Boston Partners Takes Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Boston Partners purchased a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,312,174 shares of the transportation company’s stock, valued at approximately $323,508,000.

Several other hedge funds have also modified their holdings of UAL. Moody National Bank Trust Division raised its holdings in United Airlines by 2.1% during the fourth quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company’s stock worth $470,000 after purchasing an additional 98 shares during the last quarter. Diversify Advisory Services LLC increased its position in United Airlines by 2.2% during the fourth quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company’s stock worth $508,000 after buying an additional 101 shares in the last quarter. Huntington National Bank increased its position in United Airlines by 10.8% during the third quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock worth $75,000 after buying an additional 129 shares in the last quarter. Metis Global Partners LLC increased its position in United Airlines by 2.0% during the fourth quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company’s stock worth $631,000 after buying an additional 129 shares in the last quarter. Finally, Hemington Wealth Management increased its position in United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after buying an additional 131 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

United Airlines Price Performance

UAL stock opened at $73.92 on Tuesday. The stock has a 50-day moving average price of $98.95 and a two-hundred day moving average price of $84.87. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The company has a market cap of $24.20 billion, a PE ratio of 7.84, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $0.30. The company had revenue of $14.70 billion for the quarter, compared to analysts’ expectations of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.00 earnings per share. As a group, research analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Melius Research raised United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. UBS Group raised their price target on United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. TD Cowen lifted their price objective on United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. lifted their price objective on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Finally, Citigroup lifted their price objective on United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $114.95.

United Airlines Profile

United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, flight academy, and maintenance services for third parties.