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.
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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