Zacks Investment Research lowered shares of YRC Worldwide, Inc. (NASDAQ:YRCW) from a hold rating to a strong sell rating in a report issued on Wednesday.

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. “

A number of other analysts have also commented on the company. Stifel Nicolaus reiterated a buy rating and issued a $18.00 price objective (up from $16.00) on shares of YRC Worldwide in a research report on Friday, August 4th. BidaskClub lowered YRC Worldwide from a hold rating to a sell rating in a research report on Saturday, August 19th. ValuEngine lowered YRC Worldwide from a hold rating to a sell rating in a research report on Thursday, October 26th. Finally, Aegis reiterated a buy rating and issued a $20.00 price objective on shares of YRC Worldwide in a research report on Saturday, September 16th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. YRC Worldwide has an average rating of Hold and a consensus target price of $16.00.

YRC Worldwide (NASDAQ YRCW) traded down $0.98 during trading on Wednesday, hitting $12.10. The company had a trading volume of 1,409,862 shares, compared to its average volume of 718,718. The company has a debt-to-equity ratio of -2.26, a current ratio of 1.39 and a quick ratio of 1.39. YRC Worldwide has a fifty-two week low of $7.36 and a fifty-two week high of $16.97.

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In other news, Director William Robert Davidson sold 3,921 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $13.40, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.70% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN grew its position in shares of YRC Worldwide by 18.8% during the 3rd quarter. Wells Fargo & Company MN now owns 76,309 shares of the transportation company’s stock worth $1,054,000 after buying an additional 12,064 shares during the period. 1492 Capital Management LLC grew its position in shares of YRC Worldwide by 28.1% during the 3rd quarter. 1492 Capital Management LLC now owns 95,681 shares of the transportation company’s stock worth $1,320,000 after buying an additional 20,969 shares during the period. JPMorgan Chase & Co. grew its position in shares of YRC Worldwide by 4.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,599,152 shares of the transportation company’s stock worth $21,461,000 after buying an additional 67,132 shares during the period. 1060 Capital LLC acquired a new position in shares of YRC Worldwide during the 3rd quarter worth about $2,924,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of YRC Worldwide during the 3rd quarter worth about $1,082,000. Institutional investors own 84.15% of the company’s stock.

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.

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