Caisse DE Depot ET Placement DU Quebec Takes Position in United Airlines Holdings Inc $UAL

Key Points

• Caisse DE Depot ET Placement DU Quebec has acquired a new stake in United Airlines Holdings Inc worth approximately $72.72 million, representing about 0.32% of the company.
• Wall Street analysts are optimistic about United Airlines, with several firms raising their price targets significantly, leading to an average price target of $111.43.
• In the most recent quarterly earnings, United Airlines reported an EPS of $3.87, exceeding estimates, although revenue slightly missed expectations at $15.24 billion.

Caisse DE Depot ET Placement DU Quebec bought a new stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,053,177 shares of the transportation company's stock, valued at approximately $72,722,000. Caisse DE Depot ET Placement DU Quebec owned about 0.32% of United Airlines as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of United Airlines by 1.1% in the first quarter. Vanguard Group Inc. now owns 36,961,616 shares of the transportation company's stock valued at $2,552,200,000 after buying an additional 413,753 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of United Airlines by 2.1% in the first quarter. Dimensional Fund Advisors LP now owns 6,010,293 shares of the transportation company's stock valued at $415,011,000 after buying an additional 125,284 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of United Airlines by 10,777.6% in the first quarter. Pacer Advisors Inc. now owns 5,068,103 shares of the transportation company's stock valued at $349,953,000 after buying an additional 5,021,511 shares during the last quarter. Invesco Ltd. raised its holdings in shares of United Airlines by 26.1% in the first quarter. Invesco Ltd. now owns 4,661,186 shares of the transportation company's stock valued at $321,855,000 after buying an additional 964,388 shares during the last quarter. Finally, Castle Hook Partners LP raised its holdings in shares of United Airlines by 3.6% in the fourth quarter. Castle Hook Partners LP now owns 4,396,016 shares of the transportation company's stock valued at $426,853,000 after buying an additional 150,896 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on UAL shares. Wall Street Zen cut shares of United Airlines from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Susquehanna increased their price target on shares of United Airlines from $81.00 to $109.00 and gave the stock a "positive" rating in a report on Tuesday, July 15th. Cowen reissued a "buy" rating on shares of United Airlines in a report on Tuesday, July 15th. Bank of America increased their price target on shares of United Airlines from $90.00 to $108.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Finally, Barclays reissued an "overweight" rating and set a $100.00 price target (up from $94.00) on shares of United Airlines in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, United Airlines has an average rating of "Buy" and a consensus price target of $111.43.

Insider Activity at United Airlines

In other news, Director Michelle Freyre sold 900 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $92.13, for a total value of $82,917.00. Following the sale, the director directly owned 829 shares in the company, valued at $76,375.77. This represents a 52.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Barney Harford sold 15,823 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $90.03, for a total transaction of $1,424,544.69. Following the completion of the sale, the director owned 89,000 shares in the company, valued at $8,012,670. This represents a 15.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,791 shares of company stock valued at $9,992,318 in the last ninety days. Company insiders own 0.71% of the company's stock.

United Airlines Price Performance

UAL traded up $0.87 on Thursday, hitting $105.08. 3,985,769 shares of the company were exchanged, compared to its average volume of 4,907,330. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.65 and a current ratio of 0.70. The business's fifty day moving average is $89.75 and its 200 day moving average is $81.95. United Airlines Holdings Inc has a fifty-two week low of $41.63 and a fifty-two week high of $116.00. The firm has a market capitalization of $34.02 billion, a P/E ratio of 10.53, a price-to-earnings-growth ratio of 1.35 and a beta of 1.48.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share for the quarter, topping the consensus estimate of $3.81 by $0.06. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The company had revenue of $15.24 billion for the quarter, compared to analyst estimates of $15.31 billion. During the same period in the prior year, the business posted $4.14 earnings per share. The firm's revenue for the quarter was up 1.4% compared to the same quarter last year. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. As a group, sell-side analysts anticipate that United Airlines Holdings Inc will post 12.96 EPS for the current year.

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.