YRC Worldwide (YRCW) Upgraded at BidaskClub

YRC Worldwide (NASDAQ:YRCW) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Saturday.

A number of other research analysts have also weighed in on the stock. ValuEngine lowered shares of YRC Worldwide from a “hold” rating to a “sell” rating in a research note on Friday. Zacks Investment Research lowered shares of YRC Worldwide from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 8th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $18.00 price target (down previously from $19.00) on shares of YRC Worldwide in a research note on Thursday, October 19th. Finally, Aegis reaffirmed a “buy” rating and issued a $20.00 price target on shares of YRC Worldwide in a research note on Saturday, September 16th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. YRC Worldwide presently has a consensus rating of “Hold” and a consensus price target of $16.00.

Shares of YRC Worldwide (YRCW) traded up $0.10 on Friday, reaching $12.42. 1,142,272 shares of the company’s stock were exchanged, compared to its average volume of 818,424. The company has a debt-to-equity ratio of -2.26, a quick ratio of 1.39 and a current ratio of 1.39. YRC Worldwide has a 1 year low of $7.36 and a 1 year high of $16.97.

In other news, Director William Robert Davidson sold 3,921 shares of the business’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 sale, the director now owns 30,195 shares of the company’s stock, valued at $404,613. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Justin M. Hall acquired 5,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was acquired at an average cost of $11.09 per share, for a total transaction of $55,450.00. The disclosure for this purchase can be found here. Insiders own 3.70% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. First Quadrant L P CA bought a new stake in YRC Worldwide during the third quarter worth $132,000. Quantbot Technologies LP bought a new stake in YRC Worldwide during the third quarter worth $128,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in YRC Worldwide during the third quarter worth $150,000. Jane Street Group LLC bought a new stake in YRC Worldwide during the third quarter worth $159,000. Finally, Boothbay Fund Management LLC bought a new stake in YRC Worldwide during the third quarter worth $160,000. 85.28% of the stock is currently owned by institutional investors and hedge funds.

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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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