Stifel Financial Corp Invests $449,000 in YRC Worldwide Inc (YRCW)

Stifel Financial Corp purchased a new position in YRC Worldwide Inc (NASDAQ:YRCW) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 32,270 shares of the transportation company’s stock, valued at approximately $449,000. Stifel Financial Corp owned about 0.10% of YRC Worldwide at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of YRC Worldwide by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 2,274,046 shares of the transportation company’s stock worth $25,287,000 after buying an additional 99,353 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of YRC Worldwide by 4.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,599,152 shares of the transportation company’s stock worth $21,461,000 after buying an additional 67,132 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of YRC Worldwide by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,596,476 shares of the transportation company’s stock worth $22,031,000 after buying an additional 13,354 shares during the last quarter. Northpointe Capital LLC boosted its stake in shares of YRC Worldwide by 6.5% in the 3rd quarter. Northpointe Capital LLC now owns 1,263,554 shares of the transportation company’s stock worth $17,437,000 after buying an additional 77,521 shares during the last quarter. Finally, Formula Growth Ltd. boosted its stake in shares of YRC Worldwide by 277.4% in the 2nd quarter. Formula Growth Ltd. now owns 1,000,000 shares of the transportation company’s stock worth $11,120,000 after buying an additional 735,000 shares during the last quarter. Hedge funds and other institutional investors own 85.39% of the company’s stock.

In related news, insider Justin M. Hall bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were bought at an average cost of $11.09 per share, with a total value of $55,450.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William Robert Davidson sold 3,921 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was 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 $404,613. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.

A number of research firms have recently issued reports on YRCW. Stifel Nicolaus restated a “buy” rating and issued a $18.00 price target (down from $19.00) on shares of YRC Worldwide in a research note on Thursday, October 19th. BidaskClub upgraded YRC Worldwide from a “hold” rating to a “buy” rating in a research note on Saturday, December 2nd. Aegis restated a “buy” rating and issued a $20.00 price target on shares of YRC Worldwide in a research note on Saturday, September 16th. ValuEngine downgraded YRC Worldwide from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Finally, Zacks Investment Research raised YRC Worldwide from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $16.00.

YRC Worldwide Inc (YRCW) opened at $14.38 on Monday. YRC Worldwide Inc has a twelve month low of $7.36 and a twelve month high of $15.79. The company has a market capitalization of $487.36, a price-to-earnings ratio of -41.09 and a beta of 3.74. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of -2.26.

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YRC Worldwide Profile

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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