ValuEngine upgraded shares of YRC Worldwide (NASDAQ:YRCW) from a sell rating to a hold rating in a research report released on Thursday morning.

Several other equities analysts have also commented on YRCW. Zacks Investment Research upgraded shares of YRC Worldwide from a hold rating to a buy rating and set a $14.00 price objective on the stock in a report on Wednesday, October 18th. Stifel Nicolaus reaffirmed a buy rating and set a $18.00 target price (down from $19.00) on shares of YRC Worldwide in a research note on Thursday, October 19th. BidaskClub raised shares of YRC Worldwide from a hold rating to a buy rating in a research note on Saturday, December 2nd. Finally, Stephens reaffirmed a buy rating and set a $19.00 target price on shares of YRC Worldwide in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $17.20.

Shares of YRC Worldwide (NASDAQ YRCW) traded up $0.72 during mid-day trading on Thursday, hitting $17.01. 695,692 shares of the stock traded hands, compared to its average volume of 509,132. 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 52-week low of $7.36 and a 52-week high of $17.08. The firm has a market cap of $570.15, a price-to-earnings ratio of -48.60 and a beta of 3.73.

YRC Worldwide (NASDAQ:YRCW) last issued its quarterly earnings data on Thursday, November 2nd. The transportation company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.06). YRC Worldwide had a negative return on equity of 0.70% and a negative net margin of 0.22%. analysts forecast that YRC Worldwide will post 0.05 EPS for the current fiscal year.

In related news, Director William Robert Davidson sold 3,921 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $13.40, for a total transaction of $52,541.40. Following the sale, the director now directly owns 30,195 shares of the company’s stock, valued at approximately $404,613. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO James L. Welch sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $12.24, for a total transaction of $1,224,000.00. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Northpointe Capital LLC increased its stake in YRC Worldwide by 6.5% during the 3rd quarter. Northpointe Capital LLC now owns 1,263,554 shares of the transportation company’s stock worth $17,437,000 after buying an additional 77,521 shares during the period. Macquarie Group Ltd. purchased a new stake in shares of YRC Worldwide in the 3rd quarter valued at approximately $629,000. Russell Investments Group Ltd. purchased a new stake in shares of YRC Worldwide in the 3rd quarter valued at approximately $6,280,000. Vanguard Group Inc. increased its position in shares of YRC Worldwide by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 2,274,046 shares of the transportation company’s stock valued at $25,287,000 after purchasing an additional 99,353 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of YRC Worldwide by 82.5% in the 2nd quarter. Alliancebernstein L.P. now owns 33,620 shares of the transportation company’s stock valued at $374,000 after purchasing an additional 15,200 shares during the last quarter. 85.39% of the stock is currently owned by hedge funds and other institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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