Northern Trust Corp Purchases 36,808 Shares of United Airlines Holdings Inc $UAL

Key Points

• Northern Trust Corp increased its stake in United Airlines Holdings to 2,550,414 shares, representing a 1.5% rise during the first quarter, with a total value of approximately $176 million.
• United Airlines reported $3.87 EPS for the last quarter, exceeding analyst expectations, with revenue of $15.24 billion despite a year-over-year increase of only 1.4%.
• Stock analysts have mixed opinions on United Airlines, with two rating it as a "Strong Buy" and others giving it a mixed rating, resulting in a consensus "Buy" rating and an average target price of $111.43.

Northern Trust Corp grew its position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 1.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,550,414 shares of the transportation company's stock after purchasing an additional 36,808 shares during the period. Northern Trust Corp owned about 0.78% of United Airlines worth $176,106,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC increased its holdings in United Airlines by 3.2% during the fourth quarter. NewEdge Advisors LLC now owns 15,650 shares of the transportation company's stock worth $1,520,000 after buying an additional 480 shares during the last quarter. GeoWealth Management LLC increased its holdings in United Airlines by 30.4% during the fourth quarter. GeoWealth Management LLC now owns 2,118 shares of the transportation company's stock worth $206,000 after buying an additional 494 shares during the last quarter. MML Investors Services LLC increased its holdings in United Airlines by 70.9% during the fourth quarter. MML Investors Services LLC now owns 18,042 shares of the transportation company's stock worth $1,752,000 after buying an additional 7,484 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in United Airlines by 450.2% during the fourth quarter. TD Waterhouse Canada Inc. now owns 7,939 shares of the transportation company's stock worth $771,000 after buying an additional 6,496 shares during the last quarter. Finally, IHT Wealth Management LLC purchased a new stake in United Airlines during the fourth quarter worth about $218,000. Hedge funds and other institutional investors own 69.69% of the company's stock.

United Airlines Stock Performance

NASDAQ:UAL traded up $5.80 on Friday, reaching $102.98. 6,037,970 shares of the company's stock were exchanged, compared to its average volume of 5,158,545. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.70 and a quick ratio of 0.65. The firm has a market cap of $33.34 billion, a price-to-earnings ratio of 10.32, a P/E/G ratio of 1.33 and a beta of 1.48. United Airlines Holdings Inc has a 52 week low of $40.96 and a 52 week high of $116.00. The stock has a fifty day simple moving average of $87.45 and a 200-day simple moving average of $81.89.

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 analysts' consensus estimates of $3.81 by $0.06. The firm 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 last year, the business earned $4.14 earnings per share. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. As a group, sell-side analysts predict that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

Insider Buying and Selling

In other news, President Brett J. Hart sold 24,772 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $89.50, for a total value of $2,217,094.00. Following the completion of the transaction, the president directly owned 283,638 shares in the company, valued at approximately $25,385,601. This trade represents a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of the firm's 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 owned 62,358 shares of the company's stock, 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 three months. Insiders own 0.63% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on UAL. Bank of America raised their price objective 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. TD Cowen raised their price objective on shares of United Airlines from $101.00 to $127.00 and gave the stock a "buy" rating in a report on Monday, July 21st. UBS Group raised their price objective on shares of United Airlines from $103.00 to $114.00 and gave the stock a "buy" rating in a report on Tuesday, July 15th. Susquehanna raised their price objective 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. Finally, Evercore ISI restated an "outperform" rating and set a $105.00 price objective on shares of United Airlines in a report on Thursday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price 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.