Shares of YRC Worldwide Inc (NASDAQ:YRCW) shot up 8.9% on Friday . The stock traded as high as $3.73 and last traded at $3.68, 948,297 shares traded hands during mid-day trading. An increase of 3% from the average session volume of 922,299 shares. The stock had previously closed at $3.38.
A number of research analysts have recently commented on the company. Deutsche Bank set a $8.00 price objective on YRC Worldwide and gave the company a “buy” rating in a report on Monday, May 20th. Zacks Investment Research lowered Inflarx from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. BidaskClub lowered YRC Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Seaport Global Securities reissued a “neutral” rating on shares of YRC Worldwide in a report on Friday, April 5th. Finally, ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. YRC Worldwide presently has an average rating of “Hold” and a consensus price target of $7.85.
The company’s fifty day moving average price is $4.10.
YRC Worldwide (NASDAQ:YRCW) last issued its quarterly earnings data on Wednesday, May 8th. The transportation company reported ($1.48) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.73) by ($0.75). The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.19 billion. YRC Worldwide had a negative net margin of 0.20% and a negative return on equity of 1.93%. The business’s revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.44) EPS. On average, equities research analysts expect that YRC Worldwide Inc will post -0.64 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Stone Ridge Asset Management LLC acquired a new stake in YRC Worldwide in the 4th quarter valued at approximately $52,000. Globeflex Capital L P grew its holdings in YRC Worldwide by 17.3% in the 1st quarter. Globeflex Capital L P now owns 50,214 shares of the transportation company’s stock valued at $336,000 after buying an additional 7,414 shares during the last quarter. Deutsche Bank AG grew its holdings in YRC Worldwide by 8.7% in the 4th quarter. Deutsche Bank AG now owns 112,045 shares of the transportation company’s stock valued at $351,000 after buying an additional 9,010 shares during the last quarter. Millennium Management LLC grew its holdings in YRC Worldwide by 60.5% in the 4th quarter. Millennium Management LLC now owns 709,749 shares of the transportation company’s stock valued at $2,236,000 after buying an additional 267,559 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in YRC Worldwide by 1.4% in the 4th quarter. BlackRock Inc. now owns 2,370,373 shares of the transportation company’s stock valued at $7,467,000 after buying an additional 32,687 shares during the last quarter. 79.31% of the stock is currently owned by institutional investors and hedge funds.
YRC Worldwide Company Profile (NASDAQ:YRCW)
YRC Worldwide Inc, through its subsidiaries, provides a range of transportation services primarily in North America. The company operates in two segments, YRC Freight and Regional Transportation. The 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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