YRC Worldwide, Inc. (NASDAQ:YRCW) Lowered to “Hold” at BidaskClub
BidaskClub lowered shares of YRC Worldwide, Inc. (NASDAQ:YRCW) from a buy rating to a hold rating in a report published on Saturday morning.
YRCW has been the topic of several other reports. Zacks Investment Research lowered YRC Worldwide from a hold rating to a sell rating in a research report on Friday, April 21st. Deutsche Bank AG lowered their target price on YRC Worldwide from $18.00 to $11.00 and set a hold rating on the stock in a research note on Monday, May 8th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. YRC Worldwide currently has a consensus rating of Buy and an average price target of $15.75.
YRC Worldwide (NASDAQ:YRCW) traded up 3.23% during mid-day trading on Friday, hitting $12.78. The company had a trading volume of 1,816,476 shares. YRC Worldwide has a one year low of $7.36 and a one year high of $16.97. The company has a market cap of $428.51 million, a PE ratio of 52.81 and a beta of 3.74. The company’s 50 day moving average price is $11.56 and its 200-day moving average price is $11.44.
YRC Worldwide (NASDAQ:YRCW) last posted its quarterly earnings results on Thursday, August 3rd. The transportation company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.09. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.83 earnings per share. Equities research analysts anticipate that YRC Worldwide will post $0.78 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. Northpointe Capital LLC increased its position in shares of YRC Worldwide by 139.3% in the second quarter. Northpointe Capital LLC now owns 1,186,033 shares of the transportation company’s stock worth $13,189,000 after buying an additional 690,449 shares during the period. Vanguard Group Inc. increased its position in shares of YRC Worldwide by 29.7% in the first quarter. Vanguard Group Inc. now owns 2,174,693 shares of the transportation company’s stock worth $23,943,000 after buying an additional 497,565 shares during the period. Dimensional Fund Advisors LP increased its position in shares of YRC Worldwide by 31.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,297,173 shares of the transportation company’s stock worth $17,227,000 after buying an additional 309,931 shares during the period. FMR LLC increased its position in shares of YRC Worldwide by 31.3% in the first quarter. FMR LLC now owns 1,298,232 shares of the transportation company’s stock worth $14,294,000 after buying an additional 309,400 shares during the period. Finally, State Street Corp increased its position in shares of YRC Worldwide by 49.5% in the fourth quarter. State Street Corp now owns 872,885 shares of the transportation company’s stock worth $11,589,000 after buying an additional 288,946 shares during the period. Hedge funds and other institutional investors own 84.77% of the company’s stock.
About YRC Worldwide
YRC Worldwide Inc is a holding company. The Company, through its subsidiaries, offers its customers a range of transportation services. The Company operates through two segments: YRC Freight and Regional Transportation. The Company has less-than-truckload (LTL) networks in North America with local, regional, national and international capabilities.
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