Marshall Wace North America L.P. purchased a new position in shares of YRC Worldwide, Inc. (NASDAQ:YRCW) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 15,299 shares of the transportation company’s stock, valued at approximately $168,000.
Other hedge funds have also recently modified their holdings of the company. California Public Employees Retirement System lifted its stake in YRC Worldwide by 95.9% during the first quarter. California Public Employees Retirement System now owns 245,100 shares of the transportation company’s stock worth $2,982,000 after purchasing an additional 120,000 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in YRC Worldwide by 36.3% during the first quarter. Parametric Portfolio Associates LLC now owns 87,872 shares of the transportation company’s stock worth $967,000 after purchasing an additional 23,390 shares during the last quarter. Kennedy Capital Management Inc. lifted its stake in YRC Worldwide by 86.0% during the first quarter. Kennedy Capital Management Inc. now owns 371,665 shares of the transportation company’s stock worth $4,092,000 after purchasing an additional 171,824 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in YRC Worldwide during the first quarter worth about $1,589,000. Finally, Quantitative Investment Management LLC bought a new stake in YRC Worldwide during the first quarter worth about $444,000. 83.33% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have issued reports on YRCW. Aegis reaffirmed a “buy” rating and set a $20.00 price target on shares of YRC Worldwide in a research note on Saturday. Stifel Nicolaus reaffirmed a “buy” rating and set a $18.00 price target (up previously from $16.00) on shares of YRC Worldwide in a research note on Friday, August 4th. Zacks Investment Research lowered YRC Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Finally, BidaskClub lowered YRC Worldwide from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. YRC Worldwide presently has a consensus rating of “Hold” and an average target price of $15.75.
Shares of YRC Worldwide, Inc. (NASDAQ:YRCW) opened at 12.35 on Friday. The stock has a 50 day moving average price of $12.66 and a 200-day moving average price of $11.21. The company has a market cap of $414.12 million, a price-to-earnings ratio of 4116.67 and a beta of 3.77. YRC Worldwide, Inc. has a 1-year low of $7.36 and a 1-year high of $16.97.
YRC Worldwide (NASDAQ:YRCW) last announced its quarterly earnings results on Thursday, August 3rd. The transportation company reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.09. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the business posted $0.83 EPS. The firm’s revenue was up 4.4% on a year-over-year basis. Equities research analysts forecast that YRC Worldwide, Inc. will post $0.82 earnings per share for the current year.
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YRC Worldwide 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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