YRC Worldwide, Inc. (NASDAQ:YRCW) CEO James L. Welch sold 100,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $12.24, for a total value of $1,224,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
YRC Worldwide, Inc. (NASDAQ:YRCW) traded up $0.05 during trading on Tuesday, reaching $12.27. The company’s stock had a trading volume of 780,200 shares, compared to its average volume of 718,959. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of -2.26. YRC Worldwide, Inc. has a one year low of $7.36 and a one year high of $16.97.
Several brokerages recently commented on YRCW. BidaskClub lowered YRC Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Stifel Nicolaus reissued a “buy” rating and issued a $18.00 price objective (up previously from $16.00) on shares of YRC Worldwide in a research note on Friday, August 4th. ValuEngine lowered YRC Worldwide from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Zacks Investment Research lowered YRC Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, October 28th. Finally, Aegis reissued a “buy” rating and issued a $20.00 price objective on shares of YRC Worldwide in a research note on Saturday, September 16th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.00.
A number of institutional investors have recently bought and sold shares of YRCW. Formula Growth Ltd. boosted its stake in YRC Worldwide by 277.4% in the second quarter. Formula Growth Ltd. now owns 1,000,000 shares of the transportation company’s stock worth $11,120,000 after purchasing an additional 735,000 shares in the last quarter. Northpointe Capital LLC boosted its stake in YRC Worldwide by 139.3% in the second quarter. Northpointe Capital LLC now owns 1,186,033 shares of the transportation company’s stock worth $13,189,000 after purchasing an additional 690,449 shares in the last quarter. Vanguard Group Inc. boosted its stake in YRC Worldwide by 29.7% in the first quarter. Vanguard Group Inc. now owns 2,174,693 shares of the transportation company’s stock worth $23,943,000 after purchasing an additional 497,565 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in YRC Worldwide in the third quarter worth $6,280,000. Finally, Cooper Creek Partners Management LLC bought a new stake in shares of YRC Worldwide during the second quarter worth $3,516,000. 85.86% of the stock is currently owned by institutional investors.
YRC Worldwide Company 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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