YRC Worldwide Inc. (YRCW) Trading Up 2.5%
Shares of YRC Worldwide Inc. (NASDAQ:YRCW) were up 2.5% during mid-day trading on Tuesday . The stock traded as high as $11.65 and last traded at $11.60, with a volume of 290,881 shares trading hands. The stock had previously closed at $11.32.
Several analysts have issued reports on YRCW shares. Zacks Investment Research cut YRC Worldwide from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Stifel Nicolaus restated a “buy” rating and issued a $14.00 target price on shares of YRC Worldwide in a report on Monday, June 27th. Standpoint Research restated a “buy” rating on shares of YRC Worldwide in a report on Wednesday, July 27th. Finally, Deutsche Bank AG set a $13.00 target price on YRC Worldwide and gave the company a “buy” rating in a report on Thursday, July 21st.
The firm has a 50-day moving average price of $11.00 and a 200-day moving average price of $9.47. The firm has a market capitalization of $390.71 million and a price-to-earnings ratio of 33.35.
YRC Worldwide (NASDAQ:YRCW) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.25. The business earned $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.80 earnings per share. On average, equities analysts predict that YRC Worldwide Inc. will post $0.92 earnings per share for the current year.
In related news, insider Jamie G. Pierson sold 49,000 shares of YRC Worldwide stock in a transaction on Friday, August 12th. The stock was sold at an average price of $11.28, for a total transaction of $552,720.00. Following the completion of the transaction, the insider now directly owns 191,981 shares of the company’s stock, valued at $2,165,545.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Thomas Joseph O’connor III sold 14,411 shares of YRC Worldwide stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $11.97, for a total value of $172,499.67. Following the transaction, the insider now directly owns 34,747 shares of the company’s stock, valued at $415,921.59. The disclosure for this sale can be found here.
An institutional investor recently raised its position in YRC Worldwide stock. Connor Clark & Lunn Investment Management Ltd. boosted its stake in YRC Worldwide Inc. (NASDAQ:YRCW) by 3.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 105,250 shares of the company’s stock after buying an additional 3,175 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.33% of YRC Worldwide worth $1,492,000 as of its most recent SEC filing.
YRC Worldwide Inc (YRC Worldwide) is a holding company that, through its subsidiaries and its interest in a Chinese joint venture, offers a range of transportation services. The Company has a less-than-truckload (LTL) networks in North America with local, regional, national and international capabilities.
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