YRC Worldwide (YRCW) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of YRC Worldwide (NASDAQ:YRCW) from a hold rating to a sell rating in a report released on Saturday.

According to Zacks, “YRC Worldwide Inc., headquartered in Overland Park, Kan., is the holding company for a portfolio of less-than-truckload (LTL) companies including YRC Freight, YRC Reimer, Holland, Reddaway, and New Penn. Collectively, YRC Worldwide companies have one of the largest, most comprehensive LTL networks in North America with local, regional, national and international capabilities. “

Several other research analysts also recently commented on the stock. ValuEngine downgraded shares of YRC Worldwide from a hold rating to a sell rating in a report on Friday, December 1st. Stifel Nicolaus reaffirmed a buy rating and issued a $18.00 price objective (down from $19.00) on shares of YRC Worldwide in a report on Thursday, October 19th. BidaskClub raised shares of YRC Worldwide from a buy rating to a strong-buy rating in a report on Friday, December 15th. Aegis reaffirmed a buy rating and issued a $20.00 price objective on shares of YRC Worldwide in a report on Saturday, September 16th. Finally, Stephens reaffirmed a buy rating and issued a $19.00 price objective on shares of YRC Worldwide in a report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $16.60.

YRC Worldwide (YRCW) traded down $0.17 on Friday, reaching $15.55. 388,996 shares of the company traded hands, compared to its average volume of 391,238. YRC Worldwide has a 52 week low of $7.36 and a 52 week high of $15.80. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of -2.26.

In other YRC Worldwide news, 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 completion of the transaction, the director now directly owns 30,195 shares of the company’s stock, valued at approximately $404,613. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 stock was purchased at an average cost of $11.09 per share, with a total value of $55,450.00. The disclosure for this purchase can be found here. 3.70% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in YRCW. Formula Growth Ltd. lifted 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 worth $11,120,000 after acquiring an additional 735,000 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of YRC Worldwide during the 3rd quarter worth $6,280,000. Cooper Creek Partners Management LLC bought a new stake in shares of YRC Worldwide during the 2nd quarter worth $3,516,000. Penn Capital Management Co. Inc. lifted its holdings in shares of 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 acquiring an additional 213,278 shares during the last quarter. Finally, 1060 Capital LLC bought a new stake in shares of YRC Worldwide during the 3rd quarter worth $2,924,000. 85.39% of the stock is owned by hedge funds and other 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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