ValuEngine upgraded shares of YRC Worldwide (NASDAQ:YRCW) from a sell rating to a hold rating in a research note released on Thursday.
A number of other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of YRC Worldwide from a hold rating to a sell rating in a research note on Saturday, January 13th. BidaskClub upgraded shares of YRC Worldwide from a buy rating to a strong-buy rating in a research note on Saturday, January 13th. Stephens reiterated a buy rating and issued a $19.00 price target on shares of YRC Worldwide in a research note on Tuesday, January 2nd. Finally, Stifel Nicolaus reiterated a buy rating and issued a $18.00 price target (down previously from $19.00) on shares of YRC Worldwide in a research note on Thursday, October 19th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $17.60.
Shares of YRC Worldwide (YRCW) traded up $0.72 during trading on Thursday, reaching $17.01. 698,925 shares of the company were exchanged, compared to its average volume of 409,974. YRC Worldwide has a one year low of $7.36 and a one year high of $17.08. 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 (NASDAQ:YRCW) last issued its quarterly earnings results on Thursday, November 2nd. The transportation company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.06). YRC Worldwide had a negative return on equity of 0.70% and a negative net margin of 0.22%. equities research analysts anticipate that YRC Worldwide will post 0.05 EPS for the current fiscal year.
In other news, Director William Robert Davidson sold 3,921 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $13.40, for a total transaction of $52,541.40. Following the completion of the sale, the director now owns 30,195 shares in the company, valued at approximately $404,613. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Justin M. Hall acquired 5,000 shares of YRC Worldwide stock in a transaction dated Thursday, November 16th. The shares were bought at an average price of $11.09 per share, with a total value of $55,450.00. The disclosure for this purchase can be found here. 3.70% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of the company. Teachers Advisors LLC lifted its position in shares of YRC Worldwide by 1.0% during the 2nd quarter. Teachers Advisors LLC now owns 62,884 shares of the transportation company’s stock worth $699,000 after buying an additional 593 shares during the last quarter. Rhumbline Advisers lifted its position in shares of YRC Worldwide by 2.2% during the 2nd quarter. Rhumbline Advisers now owns 39,456 shares of the transportation company’s stock worth $439,000 after buying an additional 850 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of YRC Worldwide by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,120 shares of the transportation company’s stock worth $302,000 after buying an additional 1,681 shares during the last quarter. Voya Investment Management LLC lifted its position in shares of YRC Worldwide by 18.7% during the 2nd quarter. Voya Investment Management LLC now owns 17,288 shares of the transportation company’s stock worth $192,000 after buying an additional 2,720 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of YRC Worldwide by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 204,280 shares of the transportation company’s stock worth $2,272,000 after buying an additional 3,222 shares during the last quarter. Institutional investors and hedge funds 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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