YRC Worldwide (YRCW) Shares Gap Down to $12.34

YRC Worldwide Inc (NASDAQ:YRCW) shares gapped down prior to trading on Monday . The stock had previously closed at $11.58, but opened at $12.34. YRC Worldwide shares last traded at $11.39, with a volume of 1418772 shares trading hands.

A number of research analysts recently commented on the company. Seaport Global Securities reissued a “neutral” rating on shares of YRC Worldwide in a report on Friday, February 2nd. BidaskClub downgraded YRC Worldwide from a “strong-buy” rating to a “buy” rating in a report on Monday. Zacks Investment Research reissued a “buy” rating and issued a $19.00 price target on shares of YRC Worldwide in a report on Saturday. ValuEngine downgraded YRC Worldwide from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $21.00 price target on shares of YRC Worldwide in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. YRC Worldwide currently has a consensus rating of “Buy” and a consensus target price of $18.00.

The firm has a market cap of $366.19, a P/E ratio of 84.04 and a beta of 3.86. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of -2.26.

YRC Worldwide (NASDAQ:YRCW) last announced its quarterly earnings data on Thursday, February 1st. The transportation company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.26). YRC Worldwide had a negative net margin of 0.22% and a negative return on equity of 1.26%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the company earned ($0.23) EPS. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. analysts forecast that YRC Worldwide Inc will post 1.3 earnings per share for the current year.

In other news, insider Justin M. Hall acquired 5,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were purchased at an average price of $11.09 per share, for a total transaction of $55,450.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James L. Welch sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $12.24, for a total value of $1,224,000.00. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in YRCW. First Quadrant L P CA acquired a new stake in YRC Worldwide during the third quarter valued at approximately $132,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in YRC Worldwide during the third quarter valued at approximately $150,000. Jane Street Group LLC acquired a new stake in YRC Worldwide during the third quarter valued at approximately $159,000. Boothbay Fund Management LLC acquired a new stake in YRC Worldwide during the third quarter valued at approximately $160,000. Finally, Teacher Retirement System of Texas acquired a new stake in YRC Worldwide during the fourth quarter valued at approximately $163,000. Hedge funds and other institutional investors own 84.55% of the company’s stock.

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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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