YRC Worldwide (YRCW) Shares Down 7.5%

YRC Worldwide Inc (NASDAQ:YRCW)’s share price was down 7.5% during trading on Monday . The stock traded as low as $7.38 and last traded at $7.55. Approximately 1,187,341 shares traded hands during mid-day trading, an increase of 13% from the average daily volume of 1,049,024 shares. The stock had previously closed at $8.16.

YRCW has been the topic of several research reports. ValuEngine upgraded shares of YRC Worldwide from a “strong sell” rating to a “sell” rating in a report on Monday, January 7th. TheStreet raised YRC Worldwide from a “d” rating to a “c-” rating in a research report on Friday, February 1st. BidaskClub downgraded YRC Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Stephens set a $5.00 target price on YRC Worldwide and gave the company a “hold” rating in a research report on Friday, March 22nd. Finally, Zacks Investment Research raised YRC Worldwide from a “strong sell” rating to a “hold” rating in a research report on Saturday, January 19th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $9.00.

The company has a market cap of $270.72 million, a PE ratio of 17.60 and a beta of 4.75.

YRC Worldwide (NASDAQ:YRCW) last released its quarterly earnings data on Thursday, January 31st. The transportation company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.59. YRC Worldwide had a negative return on equity of 1.93% and a net margin of 0.48%. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.24 billion. As a group, analysts forecast that YRC Worldwide Inc will post 0.75 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in YRCW. AQR Capital Management LLC increased its stake in YRC Worldwide by 32.5% during the 3rd quarter. AQR Capital Management LLC now owns 55,160 shares of the transportation company’s stock valued at $495,000 after purchasing an additional 13,519 shares in the last quarter. Boston Partners grew its position in YRC Worldwide by 68.9% during the fourth quarter. Boston Partners now owns 1,664,388 shares of the transportation company’s stock valued at $5,243,000 after buying an additional 678,706 shares during the period. Alambic Investment Management L.P. grew its position in YRC Worldwide by 3,366.7% during the fourth quarter. Alambic Investment Management L.P. now owns 695,767 shares of the transportation company’s stock valued at $2,192,000 after buying an additional 675,697 shares during the period. IndexIQ Advisors LLC grew its position in YRC Worldwide by 3.9% during the third quarter. IndexIQ Advisors LLC now owns 257,446 shares of the transportation company’s stock valued at $2,312,000 after buying an additional 9,723 shares during the period. Finally, Stone Ridge Asset Management LLC bought a new stake in YRC Worldwide during the fourth quarter valued at approximately $52,000. Institutional investors own 71.75% of the company’s stock.

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YRC Worldwide Company Profile (NASDAQ:YRCW)

YRC Worldwide Inc, through its subsidiaries, provides various transportation services primarily in North America. Its YRC Freight segment offers various services to transport industrial, commercial, and retail goods; and provides specialized services, including guaranteed expedited services, time-specific deliveries, cross-border services, coast-to-coast air delivery, product returns, temperature-sensitive shipment protection, and government material shipments.

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