YRC Worldwide (YRCW) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of YRC Worldwide (NASDAQ:YRCW) from a hold rating to a sell rating in a report released on Saturday morning.

According to Zacks, “YRC Worldwide Inc., headquartered in Overland Park, Kan., is the holding company for a portfolio of less-than-truckload (LTL) companies including YRC Freight, YRC Reimer, Holland, Reddaway, and New Penn. Collectively, YRC Worldwide companies have one of the largest, most comprehensive LTL networks in North America with local, regional, national and international capabilities. “

Several other equities research analysts have also commented on the stock. BidaskClub upgraded shares of YRC Worldwide from a buy rating to a strong-buy rating in a research note on Saturday. Stephens restated a buy rating and set a $19.00 price target on shares of YRC Worldwide in a research note on Tuesday, January 2nd. ValuEngine lowered shares of YRC Worldwide from a hold rating to a sell rating in a research note on Friday, December 1st. Stifel Nicolaus restated a buy rating and set a $18.00 price target (down previously from $19.00) on shares of YRC Worldwide in a research note on Thursday, October 19th. Finally, Aegis restated a buy rating and set a $20.00 price target on shares of YRC Worldwide in a research note on Saturday, September 16th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. YRC Worldwide presently has an average rating of Hold and an average target price of $16.60.

YRC Worldwide (YRCW) traded down $0.17 during trading hours on Friday, reaching $15.55. 388,996 shares of the company’s stock traded hands, compared to its average volume of 391,238. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of -2.26. YRC Worldwide has a 52-week low of $7.36 and a 52-week high of $15.80.

In related news, insider Justin M. Hall purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was bought at an average price of $11.09 per share, for a total transaction of $55,450.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James L. Welch sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $12.24, for a total transaction of $1,224,000.00. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

Several hedge funds have recently modified their holdings of YRCW. First Quadrant L P CA purchased a new stake in shares of YRC Worldwide during the 3rd quarter worth approximately $132,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in YRC Worldwide in the 3rd quarter worth approximately $150,000. Jane Street Group LLC bought a new position in YRC Worldwide in the 3rd quarter worth approximately $159,000. Boothbay Fund Management LLC bought a new position in YRC Worldwide in the 3rd quarter worth approximately $160,000. Finally, Marshall Wace North America L.P. bought a new position in YRC Worldwide in the 2nd quarter worth approximately $168,000. Institutional investors own 85.39% of the company’s stock.

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About YRC Worldwide

YRC Worldwide Inc is a holding company. The Company, through its subsidiaries, offers its customers a range of transportation services. The Company operates through two segments: YRC Freight and Regional Transportation. The Company has less-than-truckload (LTL) networks in North America with local, regional, national and international capabilities.

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