YRC Worldwide (YRCW) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of YRC Worldwide (NASDAQ:YRCW) from a hold rating to a strong sell rating in a research report released on Friday.

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. “

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Several other brokerages have also recently issued reports on YRCW. Stifel Nicolaus reaffirmed a buy rating and set a $21.00 price objective on shares of YRC Worldwide in a research note on Thursday, January 18th. BidaskClub cut shares of YRC Worldwide from a strong-buy rating to a buy rating in a research note on Monday, February 5th. Stephens reissued a buy rating and issued a $19.00 price target on shares of YRC Worldwide in a research note on Tuesday, January 2nd. ValuEngine cut shares of YRC Worldwide from a hold rating to a sell rating in a research note on Friday, December 1st. Finally, Seaport Global Securities reissued a neutral rating on shares of YRC Worldwide in a research note on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. YRC Worldwide presently has an average rating of Hold and a consensus target price of $18.00.

Shares of NASDAQ YRCW opened at $8.83 on Friday. YRC Worldwide has a 12-month low of $7.36 and a 12-month high of $17.61. The stock has a market cap of $299.06, a P/E ratio of 58.87 and a beta of 4.19. The company has a debt-to-equity ratio of -2.48, a current ratio of 1.29 and a quick ratio of 1.29.

YRC Worldwide (NASDAQ:YRCW) last announced its quarterly earnings data on Thursday, February 1st. The transportation company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.26). YRC Worldwide had a negative net margin of 0.22% and a negative return on equity of 1.31%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the company posted ($0.23) EPS. The firm’s revenue was up 5.3% on a year-over-year basis. equities analysts forecast that YRC Worldwide will post 0.91 earnings per share for the current year.

In other news, insider Scott D. Ware sold 14,000 shares of the stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $8.61, for a total value of $120,540.00. Following the completion of the sale, the insider now owns 39,095 shares of the company’s stock, valued at approximately $336,607.95. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 4.70% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its holdings in shares of YRC Worldwide by 6.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,120 shares of the transportation company’s stock worth $302,000 after acquiring an additional 1,681 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of YRC Worldwide in the 3rd quarter worth approximately $150,000. Russell Investments Group Ltd. acquired a new position in shares of YRC Worldwide in the 3rd quarter worth approximately $6,280,000. SG Americas Securities LLC lifted its holdings in shares of YRC Worldwide by 112.8% in the 3rd quarter. SG Americas Securities LLC now owns 26,172 shares of the transportation company’s stock worth $361,000 after acquiring an additional 13,871 shares during the last quarter. Finally, Macquarie Group Ltd. acquired a new position in shares of YRC Worldwide in the 3rd quarter worth approximately $629,000. 84.92% of the stock is owned by institutional investors and hedge funds.

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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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