YRC Worldwide (YRCW) Lowered to “Buy” at BidaskClub

YRC Worldwide (NASDAQ:YRCW) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

Other equities research analysts also recently issued reports about the stock. Stephens reissued a “buy” rating and set a $19.00 target price on shares of YRC Worldwide in a research report on Tuesday. Zacks Investment Research raised shares of YRC Worldwide from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Wednesday, October 25th. Stifel Nicolaus reissued a “buy” rating and set a $18.00 target price (down from $19.00) on shares of YRC Worldwide in a research report on Thursday, October 19th. Aegis reissued a “buy” rating and set a $20.00 target price on shares of YRC Worldwide in a research report on Saturday, September 16th. Finally, ValuEngine downgraded shares of YRC Worldwide from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $16.60.

YRC Worldwide (NASDAQ:YRCW) traded down $0.16 on Friday, reaching $14.35. 318,813 shares of the company’s stock traded hands, compared to its average volume of 391,068. YRC Worldwide has a 12-month low of $7.36 and a 12-month high of $15.79. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of -2.26. The company has a market capitalization of $486.35, a P/E ratio of -41.00 and a beta of 3.73.

In other YRC Worldwide news, CEO James L. Welch sold 100,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $12.24, for a total value of $1,224,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Justin M. Hall bought 5,000 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was bought 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 currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in YRC Worldwide by 4.6% in the second quarter. Vanguard Group Inc. now owns 2,274,046 shares of the transportation company’s stock valued at $25,287,000 after acquiring an additional 99,353 shares during the last quarter. JPMorgan Chase & Co. lifted its stake 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 valued at $21,461,000 after buying an additional 67,132 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of YRC Worldwide by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,596,476 shares of the transportation company’s stock valued at $22,031,000 after buying an additional 13,354 shares in the last quarter. Northpointe Capital LLC lifted its stake in shares of YRC Worldwide by 6.5% during the 3rd quarter. Northpointe Capital LLC now owns 1,263,554 shares of the transportation company’s stock valued at $17,437,000 after buying an additional 77,521 shares in the last quarter. Finally, Formula Growth Ltd. lifted its stake in shares of YRC Worldwide by 277.4% during the 2nd quarter. Formula Growth Ltd. now owns 1,000,000 shares of the transportation company’s stock valued at $11,120,000 after buying an additional 735,000 shares in the last quarter. Hedge funds and other institutional investors own 85.39% of the company’s stock.

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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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