Macquarie Group Ltd. Buys Shares of 45,600 YRC Worldwide Inc (YRCW)

Macquarie Group Ltd. bought a new position in shares of YRC Worldwide Inc (NASDAQ:YRCW) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 45,600 shares of the transportation company’s stock, valued at approximately $629,000. Macquarie Group Ltd. owned approximately 0.14% of YRC Worldwide as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of YRC Worldwide by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 2,274,046 shares of the transportation company’s stock worth $25,287,000 after acquiring an additional 99,353 shares during the period. Dimensional Fund Advisors LP lifted its stake in YRC Worldwide by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,583,122 shares of the transportation company’s stock valued at $17,604,000 after purchasing an additional 4,265 shares during the last quarter. Northpointe Capital LLC lifted its stake in YRC Worldwide by 6.5% in the 3rd quarter. Northpointe Capital LLC now owns 1,263,554 shares of the transportation company’s stock valued at $17,437,000 after purchasing an additional 77,521 shares during the last quarter. Formula Growth Ltd. lifted its stake in YRC Worldwide by 277.4% in the 2nd quarter. Formula Growth Ltd. now owns 1,000,000 shares of the transportation company’s stock valued at $11,120,000 after purchasing an additional 735,000 shares during the last quarter. Finally, Kennedy Capital Management Inc. lifted its stake in YRC Worldwide by 38.5% in the 2nd quarter. Kennedy Capital Management Inc. now owns 514,872 shares of the transportation company’s stock valued at $5,725,000 after purchasing an additional 143,207 shares during the last quarter. Hedge funds and other institutional investors own 85.45% of the company’s stock.

In other YRC Worldwide news, Director William Robert Davidson sold 3,921 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $13.40, for a total value of $52,541.40. Following the completion of the transaction, the director now directly owns 30,195 shares in the company, valued at approximately $404,613. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO James L. Welch sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $12.24, for a total transaction of $1,224,000.00. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

YRC Worldwide Inc (YRCW) opened at $14.40 on Wednesday. The company has a debt-to-equity ratio of -2.26, a current ratio of 1.39 and a quick ratio of 1.39. YRC Worldwide Inc has a 12-month low of $7.36 and a 12-month high of $15.95.

Several equities analysts recently commented on YRCW shares. Zacks Investment Research downgraded shares of YRC Worldwide from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 8th. Stifel Nicolaus reissued a “buy” rating and issued a $18.00 price objective (down previously from $19.00) on shares of YRC Worldwide in a research note on Thursday, October 19th. 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. BidaskClub downgraded shares of YRC Worldwide from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Finally, ValuEngine downgraded shares of YRC Worldwide from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $16.00.

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About YRC Worldwide

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.

Institutional Ownership by Quarter for YRC Worldwide (NASDAQ:YRCW)

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