Federation des caisses Desjardins du Quebec Has $1.60 Million Stock Position in United Airlines Holdings Inc $UAL

Key Points

• Federation des caisses Desjardins du Quebec increased its stake in United Airlines by 24.6% in Q1, owning 23,129 shares valued at approximately $1.6 million.
• Multiple hedge funds have recently acquired stakes in United Airlines, with institutional and hedge fund ownership now at 69.69%.
• Analysts have a consensus rating of Buy for United Airlines, with target prices ranging from $100.00 to $127.00.

Federation des caisses Desjardins du Quebec boosted its position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 24.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 23,129 shares of the transportation company's stock after purchasing an additional 4,563 shares during the period. Federation des caisses Desjardins du Quebec's holdings in United Airlines were worth $1,597,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Capital A Wealth Management LLC acquired a new stake in United Airlines in the 4th quarter valued at about $31,000. WPG Advisers LLC acquired a new stake in United Airlines in the 1st quarter valued at about $32,000. Hemington Wealth Management lifted its stake in United Airlines by 50.6% in the 1st quarter. Hemington Wealth Management now owns 476 shares of the transportation company's stock valued at $32,000 after purchasing an additional 160 shares during the last quarter. Eastern Bank acquired a new stake in United Airlines in the 1st quarter valued at about $35,000. Finally, Ameriflex Group Inc. acquired a new stake in United Airlines in the 4th quarter valued at about $58,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. TD Cowen raised their target price on shares of United Airlines from $101.00 to $127.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Evercore ISI restated an "outperform" rating and set a $105.00 price objective on shares of United Airlines in a research report on Thursday, July 17th. Sanford C. Bernstein restated an "outperform" rating on shares of United Airlines in a research report on Tuesday, May 13th. Barclays restated an "overweight" rating and set a $100.00 price objective (up from $94.00) on shares of United Airlines in a research report on Tuesday, July 15th. Finally, Wall Street Zen downgraded shares of United Airlines from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, United Airlines has a consensus rating of "Buy" and an average target price of $111.43.

United Airlines Stock Up 0.5%

NASDAQ UAL opened at $106.59 on Monday. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 1.56. United Airlines Holdings Inc has a 1-year low of $44.85 and a 1-year high of $116.00. The company has a 50 day moving average of $93.14 and a 200-day moving average of $81.73. The company has a market cap of $34.51 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 1.38 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 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $15.31 billion. During the same period in the previous year, the business earned $4.14 earnings per share. The firm's quarterly revenue was up 1.4% on a year-over-year basis. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. On average, equities research analysts expect that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Barney Harford sold 9,000 shares of United Airlines stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $97.76, for a total value of $879,840.00. Following the transaction, the director directly owned 80,000 shares of the company's stock, valued at $7,820,800. This trade represents a 10.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of United Airlines stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $92.22, for a total transaction of $1,844,400.00. Following the completion of the transaction, the executive vice president directly owned 62,358 shares in the company, valued at $5,750,654.76. This trade represents a 24.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 106,791 shares of company stock valued at $9,992,318 in the last quarter. Corporate insiders own 0.63% of the company's stock.

About United Airlines

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.

Want to see what other hedge funds are holding UAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Airlines Holdings Inc (NASDAQ:UAL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.