YRC Worldwide Inc (YRCW) Given Consensus Rating of “Hold” by Brokerages

Shares of YRC Worldwide Inc (NASDAQ:YRCW) have received a consensus rating of “Hold” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $16.33.

A number of equities analysts have commented on YRCW shares. Zacks Investment Research lowered YRC Worldwide from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 8th. ValuEngine lowered YRC Worldwide from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. BidaskClub upgraded YRC Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 15th. Aegis reiterated a “buy” rating and issued a $20.00 price target on shares of YRC Worldwide in a research note on Saturday, September 16th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $18.00 price target (down previously from $19.00) on shares of YRC Worldwide in a research note on Thursday, October 19th.

YRC Worldwide (YRCW) traded up $0.39 during trading on Monday, reaching $15.04. The company’s stock had a trading volume of 408,061 shares, compared to its average volume of 629,858. YRC Worldwide has a 12-month low of $7.36 and a 12-month high of $15.79. The company has a debt-to-equity ratio of -2.26, a quick ratio of 1.39 and a current ratio of 1.39.

In related news, CEO James L. Welch sold 100,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $12.24, for a total transaction of $1,224,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William Robert Davidson sold 3,921 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $13.40, for a total value of $52,541.40. Following the sale, the director now directly owns 30,195 shares in the company, valued at approximately $404,613. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in YRCW. Formula Growth Ltd. boosted its holdings in shares of YRC Worldwide by 277.4% during the 2nd quarter. Formula Growth Ltd. now owns 1,000,000 shares of the transportation company’s stock valued at $11,120,000 after acquiring an additional 735,000 shares in the last quarter. Vanguard Group Inc. lifted its holdings in YRC Worldwide by 29.7% during the 1st 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. Russell Investments Group Ltd. acquired a new position in YRC Worldwide during the 3rd quarter worth about $6,280,000. Cooper Creek Partners Management LLC acquired a new position in YRC Worldwide during the 2nd quarter worth about $3,516,000. Finally, Penn Capital Management Co. Inc. lifted its holdings in YRC Worldwide by 92.6% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 443,621 shares of the transportation company’s stock worth $4,933,000 after buying an additional 213,278 shares during the period. 85.39% of the stock is currently owned by institutional investors.

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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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