Boston Partners boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 72.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,377,747 shares of the transportation company’s stock after purchasing an additional 2,260,831 shares during the period. United Parcel Service comprises approximately 0.9% of Boston Partners’ holdings, making the stock its 24th largest position. Boston Partners’ holdings in United Parcel Service were worth $644,348,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Capital Advisors Ltd. LLC lifted its position in United Parcel Service by 65.0% in the second quarter. Capital Advisors Ltd. LLC now owns 297 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 117 shares during the period. Kavar Capital Partners LLC purchased a new position in United Parcel Service in the second quarter valued at about $38,000. NumerixS Investment Technologies Inc purchased a new position in United Parcel Service in the second quarter valued at about $38,000. Earnest Partners LLC purchased a new position in United Parcel Service in the second quarter valued at about $40,000. Finally, Orrstown Financial Services Inc. increased its holdings in United Parcel Service by 41.7% in the second quarter. Orrstown Financial Services Inc. now owns 425 shares of the transportation company’s stock valued at $44,000 after buying an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 55.57% of the company’s stock.
Shares of UPS traded down $0.82 during mid-day trading on Wednesday, reaching $120.38. 391,097 shares of the company’s stock were exchanged, compared to its average volume of 2,532,636. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 4.27. The company has a 50-day simple moving average of $118.91 and a two-hundred day simple moving average of $111.51. United Parcel Service, Inc. has a 52-week low of $89.89 and a 52-week high of $125.31. The company has a market cap of $102.36 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 1.81 and a beta of 1.22.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.06 by $0.01. United Parcel Service had a net margin of 6.81% and a return on equity of 154.80%. The business had revenue of $18.32 billion during the quarter, compared to analysts’ expectations of $18.35 billion. During the same period last year, the company posted $1.82 EPS. The company’s revenue was up 5.0% on a year-over-year basis. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.51 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.96 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.19%. United Parcel Service’s dividend payout ratio (DPR) is 53.04%.
In other news, COO James J. Barber sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $116.43, for a total transaction of $174,645.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.17% of the company’s stock.
A number of research analysts have issued reports on UPS shares. Wells Fargo & Co started coverage on shares of United Parcel Service in a report on Monday, October 28th. They issued an “outperform” rating and a $138.00 target price for the company. JPMorgan Chase & Co. set a $135.00 target price on shares of United Parcel Service and gave the company a “neutral” rating in a report on Friday, October 4th. GMP Securities raised shares of United Parcel Service to a “reduce” rating in a report on Monday, October 28th. Daiwa Capital Markets raised shares of United Parcel Service from a “neutral” rating to an “outperform” rating and set a $130.00 target price for the company in a report on Monday, August 26th. Finally, UBS Group set a $136.00 target price on shares of United Parcel Service and gave the company a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. United Parcel Service currently has an average rating of “Hold” and an average target price of $121.99.
United Parcel Service Profile
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
Featured Story: How Does the Quiet Period Work?
Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS).
Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.