Northern Trust Corp Purchases 7,525 Shares of YRC Worldwide Inc (YRCW)

Northern Trust Corp boosted its position in YRC Worldwide Inc (NASDAQ:YRCW) by 2.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 375,291 shares of the transportation company’s stock after buying an additional 7,525 shares during the quarter. Northern Trust Corp owned approximately 1.10% of YRC Worldwide worth $3,771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in YRC Worldwide by 5.2% in the second quarter. BlackRock Inc. now owns 2,329,945 shares of the transportation company’s stock worth $23,415,000 after buying an additional 116,023 shares during the last quarter. Dimensional Fund Advisors LP increased its position in YRC Worldwide by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,628,778 shares of the transportation company’s stock worth $16,369,000 after buying an additional 13,218 shares during the last quarter. Rothschild Asset Management Inc. increased its position in YRC Worldwide by 13.7% in the second quarter. Rothschild Asset Management Inc. now owns 602,531 shares of the transportation company’s stock worth $6,055,000 after buying an additional 72,667 shares during the last quarter. Formula Growth Ltd. increased its position in YRC Worldwide by 300.0% in the second quarter. Formula Growth Ltd. now owns 600,000 shares of the transportation company’s stock worth $6,030,000 after buying an additional 450,000 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in YRC Worldwide by 41.9% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 369,350 shares of the transportation company’s stock worth $3,712,000 after buying an additional 109,150 shares during the last quarter. 79.13% of the stock is owned by institutional investors and hedge funds.

YRCW has been the subject of a number of recent research reports. BidaskClub downgraded YRC Worldwide from a “hold” rating to a “sell” rating in a research report on Wednesday, August 1st. Stifel Nicolaus downgraded YRC Worldwide from a “buy” rating to a “hold” rating and set a $7.00 target price for the company. in a research report on Friday, November 9th. Loop Capital initiated coverage on YRC Worldwide in a research report on Monday, October 1st. They issued a “buy” rating and a $18.00 target price for the company. ValuEngine raised YRC Worldwide from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Finally, Deutsche Bank upgraded YRC Worldwide from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Tuesday, August 21st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $15.20.

Shares of NASDAQ YRCW opened at $6.11 on Friday. The firm has a market capitalization of $205.12 million, a PE ratio of 40.73 and a beta of 3.76. YRC Worldwide Inc has a fifty-two week low of $5.57 and a fifty-two week high of $17.61.

YRC Worldwide (NASDAQ:YRCW) last announced its quarterly earnings results on Thursday, November 1st. The transportation company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.42). The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. YRC Worldwide had a negative net margin of 0.09% and a negative return on equity of 1.64%. YRC Worldwide’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 earnings per share. As a group, analysts anticipate that YRC Worldwide Inc will post 0.48 EPS for the current year.

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YRC Worldwide Company Profile

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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Institutional Ownership by Quarter for YRC Worldwide (NASDAQ:YRCW)

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