YRC Worldwide, Inc. (YRCW) CEO James L. Welch Sells 100,000 Shares

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.

WARNING: “YRC Worldwide, Inc. (YRCW) CEO James L. Welch Sells 100,000 Shares” was originally posted by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this piece on another domain, it was stolen and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://transcriptdaily.com/2017/11/15/yrc-worldwide-inc-yrcw-ceo-james-l-welch-sells-100000-shares.html.

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.

Receive News & Ratings for YRC Worldwide Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YRC Worldwide Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply