Canada Pension Plan Investment Board Acquires 153,215 Shares of United Airlines Holdings Inc $UAL

Key Points

• The Canada Pension Plan Investment Board significantly increased its stake in United Airlines by 217.7%, acquiring a total of 223,599 shares valued at approximately $15.44 million.
• Wall Street analysts have a generally positive outlook on United Airlines, with an average price target of $111.43 and multiple firms issuing "buy" ratings following recent earnings reports.
• Recent insider trading activity includes notable sales by executives, with EVP Torbjorn J. Enqvist selling 20,000 shares and Director Barney Harford selling 15,823 shares of United Airlines stock.

Canada Pension Plan Investment Board lifted its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 217.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 223,599 shares of the transportation company's stock after purchasing an additional 153,215 shares during the quarter. Canada Pension Plan Investment Board owned about 0.07% of United Airlines worth $15,440,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital A Wealth Management LLC acquired a new position in shares of United Airlines during the 4th quarter worth $31,000. Hemington Wealth Management boosted its stake in shares of United Airlines by 50.6% during the 1st quarter. Hemington Wealth Management now owns 476 shares of the transportation company's stock worth $32,000 after purchasing an additional 160 shares during the last quarter. WPG Advisers LLC acquired a new stake in shares of United Airlines during the 1st quarter worth about $32,000. Eastern Bank acquired a new stake in shares of United Airlines in the first quarter worth approximately $35,000. Finally, CENTRAL TRUST Co boosted its position in shares of United Airlines by 57.2% in the first quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company's stock worth $56,000 after acquiring an additional 297 shares during the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, President Brett J. Hart sold 24,772 shares of the firm's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $89.50, for a total transaction of $2,217,094.00. Following the completion of the transaction, the president owned 283,638 shares in the company, valued at approximately $25,385,601. This trade represents a 8.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Kate Gebo sold 6,343 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $97.81, for a total transaction of $620,408.83. Following the transaction, the executive vice president owned 69,106 shares of the company's stock, valued at approximately $6,759,257.86. This trade represents a 8.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,791 shares of company stock valued at $9,992,318 over the last 90 days. Corporate insiders own 0.71% of the company's stock.

United Airlines Stock Performance

UAL stock traded up $0.54 during trading on Friday, hitting $106.59. 3,634,117 shares of the company's stock traded hands, compared to its average volume of 4,646,877. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 1.56. United Airlines Holdings Inc has a 52 week low of $44.85 and a 52 week high of $116.00. The stock has a fifty day moving average price of $93.14 and a two-hundred day moving average price of $82.04. The stock has a market capitalization of $34.51 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 1.37 and a beta of 1.47.

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

Analyst Ratings Changes

Several research analysts recently weighed in on the company. TD Cowen increased their target price on United Airlines from $101.00 to $127.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Barclays reaffirmed an "overweight" rating and set a $100.00 price target (up from $94.00) on shares of United Airlines in a research report on Tuesday, July 15th. Bank of America lifted their price target on shares of United Airlines from $90.00 to $108.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Cowen reaffirmed a "buy" rating on shares of United Airlines in a research report on Tuesday, July 15th. Finally, Evercore ISI reiterated an "outperform" rating and set a $105.00 price objective on shares of United Airlines in a research note on Thursday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, United Airlines currently has a consensus rating of "Buy" and an average price target of $111.43.

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.