YRC Worldwide, Inc. (NASDAQ:YRCW) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research 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. “
Several other research analysts also recently commented on the stock. ValuEngine downgraded shares of YRC Worldwide from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Stifel Nicolaus reiterated a “buy” rating and issued a $18.00 target price (down previously from $19.00) on shares of YRC Worldwide in a report on Thursday, October 19th. Aegis reiterated a “buy” rating and issued a $20.00 target price on shares of YRC Worldwide in a report on Saturday, September 16th. Finally, BidaskClub downgraded shares of YRC Worldwide from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $16.00.
Shares of YRC Worldwide (NASDAQ YRCW) traded down $0.28 on Wednesday, reaching $13.25. 266,897 shares of the company traded hands, compared to its average volume of 717,519. YRC Worldwide has a 12-month low of $7.36 and a 12-month high of $16.97. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of -2.26.
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Large investors have recently bought and sold shares of the company. First Quadrant L P CA bought a new position in shares of YRC Worldwide during the 3rd quarter worth about $132,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of YRC Worldwide during the 3rd quarter worth about $150,000. Marshall Wace North America L.P. bought a new position in shares of YRC Worldwide during the 2nd quarter worth about $168,000. Prudential Financial Inc. bought a new position in shares of YRC Worldwide during the 1st quarter worth about $177,000. Finally, Voya Investment Management LLC increased its stake in YRC Worldwide by 18.7% in the second quarter. Voya Investment Management LLC now owns 17,288 shares of the transportation company’s stock valued at $192,000 after acquiring an additional 2,720 shares during the period. Institutional investors own 84.15% of the company’s stock.
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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