Alliancebernstein L.P. maintained its stake in YRC Worldwide, Inc. (NASDAQ:YRCW) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,420 shares of the transportation company’s stock at the end of the first quarter. Alliancebernstein L.P. owned approximately 0.05% of YRC Worldwide worth $203,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. Deprince Race & Zollo Inc. acquired a new stake in YRC Worldwide during the first quarter valued at approximately $143,000. Strs Ohio purchased a new stake in YRC Worldwide during the first quarter worth about $164,000. Prudential Financial Inc. purchased a new stake in YRC Worldwide during the first quarter worth about $177,000. Guggenheim Capital LLC purchased a new stake in YRC Worldwide during the fourth quarter worth about $252,000. Finally, American International Group Inc. increased its stake in YRC Worldwide by 7.1% in the first quarter. American International Group Inc. now owns 20,045 shares of the transportation company’s stock worth $221,000 after buying an additional 1,327 shares in the last quarter. Institutional investors own 87.51% of the company’s stock.
YRC Worldwide, Inc. (NASDAQ:YRCW) traded up 0.34% on Friday, hitting $11.82. The stock had a trading volume of 41,941 shares. YRC Worldwide, Inc. has a 12 month low of $7.36 and a 12 month high of $16.97. The stock has a market cap of $396.35 million, a P/E ratio of 3940.00 and a beta of 3.74. The company’s 50 day moving average is $12.26 and its 200-day moving average is $11.33.
YRC Worldwide (NASDAQ:YRCW) last posted its earnings results on Thursday, August 3rd. The transportation company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.48 by $0.09. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. The firm’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the business earned $0.83 earnings per share. Analysts forecast that YRC Worldwide, Inc. will post $0.82 EPS for the current year.
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A number of equities research analysts have issued reports on YRCW shares. BidaskClub downgraded YRC Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Deutsche Bank AG cut their price target on YRC Worldwide from $18.00 to $11.00 and set a “hold” rating for the company in a research note on Monday, May 8th. Zacks Investment Research upgraded YRC Worldwide from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Thursday, July 13th. Finally, Stifel Nicolaus restated a “buy” rating and set a $18.00 price target (up from $16.00) on shares of YRC Worldwide in a research note on Friday, August 4th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. YRC Worldwide currently has an average rating of “Buy” and a consensus target price of $15.75.
YRC Worldwide Company Profile
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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