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. “
A number of other research firms have also recently weighed in on YRCW. BidaskClub upgraded YRC Worldwide from a hold rating to a buy rating in a report on Saturday. ValuEngine upgraded YRC Worldwide from a sell rating to a hold rating in a report on Tuesday, April 9th. Seaport Global Securities reiterated a neutral rating on shares of YRC Worldwide in a report on Friday, April 5th. Stephens set a $5.00 price target on YRC Worldwide and gave the stock a hold rating in a report on Friday, March 22nd. Finally, TheStreet upgraded 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 issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $9.00.
YRC Worldwide (NASDAQ:YRCW) last issued its earnings results on Thursday, January 31st. The transportation company reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.59. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.24 billion. YRC Worldwide had a negative return on equity of 1.93% and a net margin of 0.48%. As a group, equities research analysts anticipate that YRC Worldwide will post 0.73 earnings per share for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. First Allied Advisory Services Inc. acquired a new position in YRC Worldwide during the 4th quarter worth about $35,000. Stone Ridge Asset Management LLC acquired a new position in YRC Worldwide during the 4th quarter worth about $52,000. Annex Advisory Services LLC acquired a new position in YRC Worldwide during the 4th quarter worth about $90,000. Wedbush Securities Inc. acquired a new position in YRC Worldwide during the 4th quarter worth about $95,000. Finally, SG Americas Securities LLC acquired a new position in YRC Worldwide during the 4th quarter worth about $98,000. 71.75% of the stock is currently owned by hedge funds and other institutional investors.
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.
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