YRC Worldwide (YRCW) Trading 6.3% Higher

YRC Worldwide Inc (NASDAQ:YRCW) shares traded up 6.3% during trading on Monday . The company traded as high as $6.49 and last traded at $6.43. 1,893,480 shares were traded during trading, an increase of 173% from the average session volume of 693,044 shares. The stock had previously closed at $6.05.

A number of research analysts have commented on the company. Stifel Nicolaus reduced their price objective on YRC Worldwide from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, August 3rd. BidaskClub cut YRC Worldwide from a “hold” rating to a “sell” rating in a research note on Wednesday, August 1st. Deutsche Bank upgraded YRC Worldwide from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Tuesday, August 21st. Finally, Loop Capital assumed coverage on YRC Worldwide in a research note on Monday, October 1st. They set a “buy” rating and a $18.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $16.80.

The stock has a market capitalization of $205.84 million, a PE ratio of 44.87 and a beta of 3.76.

YRC Worldwide (NASDAQ:YRCW) last announced its earnings results on Thursday, November 1st. The transportation company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.42). YRC Worldwide had a negative return on equity of 1.64% and a negative net margin of 0.09%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the firm posted $0.09 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. Equities research analysts forecast that YRC Worldwide Inc will post 0.71 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Northern Trust Corp increased its position in shares of YRC Worldwide by 2.0% during the second quarter. Northern Trust Corp now owns 375,291 shares of the transportation company’s stock worth $3,771,000 after acquiring an additional 7,525 shares during the last quarter. Systematic Financial Management LP increased its position in shares of YRC Worldwide by 8.6% during the third quarter. Systematic Financial Management LP now owns 134,585 shares of the transportation company’s stock worth $1,209,000 after acquiring an additional 10,675 shares during the last quarter. Paloma Partners Management Co purchased a new stake in shares of YRC Worldwide during the second quarter worth about $120,000. Deprince Race & Zollo Inc. increased its position in shares of YRC Worldwide by 66.7% during the second quarter. Deprince Race & Zollo Inc. now owns 30,000 shares of the transportation company’s stock worth $302,000 after acquiring an additional 12,000 shares during the last quarter. Finally, Sigma Planning Corp purchased a new stake in shares of YRC Worldwide during the second quarter worth about $132,000. 77.97% of the stock is currently owned by institutional investors and hedge funds.

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About YRC Worldwide (NASDAQ:YRCW)

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.

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