YRC Worldwide (YRCW) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of YRC Worldwide (NASDAQ:YRCW) from a buy rating to a hold rating in a research report sent to investors on Saturday morning, Zacks.com reports.

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 have also recently commented on YRCW. BidaskClub raised shares of YRC Worldwide from a hold rating to a buy rating in a report on Saturday. Seaport Global Securities reaffirmed a neutral rating on shares of YRC Worldwide in a report on Friday, April 5th. ValuEngine raised shares of YRC Worldwide from a sell rating to a hold rating in a report on Tuesday, April 9th. Stephens set a $5.00 target price on shares of YRC Worldwide and gave the stock a hold rating in a report on Friday, March 22nd. Finally, TheStreet raised shares of YRC Worldwide from a d rating to a c- rating in a report on Friday, February 1st. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. YRC Worldwide presently has a consensus rating of Hold and a consensus price target of $9.00.

Shares of YRCW opened at $7.81 on Friday. YRC Worldwide has a 12 month low of $2.41 and a 12 month high of $11.76. The company has a market cap of $276.17 million, a PE ratio of 17.36 and a beta of 4.76.

YRC Worldwide (NASDAQ:YRCW) last announced its earnings results on Thursday, January 31st. The transportation company reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.59. YRC Worldwide had a net margin of 0.48% and a negative return on equity of 1.93%. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.24 billion. On average, research analysts predict that YRC Worldwide will post 0.73 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in shares of YRC Worldwide by 1.4% during the 4th quarter. BlackRock Inc. now owns 2,370,373 shares of the transportation company’s stock worth $7,467,000 after acquiring an additional 32,687 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of YRC Worldwide by 3.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,689,826 shares of the transportation company’s stock worth $15,175,000 after acquiring an additional 61,048 shares in the last quarter. Boston Partners boosted its position in shares of YRC Worldwide by 68.9% during the 4th quarter. Boston Partners now owns 1,664,388 shares of the transportation company’s stock worth $5,243,000 after acquiring an additional 678,706 shares in the last quarter. Front Street Capital Management Inc. boosted its position in shares of YRC Worldwide by 13.2% during the 4th quarter. Front Street Capital Management Inc. now owns 1,402,585 shares of the transportation company’s stock worth $4,418,000 after acquiring an additional 163,125 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of YRC Worldwide by 60.5% during the 4th quarter. Millennium Management LLC now owns 709,749 shares of the transportation company’s stock worth $2,236,000 after acquiring an additional 267,559 shares in the last quarter. Institutional investors and hedge funds own 71.75% of the company’s stock.

About YRC Worldwide

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.

Further Reading: Net Asset Value

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