YRC Worldwide (YRCW) Rating Lowered to Sell at ValuEngine

ValuEngine downgraded shares of YRC Worldwide (NASDAQ:YRCW) from a hold rating to a sell rating in a report issued on Wednesday.

Several other brokerages have also recently issued reports on YRCW. BidaskClub raised YRC Worldwide from a sell rating to a hold rating in a report on Tuesday, June 12th. Zacks Investment Research cut YRC Worldwide from a buy rating to a sell rating in a report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. YRC Worldwide currently has a consensus rating of Hold and an average target price of $19.75.

NASDAQ YRCW opened at $10.05 on Wednesday. The company has a debt-to-equity ratio of -2.38, a quick ratio of 1.27 and a current ratio of 1.27. YRC Worldwide has a 12 month low of $8.07 and a 12 month high of $17.61. The company has a market capitalization of $340.24 million, a P/E ratio of 67.00 and a beta of 3.71.

YRC Worldwide (NASDAQ:YRCW) last issued its quarterly earnings data on Thursday, May 3rd. The transportation company reported ($0.44) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.60) by $0.16. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.21 billion. The firm’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the company earned ($0.78) earnings per share. equities analysts forecast that YRC Worldwide will post 0.89 earnings per share for the current year.

In other news, Director Raymond J. Bromark sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 22nd. The stock was sold at an average price of $10.79, for a total transaction of $53,950.00. Following the sale, the director now directly owns 86,272 shares of the company’s stock, valued at approximately $930,874.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.70% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of YRCW. Carlyle Group L.P. bought a new position in shares of YRC Worldwide during the 1st quarter valued at approximately $584,000. Front Street Capital Management Inc. increased its position in shares of YRC Worldwide by 66.3% during the 1st quarter. Front Street Capital Management Inc. now owns 445,260 shares of the transportation company’s stock valued at $3,932,000 after purchasing an additional 177,550 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of YRC Worldwide by 96.7% during the 1st quarter. GSA Capital Partners LLP now owns 165,300 shares of the transportation company’s stock valued at $1,460,000 after purchasing an additional 81,243 shares during the last quarter. Sei Investments Co. increased its position in shares of YRC Worldwide by 536.4% during the 1st quarter. Sei Investments Co. now owns 94,820 shares of the transportation company’s stock valued at $837,000 after purchasing an additional 79,920 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of YRC Worldwide by 42.6% during the 1st quarter. Russell Investments Group Ltd. now owns 2,818,442 shares of the transportation company’s stock valued at $24,888,000 after purchasing an additional 841,762 shares during the last quarter. 79.18% of the stock is currently owned by institutional investors and hedge funds.

About YRC Worldwide

YRC Worldwide Inc, through its subsidiaries, provides various transportation services primarily in North America. Its YRC Freight segment offers various services to transport industrial, commercial, and retail goods; and provides specialized services, including guaranteed expedited services, time-specific deliveries, cross-border services, coast-to-coast air delivery, product returns, temperature-sensitive shipment protection, and government material shipments.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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