YRC Worldwide Inc. (YRCW) Stake Boosted by Algert Global LLC
Algert Global LLC increased its stake in YRC Worldwide Inc. (NASDAQ:YRCW) by 54.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,228 shares of the company’s stock after buying an additional 51,400 shares during the period. Algert Global LLC’s holdings in YRC Worldwide were worth $1,789,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of YRCW. Vanguard Group Inc. raised its stake in YRC Worldwide by 1.1% in the second quarter. Vanguard Group Inc. now owns 1,414,933 shares of the company’s stock valued at $12,452,000 after buying an additional 15,345 shares during the period. Waddell & Reed Financial Inc. raised its stake in YRC Worldwide by 75.9% in the second quarter. Waddell & Reed Financial Inc. now owns 1,339,819 shares of the company’s stock valued at $11,791,000 after buying an additional 577,931 shares during the period. JPMorgan Chase & Co. raised its stake in YRC Worldwide by 13.5% in the first quarter. JPMorgan Chase & Co. now owns 950,920 shares of the company’s stock valued at $8,862,000 after buying an additional 112,787 shares during the period. BlackRock Fund Advisors raised its stake in YRC Worldwide by 2.4% in the second quarter. BlackRock Fund Advisors now owns 845,078 shares of the company’s stock valued at $7,437,000 after buying an additional 20,088 shares during the period. Finally, Teachers Advisors Inc. raised its stake in YRC Worldwide by 4.7% in the first quarter. Teachers Advisors Inc. now owns 708,190 shares of the company’s stock valued at $6,600,000 after buying an additional 31,960 shares during the period. Hedge funds and other institutional investors own 79.03% of the company’s stock.
YRC Worldwide Inc. (NASDAQ:YRCW) opened at 12.40 on Thursday. The firm has a market capitalization of $412.67 million, a price-to-earnings ratio of 35.23 and a beta of 2.81. The company has a 50 day moving average price of $11.95 and a 200-day moving average price of $10.17. YRC Worldwide Inc. has a 52 week low of $6.25 and a 52 week high of $18.50.
YRC Worldwide (NASDAQ:YRCW) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.25. The business earned $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. YRC Worldwide had a negative return on equity of 10.39% and a net margin of 0.24%. YRC Worldwide’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the company earned $0.80 earnings per share. Equities analysts predict that YRC Worldwide Inc. will post $1.04 earnings per share for the current year.
A number of research analysts have recently commented on YRCW shares. Stifel Nicolaus reiterated a “buy” rating and set a $14.00 price target on shares of YRC Worldwide in a report on Monday, June 27th. Zacks Investment Research lowered YRC Worldwide from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Deutsche Bank AG set a $13.00 price target on YRC Worldwide and gave the stock a “buy” rating in a report on Thursday, July 21st. Finally, Standpoint Research reiterated a “buy” rating on shares of YRC Worldwide in a report on Wednesday, July 27th.
In other YRC Worldwide news, insider Scott D. Ware sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $11.44, for a total value of $114,400.00. Following the completion of the transaction, the insider now directly owns 50,378 shares in the company, valued at $576,324.32. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas Joseph O’connor III sold 14,411 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $11.97, for a total value of $172,499.67. Following the completion of the transaction, the insider now owns 34,747 shares of the company’s stock, valued at $415,921.59. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company’s stock.
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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