YRC Worldwide Inc (YRCW) Position Lessened by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its position in shares of YRC Worldwide Inc (NASDAQ:YRCW) by 4.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 195,170 shares of the transportation company’s stock after selling 9,110 shares during the period. Bank of New York Mellon Corp’s holdings in YRC Worldwide were worth $2,693,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Teachers Advisors LLC lifted its stake in shares of YRC Worldwide by 1.0% during the second quarter. Teachers Advisors LLC now owns 62,884 shares of the transportation company’s stock valued at $699,000 after buying an additional 593 shares during the period. Rhumbline Advisers lifted its stake in shares of YRC Worldwide by 2.2% during the second quarter. Rhumbline Advisers now owns 39,456 shares of the transportation company’s stock valued at $439,000 after buying an additional 850 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of YRC Worldwide by 6.6% during the second quarter. The Manufacturers Life Insurance Company now owns 27,120 shares of the transportation company’s stock valued at $302,000 after buying an additional 1,681 shares during the period. Voya Investment Management LLC lifted its stake in shares of YRC Worldwide by 18.7% during the second quarter. Voya Investment Management LLC now owns 17,288 shares of the transportation company’s stock valued at $192,000 after buying an additional 2,720 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of YRC Worldwide by 1.3% during the second quarter. American Century Companies Inc. now owns 251,800 shares of the transportation company’s stock valued at $2,800,000 after buying an additional 3,297 shares during the period. 85.39% of the stock is currently owned by institutional investors and hedge funds.

YRC Worldwide Inc (NASDAQ YRCW) opened at $14.35 on Friday. The company has a debt-to-equity ratio of -2.26, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market cap of $475.68, a P/E ratio of -41.00 and a beta of 3.73. YRC Worldwide Inc has a one year low of $7.36 and a one year high of $15.79.

Several equities analysts recently issued reports on the stock. BidaskClub downgraded shares of YRC Worldwide from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Stifel Nicolaus reissued a “buy” rating and set a $18.00 price objective (down previously from $19.00) on shares of YRC Worldwide in a research note on Thursday, October 19th. Aegis reissued a “buy” rating and set a $20.00 price objective on shares of YRC Worldwide in a research note on Saturday, September 16th. ValuEngine downgraded shares of YRC Worldwide from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Finally, Zacks Investment Research raised shares of YRC Worldwide from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $16.60.

In other YRC Worldwide news, Director William Robert Davidson sold 3,921 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $13.40, for a total transaction of $52,541.40. Following the transaction, the director now owns 30,195 shares of the company’s stock, valued at $404,613. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Justin M. Hall purchased 5,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were bought at an average cost of $11.09 per share, for a total transaction of $55,450.00. The disclosure for this purchase can be found here. Company insiders own 3.70% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “YRC Worldwide Inc (YRCW) Position Lessened by Bank of New York Mellon Corp” was published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.com-unik.info/2018/01/07/yrc-worldwide-inc-yrcw-position-lessened-by-bank-of-new-york-mellon-corp.html.

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.

Want to see what other hedge funds are holding YRCW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for YRC Worldwide Inc (NASDAQ:YRCW).

Institutional Ownership by Quarter for YRC Worldwide (NASDAQ:YRCW)

Receive News & Ratings for YRC Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YRC Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit