YRC Worldwide (YRCW) Cut to Sell at Zacks Investment Research

YRC Worldwide (NASDAQ:YRCW) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued 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. “

YRCW has been the subject of a number of other reports. BidaskClub lowered YRC Worldwide from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 6th. ValuEngine cut YRC Worldwide from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Aegis restated a “buy” rating and issued a $20.00 price target on shares of YRC Worldwide in a research note on Saturday, September 16th. Stephens restated a “buy” rating and issued a $19.00 price target on shares of YRC Worldwide in a research note on Tuesday, January 2nd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $18.00 price target (down from $19.00) on shares of YRC Worldwide in a research note on Thursday, October 19th. Two analysts have rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.60.

YRC Worldwide (NASDAQ YRCW) traded down $0.17 during trading hours on Friday, reaching $15.55. The company had a trading volume of 388,996 shares, compared to its average volume of 561,455. The stock has a market capitalization of $521.21, a price-to-earnings ratio of -44.43 and a beta of 3.73. YRC Worldwide has a 52-week low of $7.36 and a 52-week high of $15.80. The company has a debt-to-equity ratio of -2.26, a quick ratio of 1.39 and a current ratio of 1.39.

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 stock was sold at an average price of $13.40, for a total value of $52,541.40. Following the sale, the director now directly owns 30,195 shares in the company, valued at $404,613. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Justin M. Hall purchased 5,000 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was acquired at an average price of $11.09 per share, for a total transaction of $55,450.00. The disclosure for this purchase can be found here. 3.70% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of YRCW. Formula Growth Ltd. increased its position in shares of YRC Worldwide by 277.4% during the second quarter. Formula Growth Ltd. now owns 1,000,000 shares of the transportation company’s stock worth $11,120,000 after purchasing an additional 735,000 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of YRC Worldwide during the third quarter worth about $6,280,000. Cooper Creek Partners Management LLC acquired a new stake in shares of YRC Worldwide during the second quarter worth about $3,516,000. Penn Capital Management Co. Inc. increased its position in shares of YRC Worldwide by 92.6% during the second quarter. Penn Capital Management Co. Inc. now owns 443,621 shares of the transportation company’s stock worth $4,933,000 after purchasing an additional 213,278 shares in the last quarter. Finally, 1060 Capital LLC acquired a new stake in shares of YRC Worldwide during the third quarter worth about $2,924,000. Institutional investors and hedge funds own 85.39% 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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