YRC Worldwide Inc. (YRCW) Shares Down 3.4%
Shares of YRC Worldwide Inc. (NASDAQ:YRCW) were down 3.4% on Tuesday . The company traded as low as $12.05 and last traded at $12.09, with a volume of 276,069 shares trading hands. The stock had previously closed at $12.52.
A number of analysts recently weighed in on YRCW shares. Standpoint Research reissued a “buy” rating on shares of YRC Worldwide in a research note on Wednesday, July 27th. Deutsche Bank AG set a $13.00 price objective on shares of YRC Worldwide and gave the stock a “buy” rating in a research note on Thursday, July 21st. Stifel Nicolaus reaffirmed a “buy” rating and set a $14.00 price objective on shares of YRC Worldwide in a research note on Monday, June 27th. Finally, Zacks Investment Research raised shares of YRC Worldwide from a “sell” rating to a “hold” rating in a research note on Saturday, July 30th.
The firm has a 50 day moving average of $10.08 and a 200 day moving average of $9.24. The stock has a market cap of $402.69 million and a PE ratio of 34.38.
YRC Worldwide (NASDAQ:YRCW) last posted its 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. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.80 EPS. Equities analysts predict that YRC Worldwide Inc. will post $0.92 EPS for the current fiscal year.
In other news, 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 transaction of $219,004.64. Following the completion of the sale, the insider now owns 55,382 shares in the company, valued at approximately $641,877.38. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Other hedge funds recently bought and sold shares of the company. California Public Employees Retirement System boosted its stake in 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 in the last quarter. Dimensional Fund Advisors LP boosted its stake in 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 in the last quarter. Finally, Marshall Wace LLP boosted its stake in 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 in 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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