YRC Worldwide (YRCW) Upgraded to “Strong-Buy” at BidaskClub

YRC Worldwide (NASDAQ:YRCW) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

YRCW has been the topic of a number of other research reports. Zacks Investment Research downgraded YRC Worldwide from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 8th. ValuEngine downgraded YRC Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Aegis reiterated a “buy” rating and issued a $20.00 price objective on shares of YRC Worldwide in a research report on Saturday, September 16th. Stephens reiterated a “buy” rating and issued a $19.00 price objective on shares of YRC Worldwide in a research report on Tuesday, January 2nd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $18.00 price objective (down previously from $19.00) on shares of YRC Worldwide in a research report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $16.60.

Shares of YRC Worldwide (NASDAQ YRCW) opened at $15.55 on Friday. The company has a debt-to-equity ratio of -2.26, a current ratio of 1.39 and a quick ratio of 1.39. YRC Worldwide has a 12-month low of $7.36 and a 12-month high of $15.80. The stock has a market capitalization of $521.21, a price-to-earnings ratio of -44.43 and a beta of 3.73.

In other news, insider Justin M. Hall purchased 5,000 shares of the stock in a transaction on Thursday, November 16th. The shares were acquired at an average price of $11.09 per share, for a total transaction of $55,450.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William Robert Davidson sold 3,921 shares of the firm’s stock in a transaction dated 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 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.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP raised its position in YRC Worldwide by 230.3% during the third quarter. GSA Capital Partners LLP now owns 79,294 shares of the transportation company’s stock valued at $1,094,000 after purchasing an additional 55,284 shares in the last quarter. Algert Global LLC grew its stake in shares of YRC Worldwide by 88.7% during the third quarter. Algert Global LLC now owns 220,818 shares of the transportation company’s stock valued at $3,047,000 after buying an additional 103,804 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of YRC Worldwide by 7.2% during the third quarter. California Public Employees Retirement System now owns 143,892 shares of the transportation company’s stock valued at $1,986,000 after buying an additional 9,692 shares during the last quarter. Highbridge Capital Management LLC bought a new position in shares of YRC Worldwide during the third quarter valued at about $958,000. Finally, Jane Street Group LLC bought a new position in shares of YRC Worldwide during the third quarter valued at about $159,000. Institutional investors and hedge funds own 85.39% of the company’s stock.

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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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