Greenleaf Trust Sells 375 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Greenleaf Trust lowered its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 6.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,295 shares of the transportation company’s stock after selling 375 shares during the quarter. Greenleaf Trust’s holdings in United Airlines were worth $514,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Castle Hook Partners LP boosted its stake in shares of United Airlines by 176.1% in the 3rd quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock worth $242,227,000 after buying an additional 2,707,442 shares during the last quarter. Rubric Capital Management LP purchased a new position in United Airlines in the third quarter worth about $63,486,000. Sanders Capital LLC grew its stake in shares of United Airlines by 12.4% during the 3rd quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock valued at $539,650,000 after purchasing an additional 1,040,589 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of United Airlines by 41.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after purchasing an additional 908,558 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of United Airlines by 1,492.8% in the 4th quarter. SG Americas Securities LLC now owns 912,019 shares of the transportation company’s stock worth $88,557,000 after purchasing an additional 854,759 shares during the period. Institutional investors own 69.69% of the company’s stock.

United Airlines Price Performance

NASDAQ:UAL opened at $108.67 on Wednesday. The company has a market capitalization of $35.74 billion, a P/E ratio of 11.52, a P/E/G ratio of 0.69 and a beta of 1.43. The business’s 50-day moving average is $100.90 and its 200 day moving average is $74.05. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00.

United Airlines (NASDAQ:UAL) last posted its earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, beating analysts’ consensus estimates of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the prior year, the company earned $2.00 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts forecast that United Airlines Holdings, Inc. will post 13.09 earnings per share for the current fiscal year.

United Airlines declared that its board has approved a stock repurchase program on Tuesday, October 15th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the transportation company to repurchase up to 7.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, EVP Linda P. Jojo sold 60,000 shares of United Airlines stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $95.12, for a total value of $5,707,200.00. Following the completion of the transaction, the executive vice president now owns 63,599 shares in the company, valued at approximately $6,049,536.88. The trade was a 48.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.63% of the company’s stock.

Wall Street Analysts Forecast Growth

UAL has been the subject of a number of research reports. Jefferies Financial Group upped their target price on shares of United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a report on Monday, October 21st. Raymond James reaffirmed an “outperform” rating and issued a $130.00 target price (up from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. Citigroup boosted their price target on United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. raised their price objective on United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Finally, Morgan Stanley increased their target price on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $110.83.

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.