Impax Asset Management Group plc Purchases 60,000 Shares of US Foods Holding Corp. (NYSE:USFD)

Impax Asset Management Group plc boosted its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 25.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 300,000 shares of the company's stock after buying an additional 60,000 shares during the quarter. Impax Asset Management Group plc owned approximately 0.12% of US Foods worth $13,623,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State of Alaska Department of Revenue raised its stake in US Foods by 138.6% in the 4th quarter. State of Alaska Department of Revenue now owns 64,425 shares of the company's stock valued at $2,925,000 after acquiring an additional 37,425 shares during the period. Wellington Management Group LLP boosted its stake in US Foods by 7.5% in the 3rd quarter. Wellington Management Group LLP now owns 2,870,370 shares of the company's stock valued at $113,954,000 after purchasing an additional 199,269 shares during the period. Handelsinvest Investeringsforvaltning bought a new position in US Foods during the 4th quarter worth $1,269,000. Nordea Investment Management AB increased its position in US Foods by 102.1% during the fourth quarter. Nordea Investment Management AB now owns 109,958 shares of the company's stock worth $4,991,000 after acquiring an additional 55,554 shares during the period. Finally, Hsbc Holdings PLC raised its stake in US Foods by 1,398.0% in the 3rd quarter. Hsbc Holdings PLC now owns 93,926 shares of the company's stock worth $3,742,000 after purchasing an additional 87,656 shares in the last quarter. Institutional investors own 98.76% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. UBS Group upgraded shares of US Foods from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $47.00 to $64.00 in a research note on Tuesday, February 20th. JPMorgan Chase & Co. increased their target price on shares of US Foods from $50.00 to $52.00 and gave the stock a "neutral" rating in a report on Tuesday, March 19th. Truist Financial upped their price objective on shares of US Foods from $52.00 to $57.00 and gave the stock a "buy" rating in a research report on Tuesday, February 20th. BMO Capital Markets raised their target price on shares of US Foods from $50.00 to $58.00 and gave the company an "outperform" rating in a research report on Friday, February 16th. Finally, BTIG Research upped their price target on shares of US Foods from $52.00 to $62.00 and gave the stock a "buy" rating in a report on Tuesday, March 19th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $54.42.

Insiders Place Their Bets

In other US Foods news, EVP David A. Rickard sold 50,000 shares of the company's stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $52.52, for a total transaction of $2,626,000.00. Following the sale, the executive vice president now owns 148,561 shares of the company's stock, valued at $7,802,423.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.50% of the company's stock.

US Foods Trading Down 0.2 %

NYSE USFD traded down $0.12 on Wednesday, reaching $51.66. The company had a trading volume of 874,840 shares, compared to its average volume of 1,741,082. The firm has a market cap of $12.67 billion, a price-to-earnings ratio of 25.57, a P/E/G ratio of 0.86 and a beta of 1.58. US Foods Holding Corp. has a fifty-two week low of $35.66 and a fifty-two week high of $54.94. The business has a 50 day moving average of $51.21 and a two-hundred day moving average of $45.53. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.30 and a quick ratio of 0.78.

US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.04). The company had revenue of $8.94 billion during the quarter, compared to analyst estimates of $8.81 billion. US Foods had a net margin of 1.42% and a return on equity of 13.41%. Analysts forecast that US Foods Holding Corp. will post 2.91 EPS for the current year.

About US Foods

US Foods Holding Corp., together with its subsidiaries, engages in marketing, sale, and distribution of fresh, frozen, and dry food and non-food products to foodservice customers in the United States. The company's customers include independently owned single and multi-unit restaurants, regional concepts, national restaurant chains, hospitals, nursing homes, hotels and motels, country clubs, government and military organizations, colleges and universities, and retail locations.