Quantbot Technologies LP Increases Stake in United States Lime & Minerals, Inc. $USLM

Key Points

• Quantbot Technologies LP increased its stake in United States Lime & Minerals, Inc. by 38.3% during the first quarter, owning a total of 12,169 shares valued at approximately $1,075,000.
• Analysts from Wall Street Zen downgraded United States Lime & Minerals from a "buy" rating to a "hold" rating on August 2nd.
• The company is set to pay a quarterly dividend of $0.06 per share on September 12th, with an annualized dividend yield of 0.2% and a payout ratio of 5.50%.

Quantbot Technologies LP lifted its stake in shares of United States Lime & Minerals, Inc. (NASDAQ:USLM - Free Report) by 38.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 12,169 shares of the construction company's stock after acquiring an additional 3,373 shares during the period. Quantbot Technologies LP's holdings in United States Lime & Minerals were worth $1,075,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of United States Lime & Minerals by 13.2% during the 1st quarter. Vanguard Group Inc. now owns 808,373 shares of the construction company's stock worth $71,444,000 after acquiring an additional 94,149 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of United States Lime & Minerals by 6.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 507,541 shares of the construction company's stock worth $67,372,000 after acquiring an additional 28,947 shares during the last quarter. Select Equity Group L.P. lifted its holdings in shares of United States Lime & Minerals by 46.3% during the 4th quarter. Select Equity Group L.P. now owns 328,354 shares of the construction company's stock worth $43,586,000 after acquiring an additional 103,948 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of United States Lime & Minerals by 5.1% during the 4th quarter. Northern Trust Corp now owns 111,932 shares of the construction company's stock worth $14,858,000 after acquiring an additional 5,447 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of United States Lime & Minerals by 4.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 100,474 shares of the construction company's stock worth $8,880,000 after acquiring an additional 4,318 shares during the last quarter. 27.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of United States Lime & Minerals from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd.

United States Lime & Minerals Stock Down 0.3%

Shares of NASDAQ:USLM traded down $0.37 during midday trading on Friday, hitting $125.92. 229,021 shares of the stock traded hands, compared to its average volume of 128,944. The stock has a market capitalization of $3.61 billion, a PE ratio of 28.88 and a beta of 0.98. The business's 50 day moving average is $108.61 and its two-hundred day moving average is $100.53. United States Lime & Minerals, Inc. has a one year low of $74.90 and a one year high of $159.53.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The construction company reported $1.07 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.07). The firm had revenue of $91.52 million for the quarter, compared to the consensus estimate of $101.00 million. United States Lime & Minerals had a net margin of 35.57% and a return on equity of 24.24%.

United States Lime & Minerals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, August 22nd. United States Lime & Minerals's dividend payout ratio is 5.50%.

About United States Lime & Minerals

United States Lime & Minerals, Inc engages in the manufacture and sale of lime and limestone products. Its products include High Calcium Quicklime, Hydrated Lime, Lime Kiln Dust, Lime Slurry, and High Calcium Limestone. The company was founded in 1948 and is headquartered in Dallas, TX.