TIAA CREF Investment Management LLC Reduces Position in YRC Worldwide, Inc. (YRCW)
TIAA CREF Investment Management LLC cut its position in shares of YRC Worldwide, Inc. (NASDAQ:YRCW) by 11.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 174,128 shares of the transportation company’s stock after selling 22,477 shares during the period. TIAA CREF Investment Management LLC owned about 0.52% of YRC Worldwide worth $1,917,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. State Street Corp increased its stake 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 in the last quarter. Dimensional Fund Advisors LP increased its stake 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 in the last quarter. Guggenheim Capital LLC bought a new stake in shares of YRC Worldwide during the fourth quarter worth about $252,000. Northpointe Capital LLC bought a new stake in shares of YRC Worldwide during the first quarter worth about $5,456,000. Finally, Strs Ohio bought a new stake in shares of YRC Worldwide during the first quarter worth about $164,000. Institutional investors own 85.11% of the company’s stock.
YRC Worldwide, Inc. (YRCW) opened at 12.44 on Tuesday. The firm has a 50 day moving average of $11.56 and a 200-day moving average of $11.44. YRC Worldwide, Inc. has a 52 week low of $7.36 and a 52 week high of $16.97. The stock has a market capitalization of $417.11 million, a PE ratio of 51.40 and a beta of 3.74.
YRC Worldwide (NASDAQ:YRCW) last issued its earnings results on Thursday, August 3rd. The transportation company reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.09. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. YRC Worldwide’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company earned $0.83 earnings per share. On average, equities analysts predict that YRC Worldwide, Inc. will post $0.82 EPS for the current year.
YRCW has been the topic of a number of research reports. Zacks Investment Research upgraded shares of YRC Worldwide from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Deutsche Bank AG dropped their price objective on shares of YRC Worldwide from $18.00 to $11.00 and set a “hold” rating for the company in a research note on Monday, May 8th. BidaskClub raised shares of YRC Worldwide from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Finally, Stifel Nicolaus reissued a “buy” rating on shares of YRC Worldwide in a research note on Friday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. YRC Worldwide presently has a consensus rating of “Buy” and an average price target of $15.75.
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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