Robeco Institutional Asset Management B.V. Has $6.23 Million Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Posted by Defense World Staff on Aug 3rd, 2023

Robeco Institutional Asset Management B.V. grew its stake in United Airlines Holdings, Inc. (NASDAQ:UAL – Free Report) by 820.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 140,829 shares of the transportation company’s stock after purchasing an additional 125,527 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in United Airlines were worth $6,232,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund increased its holdings in shares of United Airlines by 0.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 25,209 shares of the transportation company’s stock valued at $950,000 after acquiring an additional 208 shares in the last quarter. Texas Permanent School Fund boosted its position in shares of United Airlines by 0.5% in the fourth quarter. Texas Permanent School Fund now owns 46,319 shares of the transportation company’s stock valued at $1,746,000 after acquiring an additional 224 shares during the period. Massmutual Trust Co. FSB ADV raised its stake in United Airlines by 99.7% in the first quarter. Massmutual Trust Co. FSB ADV now owns 611 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 305 shares in the last quarter. Parallel Advisors LLC grew its position in United Airlines by 29.3% during the first quarter. Parallel Advisors LLC now owns 1,403 shares of the transportation company’s stock valued at $62,000 after acquiring an additional 318 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of United Airlines by 5.2% during the first quarter. Fifth Third Bancorp now owns 6,528 shares of the transportation company’s stock valued at $289,000 after purchasing an additional 323 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at United Airlines

In other United Airlines news, CFO Gerald Laderman sold 4,491 shares of the stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $57.05, for a total transaction of $256,211.55. Following the transaction, the chief financial officer now owns 133,213 shares of the company’s stock, valued at $7,599,801.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other United Airlines news, EVP Gregory L. Hart sold 12,000 shares of the business’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $52.26, for a total transaction of $627,120.00. Following the completion of the transaction, the executive vice president now owns 26,434 shares in the company, valued at approximately $1,381,440.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gerald Laderman sold 4,491 shares of United Airlines stock in a transaction on Monday, July 24th. The shares were sold at an average price of $57.05, for a total value of $256,211.55. Following the transaction, the chief financial officer now owns 133,213 shares in the company, valued at $7,599,801.65. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

United Airlines Stock Performance

Shares of UAL stock opened at $52.67 on Thursday. United Airlines Holdings, Inc. has a 12 month low of $31.58 and a 12 month high of $58.23. The company has a market cap of $17.27 billion, a P/E ratio of 6.53 and a beta of 1.41. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 3.49. The firm has a fifty day moving average price of $54.09 and a 200 day moving average price of $48.11.

United Airlines (NASDAQ:UAL – Get Free Report) last posted its quarterly earnings results on Thursday, July 20th. The transportation company reported $5.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $1.00. United Airlines had a net margin of 5.24% and a return on equity of 48.89%. The firm had revenue of $14.18 billion during the quarter, compared to analysts’ expectations of $13.90 billion. During the same period in the prior year, the company posted $1.43 earnings per share. The firm’s revenue for the quarter was up 17.1% on a year-over-year basis. Sell-side analysts predict that United Airlines Holdings, Inc. will post 11.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on UAL. Citigroup lifted their price target on shares of United Airlines from $75.00 to $84.00 and gave the company a “buy” rating in a research report on Monday, July 24th. StockNews.com upgraded United Airlines from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Raymond James boosted their price target on United Airlines from $72.00 to $76.00 and gave the company an “outperform” rating in a report on Friday, July 21st. TheStreet raised shares of United Airlines from a “c” rating to a “b-” rating in a research note on Wednesday, July 19th. Finally, Bank of America increased their target price on United Airlines from $43.00 to $50.00 in a research report on Monday, June 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.71.

Check Out Our Latest Report on UAL

United Airlines Company Profile

(Free Report)

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, training, and maintenance services for third parties.