Bank of New York Mellon Corp Has $2.21 Million Stake in YRC Worldwide, Inc. (NASDAQ:YRCW)
Bank of New York Mellon Corp increased its position in YRC Worldwide, Inc. (NASDAQ:YRCW) by 13.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 201,058 shares of the transportation company’s stock after buying an additional 23,882 shares during the period. Bank of New York Mellon Corp owned about 0.61% of YRC Worldwide worth $2,214,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of YRCW. Dimensional Fund Advisors LP boosted its stake in shares of YRC Worldwide by 31.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,297,173 shares of the transportation company’s stock worth $17,227,000 after buying an additional 309,931 shares in the last quarter. FMR LLC boosted its stake in shares of YRC Worldwide by 499.7% in the fourth quarter. FMR LLC now owns 988,832 shares of the transportation company’s stock worth $13,132,000 after buying an additional 823,934 shares in the last quarter. State Street Corp boosted its stake in shares of YRC Worldwide by 49.5% in the fourth quarter. State Street Corp now owns 872,885 shares of the transportation company’s stock worth $11,589,000 after buying an additional 288,946 shares in the last quarter. Northpointe Capital LLC bought a new stake in shares of YRC Worldwide during the first quarter worth approximately $5,456,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of YRC Worldwide during the first quarter worth approximately $1,589,000. 85.17% of the stock is currently owned by hedge funds and other institutional investors.
Shares of YRC Worldwide, Inc. (NASDAQ:YRCW) opened at 12.33 on Thursday. The stock has a 50 day moving average price of $10.81 and a 200-day moving average price of $11.49. YRC Worldwide, Inc. has a 12 month low of $7.36 and a 12 month high of $16.97. The company has a market capitalization of $413.42 million, a PE ratio of 50.95 and a beta of 3.71.
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YRCW has been the topic of a number of analyst reports. Zacks Investment Research raised YRC Worldwide from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. Deutsche Bank AG dropped their price target on YRC Worldwide from $18.00 to $11.00 and set a “hold” rating on the stock in a research report on Monday, May 8th. Finally, BidaskClub raised YRC Worldwide from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. YRC Worldwide has a consensus rating of “Buy” and a consensus price target of $15.75.
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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