YRC Worldwide Inc. (YRCW) Trading Up 6.1%
YRC Worldwide Inc. (NASDAQ:YRCW)’s share price was up 6.1% on Friday . The stock traded as high as $9.57 and last traded at $9.55, with a volume of 421,479 shares changing hands. The stock had previously closed at $9.00.
Several equities analysts have weighed in on YRCW shares. Stifel Nicolaus reissued a “buy” rating and set a $14.00 price objective 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.
The company has a market capitalization of $318.26 million and a PE ratio of 30.67. The company has a 50-day moving average price of $9.03 and a 200-day moving average price of $9.44.
YRC Worldwide (NASDAQ:YRCW) last issued its quarterly earnings results on Thursday, April 28th. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.01. The company earned $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the firm earned ($0.70) earnings per share. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. On average, equities research analysts anticipate that YRC Worldwide Inc. will post $0.99 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in YRCW. Dimensional Fund Advisors LP raised its position in shares of YRC Worldwide by 81.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 742,968 shares of the company’s stock worth $10,535,000 after buying an additional 333,521 shares during the last quarter. Marshall Wace LLP raised its position in shares of YRC Worldwide by 452.6% in the fourth quarter. Marshall Wace LLP now owns 513,700 shares of the company’s stock worth $7,284,000 after buying an additional 420,733 shares during the last quarter. Alambic Investment Management L.P. purchased a new position in shares of YRC Worldwide during the fourth quarter worth $1,105,000. California Public Employees Retirement System raised its position in shares of YRC Worldwide by 20.6% in the fourth quarter. California Public Employees Retirement System now owns 284,300 shares of the company’s stock worth $4,031,000 after buying an additional 48,500 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of YRC Worldwide by 119.2% in the fourth quarter. American Century Companies Inc. now owns 209,825 shares of the company’s stock worth $2,975,000 after buying an additional 114,110 shares during the last quarter.
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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