YRC Worldwide, Inc. (YRCW) Downgraded to Strong Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of YRC Worldwide, Inc. (NASDAQ:YRCW) from a hold rating to a strong sell rating in a research report sent to investors on Wednesday, November 8th.

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. “

A number of other research analysts have also issued reports on YRCW. BidaskClub lowered YRC Worldwide from a buy rating to a hold rating in a research report on Saturday, August 5th. Stifel Nicolaus reiterated a buy rating and set a $18.00 target price (up previously from $16.00) on shares of YRC Worldwide in a research report on Friday, August 4th. ValuEngine lowered YRC Worldwide from a hold rating to a sell rating in a research report on Thursday, October 26th. Finally, Aegis restated a buy rating and issued a $20.00 price objective on shares of YRC Worldwide in a report on Saturday, September 16th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $16.00.

Shares of YRC Worldwide (NASDAQ:YRCW) traded down $0.29 during trading hours on Wednesday, hitting $11.49. The stock had a trading volume of 658,080 shares, compared to its average volume of 722,465. YRC Worldwide has a 52-week low of $7.36 and a 52-week high of $16.97. The company has a debt-to-equity ratio of -2.26, a quick ratio of 1.39 and a current ratio of 1.39.

In other YRC Worldwide news, CEO James L. Welch sold 100,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $12.24, for a total value of $1,224,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Justin M. Hall bought 5,000 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was bought at an average cost of $11.09 per share, with a total value of $55,450.00. The disclosure for this purchase can be found here. Company insiders own 3.70% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. First Quadrant L P CA acquired a new stake in shares of YRC Worldwide in the 3rd quarter worth $132,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of YRC Worldwide in the 3rd quarter worth $150,000. Jane Street Group LLC acquired a new stake in shares of YRC Worldwide in the 3rd quarter worth $159,000. Boothbay Fund Management LLC acquired a new stake in shares of YRC Worldwide in the 3rd quarter worth $160,000. Finally, Marshall Wace North America L.P. acquired a new stake in shares of YRC Worldwide during the 2nd quarter worth about $168,000. 86.49% of the stock is owned by institutional investors and hedge funds.

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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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