ValuEngine Upgrades YRC Worldwide (YRCW) to “Hold”
ValuEngine upgraded shares of YRC Worldwide (NASDAQ:YRCW) from a sell rating to a hold rating in a research report released on Thursday morning.
YRCW has been the topic of several other reports. BidaskClub raised YRC Worldwide from a buy rating to a strong-buy rating in a report on Saturday, January 13th. Zacks Investment Research cut YRC Worldwide from a hold rating to a strong sell rating in a report on Wednesday, November 8th. Stephens restated a buy rating and set a $19.00 price target on shares of YRC Worldwide in a report on Tuesday, January 2nd. Finally, Stifel Nicolaus restated a buy rating and set a $18.00 price target (down previously from $19.00) on shares of YRC Worldwide in a report on Thursday, October 19th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. YRC Worldwide has a consensus rating of Buy and an average target price of $17.60.
Shares of YRC Worldwide (NASDAQ:YRCW) opened at $17.01 on Thursday. The stock has a market capitalization of $570.15, a P/E ratio of -48.60 and a beta of 3.73. YRC Worldwide has a twelve month low of $7.36 and a twelve month high of $17.08. 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 YRC Worldwide news, CEO James L. Welch sold 100,000 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $12.24, for a total value of $1,224,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William Robert Davidson sold 3,921 shares of the company’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 in the company, valued at approximately $404,613. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. First Quadrant L P CA bought a new position in YRC Worldwide in the 3rd quarter valued at $132,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in YRC Worldwide in the 3rd quarter valued at $150,000. Jane Street Group LLC bought a new position in YRC Worldwide in the 3rd quarter valued at $159,000. Boothbay Fund Management LLC bought a new position in YRC Worldwide in the 3rd quarter valued at $160,000. Finally, Voya Investment Management LLC grew its position in YRC Worldwide by 18.7% in the 2nd quarter. Voya Investment Management LLC now owns 17,288 shares of the transportation company’s stock valued at $192,000 after acquiring an additional 2,720 shares during the last quarter. 85.39% of the stock is currently owned by institutional investors.
YRC Worldwide Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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