YRC Worldwide Inc. (YRCW) Shares Bought by Swiss National Bank
Swiss National Bank increased its position in YRC Worldwide Inc. (NASDAQ:YRCW) by 23.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 51,400 shares of the company’s stock after buying an additional 9,700 shares during the period. Swiss National Bank owned approximately 0.16% of YRC Worldwide worth $452,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in YRC Worldwide by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 156,478 shares of the company’s stock worth $1,377,000 after buying an additional 413 shares in the last quarter. Chicago Equity Partners LLC boosted its stake in shares of YRC Worldwide by 793.2% in the second quarter. Chicago Equity Partners LLC now owns 240,619 shares of the company’s stock worth $2,117,000 after buying an additional 213,679 shares during the period. Quantitative Systematic Strategies LLC acquired a new stake in shares of YRC Worldwide during the second quarter worth approximately $161,000. American Century Companies Inc. boosted its stake in shares of YRC Worldwide by 0.3% in the second quarter. American Century Companies Inc. now owns 311,752 shares of the company’s stock worth $2,743,000 after buying an additional 870 shares during the period. Finally, Smith Asset Management Group LP boosted its stake in shares of 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 during the period. Institutional investors own 79.01% of the company’s stock.
Shares of YRC Worldwide Inc. (NASDAQ:YRCW) traded up 3.97% during midday trading on Tuesday, hitting $12.57. 133,783 shares of the stock were exchanged. The firm has a market cap of $418.33 million, a PE ratio of 35.71 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 $12.02 and a 200 day moving average price of $10.23.
YRC Worldwide (NASDAQ:YRCW) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.25. YRC Worldwide had a net margin of 0.24% and a negative return on equity of 10.39%. 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 firm posted $0.80 EPS. YRC Worldwide’s quarterly revenue was down 4.0% on a year-over-year basis. Analysts predict that YRC Worldwide Inc. will post $1.04 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on YRCW shares. Standpoint Research reiterated a “buy” rating on shares of YRC Worldwide in a research report on Wednesday, July 27th. Deutsche Bank AG set a $13.00 target price on shares of YRC Worldwide and gave the company a “buy” rating in a research report on Thursday, July 21st. Stifel Nicolaus reiterated a “buy” rating and issued a $14.00 target price on shares of YRC Worldwide in a research report on Monday, June 27th. Finally, Zacks Investment Research upgraded shares of YRC Worldwide from a “sell” rating to a “hold” rating in a research report on Saturday, July 30th.
In other YRC Worldwide news, insider Thomas Joseph O’connor III sold 14,411 shares of the business’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $11.97, for a total transaction of $172,499.67. Following the sale, the insider now directly owns 34,747 shares in the company, valued at approximately $415,921.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jamie G. Pierson sold 49,000 shares of the business’s 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 sale, the insider now owns 191,981 shares in the company, valued at $2,165,545.68. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by corporate insiders.
About YRC Worldwide
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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