FreightCar America (RAIL) reported preliminary third-quarter 2026 revenue of $75 million to $77 million and reduced its full-year outlook after removing a 1,285-railcar tank car retrofit order from backlog.
The company said the order was removed because it believes the customer is unlikely to meet its obligations under the contract. Full third-quarter results are scheduled for release after market close on November 9, 2026.
- Third-quarter railcar deliveries were 662 units, compared with 1,304 units in the third quarter of 2025.
- Preliminary adjusted EBITDA was between a loss of $0.3 million and a gain of $0.3 million, versus $17.0 million a year earlier.
- Backlog totaled 2,660 units valued at $284.5 million as of September 30, 2026.
- Updated 2026 revenue outlook is $370 million to $410 million, down from $410 million to $460 million.
- Updated 2026 railcar-delivery outlook is 3,100 to 3,300 units, down from 3,500 to 3,900 units.
- Updated adjusted EBITDA outlook is $15 million to $19 million, down from $36 million to $44 million.
$RAIL Hedge Fund Activity
We have seen 48 institutional investors add shares of $RAIL stock to their portfolio, and 50 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. added 689,400 shares (+256.0%) to their portfolio in Q2 2026, for an estimated $6,714,756
- KENNEDY CAPITAL MANAGEMENT LLC added 492,415 shares (+inf%) to their portfolio in Q2 2026, for an estimated $4,796,122
- NWAM LLC added 320,625 shares (+inf%) to their portfolio in Q2 2026, for an estimated $3,122,887
- ANCORA ADVISORS LLC removed 276,603 shares (-97.8%) from their portfolio in Q2 2026, for an estimated $2,694,113
- MILLENNIUM MANAGEMENT LLC removed 216,429 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $2,108,018
- GEODE CAPITAL MANAGEMENT, LLC added 216,074 shares (+133.4%) to their portfolio in Q2 2026, for an estimated $2,104,560
- JACOBS LEVY EQUITY MANAGEMENT, INC added 195,792 shares (+278.5%) to their portfolio in Q2 2026, for an estimated $1,907,014
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
