YRC Worldwide (YRCW) Shares Down 5.6%

YRC Worldwide Inc (NASDAQ:YRCW) dropped 5.6% on Thursday . The company traded as low as $5.69 and last traded at $5.72. Approximately 1,191,959 shares traded hands during trading, an increase of 69% from the average daily volume of 706,994 shares. The stock had previously closed at $6.06.

YRCW has been the topic of a number of research reports. Stifel Nicolaus lowered shares of YRC Worldwide from a “buy” rating to a “hold” rating and set a $7.00 target price on the stock. in a report on Friday, November 9th. Loop Capital started coverage on shares of YRC Worldwide in a research report on Monday, October 1st. They issued a “buy” rating and a $18.00 price target on the stock. ValuEngine upgraded shares of YRC Worldwide from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 21st. BidaskClub downgraded shares of YRC Worldwide from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 25th. Finally, Deutsche Bank upgraded shares of YRC Worldwide from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Tuesday, August 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $15.20.

The stock has a market capitalization of $193.61 million, a PE ratio of 37.73 and a beta of 3.76.

YRC Worldwide (NASDAQ:YRCW) last issued its quarterly earnings results on Thursday, November 1st. The transportation company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.42). The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. YRC Worldwide had a negative return on equity of 1.64% and a negative net margin of 0.09%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 EPS. As a group, sell-side analysts forecast that YRC Worldwide Inc will post 0.48 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. lifted its position in shares of YRC Worldwide by 9.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,895,937 shares of the transportation company’s stock worth $26,007,000 after purchasing an additional 239,034 shares during the period. BlackRock Inc. lifted its position in shares of YRC Worldwide by 5.2% during the 2nd quarter. BlackRock Inc. now owns 2,329,945 shares of the transportation company’s stock valued at $23,415,000 after acquiring an additional 116,023 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of YRC Worldwide by 3.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,689,826 shares of the transportation company’s stock valued at $15,175,000 after acquiring an additional 61,048 shares during the period. Rothschild Asset Management Inc. lifted its position in shares of YRC Worldwide by 13.7% during the 2nd quarter. Rothschild Asset Management Inc. now owns 602,531 shares of the transportation company’s stock valued at $6,055,000 after acquiring an additional 72,667 shares during the period. Finally, Formula Growth Ltd. lifted its position in shares of YRC Worldwide by 300.0% during the 2nd quarter. Formula Growth Ltd. now owns 600,000 shares of the transportation company’s stock valued at $6,030,000 after acquiring an additional 450,000 shares during the period. Hedge funds and other institutional investors own 79.13% of the company’s stock.

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YRC Worldwide Company Profile (NASDAQ:YRCW)

YRC Worldwide Inc, through its subsidiaries, provides various transportation services primarily in North America. Its YRC Freight segment offers various services to transport industrial, commercial, and retail goods; and provides specialized services, including guaranteed expedited services, time-specific deliveries, cross-border services, coast-to-coast air delivery, product returns, temperature-sensitive shipment protection, and government material shipments.

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