Deutsche Bank AG increased its stake in shares of YRC Worldwide (NASDAQ:YRCW) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 285,617 shares of the transportation company’s stock after purchasing an additional 8,006 shares during the quarter. Deutsche Bank AG owned 0.85% of YRC Worldwide worth $4,106,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Renaissance Technologies LLC acquired a new position in YRC Worldwide during the 4th quarter worth $2,422,000. Bogle Investment Management L P DE grew its stake in YRC Worldwide by 243.1% during the 4th quarter. Bogle Investment Management L P DE now owns 338,176 shares of the transportation company’s stock worth $4,862,000 after purchasing an additional 239,605 shares in the last quarter. Cooper Creek Partners Management LLC acquired a new position in YRC Worldwide during the 4th quarter worth $2,060,000. OppenheimerFunds Inc. acquired a new position in YRC Worldwide during the 4th quarter worth $390,000. Finally, Systematic Financial Management LP grew its stake in YRC Worldwide by 7.4% during the 4th quarter. Systematic Financial Management LP now owns 121,440 shares of the transportation company’s stock worth $1,746,000 after purchasing an additional 8,345 shares in the last quarter. 84.92% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently commented on YRCW. Zacks Investment Research raised YRC Worldwide from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Sunday, January 21st. BidaskClub raised YRC Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, March 16th. Seaport Global Securities reaffirmed a “neutral” rating on shares of YRC Worldwide in a research report on Friday, February 2nd. ValuEngine raised YRC Worldwide from a “sell” rating to a “hold” rating in a research report on Thursday, January 18th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $21.00 price objective on shares of YRC Worldwide in a research report on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $18.00.
NASDAQ:YRCW opened at $8.70 on Tuesday. The stock has a market cap of $280.77, a PE ratio of 58.00 and a beta of 4.04. YRC Worldwide has a 1 year low of $7.36 and a 1 year high of $17.61. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of -2.48.
YRC Worldwide (NASDAQ:YRCW) last released its quarterly earnings data on Thursday, February 1st. The transportation company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.26). The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.22 billion. YRC Worldwide had a negative return on equity of 1.31% and a negative net margin of 0.22%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.23) earnings per share. research analysts forecast that YRC Worldwide will post 0.93 earnings per share for the current year.
In related news, insider Scott D. Ware sold 14,000 shares of the company’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $8.61, for a total value of $120,540.00. Following the completion of the sale, the insider now directly owns 39,095 shares of the company’s stock, valued at approximately $336,607.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.70% of the company’s stock.
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.
Want to see what other hedge funds are holding YRCW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for YRC Worldwide (NASDAQ:YRCW).
Receive News & Ratings for YRC Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YRC Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.