YRC Worldwide (YRCW) Trading Up 5.3%

Shares of YRC Worldwide (NASDAQ:YRCW) were up 5.3% during trading on Monday . The company traded as high as $11.18 and last traded at $11.00. Approximately 1,007,473 shares changed hands during trading, an increase of 25% from the average daily volume of 804,755 shares. The stock had previously closed at $10.45.

A number of analysts have recently commented on YRCW shares. BidaskClub lowered YRC Worldwide from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 5th. Zacks Investment Research lowered YRC Worldwide from a “hold” rating to a “strong sell” rating in a research note on Friday, March 30th. ValuEngine lowered YRC Worldwide from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. Stifel Nicolaus reissued a “buy” rating and set a $21.00 price target on shares of YRC Worldwide in a research note on Friday, February 2nd. Finally, Seaport Global Securities reissued a “neutral” rating on shares of YRC Worldwide in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $19.75.

The company has a market cap of $373.52 million, a P/E ratio of 70.20 and a beta of 4.08. The company has a debt-to-equity ratio of -2.38, a current ratio of 1.27 and a quick ratio of 1.27.



YRC Worldwide (NASDAQ:YRCW) last posted its quarterly earnings data on Thursday, May 3rd. The transportation company reported ($0.44) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.60) by $0.16. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. YRC Worldwide’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.78) earnings per share. equities research analysts anticipate that YRC Worldwide will post 0.91 EPS for the current fiscal year.

In related news, Director Raymond J. Bromark sold 5,000 shares of YRC Worldwide stock in a transaction that occurred on Tuesday, May 22nd. The stock was sold at an average price of $10.79, for a total value of $53,950.00. Following the transaction, the director now directly owns 86,272 shares of the company’s stock, valued at $930,874.88. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Scott D. Ware sold 14,000 shares of YRC Worldwide stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $8.61, for a total value of $120,540.00. Following the completion of the transaction, the insider now directly owns 39,095 shares in the company, valued at $336,607.95. The disclosure for this sale can be found here. 4.70% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. lifted its stake in shares of YRC Worldwide by 42.6% in the first quarter. Russell Investments Group Ltd. now owns 2,818,442 shares of the transportation company’s stock worth $24,888,000 after acquiring an additional 841,762 shares during the period. Millennium Management LLC lifted its stake in shares of YRC Worldwide by 24.7% in the fourth quarter. Millennium Management LLC now owns 1,176,890 shares of the transportation company’s stock worth $16,924,000 after acquiring an additional 232,823 shares during the period. Boston Partners lifted its stake in shares of YRC Worldwide by 14.6% in the first quarter. Boston Partners now owns 1,026,420 shares of the transportation company’s stock worth $9,063,000 after acquiring an additional 130,820 shares during the period. Two Sigma Investments LP lifted its stake in shares of YRC Worldwide by 51.8% in the fourth quarter. Two Sigma Investments LP now owns 576,704 shares of the transportation company’s stock worth $8,293,000 after acquiring an additional 196,724 shares during the period. Finally, Rothschild Asset Management Inc. acquired a new position in shares of YRC Worldwide in the first quarter worth approximately $4,679,000. 80.01% of the stock is currently owned by institutional investors.

YRC Worldwide Company Profile

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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