YRC Worldwide (NASDAQ:YRCW) Director Raymond J. Bromark sold 5,000 shares of the stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $10.79, for a total value of $53,950.00. Following the completion of the transaction, the director now owns 86,272 shares in the company, valued at approximately $930,874.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
YRC Worldwide traded down $0.10, reaching $10.53, during mid-day trading on Wednesday, Marketbeat Ratings reports. 635,434 shares of the stock were exchanged, compared to its average volume of 799,610. The company has a market capitalization of $373.52 million, a PE ratio of 70.20 and a beta of 4.08. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of -2.38. YRC Worldwide has a 1 year low of $8.07 and a 1 year high of $17.61.
YRC Worldwide (NASDAQ:YRCW) last released its quarterly earnings results on Thursday, May 3rd. The transportation company reported ($0.44) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.16. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.21 billion. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.78) EPS. sell-side analysts anticipate that YRC Worldwide will post 0.91 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Symons Capital Management Inc. purchased a new position in YRC Worldwide during the 1st quarter worth approximately $137,000. Teacher Retirement System of Texas purchased a new position in YRC Worldwide during the 4th quarter worth approximately $163,000. MetLife Investment Advisors LLC purchased a new position in YRC Worldwide during the 4th quarter worth approximately $213,000. Fox Run Management L.L.C. purchased a new position in YRC Worldwide during the 4th quarter worth approximately $265,000. Finally, Stone Ridge Asset Management LLC purchased a new position in YRC Worldwide during the 4th quarter worth approximately $310,000. Hedge funds and other institutional investors own 80.01% of the company’s stock.
A number of research firms have recently commented on YRCW. Stifel Nicolaus reiterated a “buy” rating and issued a $21.00 price objective on shares of YRC Worldwide in a report on Friday, February 2nd. ValuEngine downgraded YRC Worldwide from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. Zacks Investment Research restated a “buy” rating and set a $19.00 price target on shares of YRC Worldwide in a research note on Saturday, February 3rd. Seaport Global Securities restated a “neutral” rating on shares of YRC Worldwide in a research note on Friday, February 2nd. Finally, BidaskClub downgraded YRC Worldwide from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $19.75.
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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