $15.84 on Thursday. FreightCar America, Inc. has a 12 month low of $12.07 and a 12 month high of $20.46.

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FreightCar America 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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