YRC Worldwide Inc. (YRCW) Stake Cut by JPMorgan Chase & Co.
JPMorgan Chase & Co. decreased its position in YRC Worldwide Inc. (NASDAQ:YRCW) by 2.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 927,320 shares of the company’s stock after selling 23,600 shares during the period. JPMorgan Chase & Co. owned 2.79% of YRC Worldwide worth $8,161,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of YRCW. Smith Asset Management Group LP raised its position in YRC Worldwide by 69.0% in the second quarter. Smith Asset Management Group LP now owns 18,130 shares of the company’s stock worth $160,000 after buying an additional 7,400 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new stake in YRC Worldwide during the second quarter worth about $161,000. Springbok Capital Management LLC boosted its stake in YRC Worldwide by 187.6% in the first quarter. Springbok Capital Management LLC now owns 38,824 shares of the company’s stock worth $362,000 after buying an additional 25,324 shares in the last quarter. Swiss National Bank boosted its stake in YRC Worldwide by 23.3% in the second quarter. Swiss National Bank now owns 51,400 shares of the company’s stock worth $452,000 after buying an additional 9,700 shares in the last quarter. Finally, Shell Asset Management Co. bought a new stake in YRC Worldwide during the second quarter worth about $857,000. 79.03% of the stock is owned by institutional investors.
YRC Worldwide Inc. (NASDAQ:YRCW) traded down 1.66% during mid-day trading on Friday, hitting $12.42. 268,992 shares of the company were exchanged. The stock has a market cap of $413.34 million, a price-to-earnings ratio of 35.28 and a beta of 2.81. YRC Worldwide Inc. has a 12 month low of $6.25 and a 12 month high of $18.50. The firm has a 50 day moving average price of $11.85 and a 200 day moving average price of $10.10.
YRC Worldwide (NASDAQ:YRCW) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.25. YRC Worldwide had a negative return on equity of 10.39% and a net margin of 0.24%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the company earned $0.80 EPS. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. Analysts anticipate that YRC Worldwide Inc. will post $1.04 EPS for the current fiscal year.
Several equities research analysts have issued reports on YRCW shares. Deutsche Bank AG set a $13.00 target price on shares of YRC Worldwide and gave the stock a “buy” rating in a research note on Thursday, July 21st. Standpoint Research reissued a “buy” rating on shares of YRC Worldwide in a research report on Wednesday, July 27th. Stifel Nicolaus reissued a “buy” rating and set a $14.00 price target on shares of YRC Worldwide in a research report on Monday, June 27th. Finally, Zacks Investment Research lowered shares of YRC Worldwide from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th.
In related news, insider Justin M. Hall sold 2,200 shares of the firm’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $11.55, for a total transaction of $25,410.00. Following the sale, the insider now directly owns 23,977 shares in the company, valued at approximately $276,934.35. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Darren Hawkins sold 18,896 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $11.59, for a total value of $219,004.64. Following the sale, the insider now owns 55,382 shares in the company, valued at $641,877.38. The disclosure for this sale can be found here. 3.30% of the stock is owned by company insiders.
YRC Worldwide Company Profile
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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