Geode Capital Management LLC boosted its position in shares of YRC Worldwide, Inc. (NASDAQ:YRCW) by 10.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 262,040 shares of the transportation company’s stock after buying an additional 25,114 shares during the period. Geode Capital Management LLC owned 0.78% of YRC Worldwide worth $2,885,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in YRCW. Deprince Race & Zollo Inc. purchased a new position in YRC Worldwide during the first quarter worth approximately $143,000. Strs Ohio purchased a new position in YRC Worldwide during the first quarter worth approximately $164,000. Prudential Financial Inc. purchased a new position in YRC Worldwide during the first quarter worth approximately $177,000. American International Group Inc. raised its position in YRC Worldwide by 7.1% in the first quarter. American International Group Inc. now owns 20,045 shares of the transportation company’s stock worth $221,000 after buying an additional 1,327 shares during the period. Finally, SG Americas Securities LLC raised its position in YRC Worldwide by 99.2% in the first quarter. SG Americas Securities LLC now owns 20,670 shares of the transportation company’s stock worth $228,000 after buying an additional 10,295 shares during the period. Institutional investors own 87.51% of the company’s stock.
Shares of YRC Worldwide, Inc. (NASDAQ YRCW) traded up 1.62% during midday trading on Tuesday, reaching $11.94. 57,083 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $12.30 and its 200 day moving average price is $11.24. YRC Worldwide, Inc. has a one year low of $7.36 and a one year high of $16.97. The firm has a market capitalization of $400.37 million, a PE ratio of 3980.00 and a beta of 3.74.
YRC Worldwide (NASDAQ:YRCW) last posted its quarterly earnings results on Thursday, August 3rd. The transportation company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.09. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the company earned $0.83 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities research analysts expect that YRC Worldwide, Inc. will post $0.82 earnings per share for the current fiscal year.
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A number of equities analysts have recently commented on YRCW shares. Zacks Investment Research upgraded shares of YRC Worldwide from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Thursday, July 13th. BidaskClub upgraded shares of YRC Worldwide from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Stifel Nicolaus restated a “buy” rating and issued a $18.00 price objective (up from $16.00) on shares of YRC Worldwide in a research report on Friday, August 4th. Finally, Deutsche Bank AG cut their price objective on shares of YRC Worldwide from $18.00 to $11.00 and set a “hold” rating for the company in a research report on Monday, May 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $15.75.
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.
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