United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Impax Asset Management Group plc

Impax Asset Management Group plc grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 22.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 335,306 shares of the transportation company’s stock after acquiring an additional 61,360 shares during the period. Impax Asset Management Group plc’s holdings in United Parcel Service were worth $45,716,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of UPS. Hazlett Burt & Watson Inc. boosted its position in shares of United Parcel Service by 24.2% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,216 shares of the transportation company’s stock valued at $164,000 after purchasing an additional 237 shares during the period. Quintet Private Bank Europe S.A. lifted its stake in United Parcel Service by 7.1% during the third quarter. Quintet Private Bank Europe S.A. now owns 17,264 shares of the transportation company’s stock valued at $2,354,000 after buying an additional 1,149 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in shares of United Parcel Service by 0.7% in the third quarter. QRG Capital Management Inc. now owns 98,784 shares of the transportation company’s stock worth $13,468,000 after buying an additional 682 shares during the period. Asset Management One Co. Ltd. increased its position in shares of United Parcel Service by 1.8% in the third quarter. Asset Management One Co. Ltd. now owns 278,713 shares of the transportation company’s stock worth $38,000,000 after acquiring an additional 4,981 shares in the last quarter. Finally, National Pension Service raised its holdings in shares of United Parcel Service by 11.6% during the third quarter. National Pension Service now owns 1,296,691 shares of the transportation company’s stock valued at $176,791,000 after acquiring an additional 135,270 shares during the period. 60.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

UPS has been the subject of a number of recent analyst reports. TD Cowen began coverage on shares of United Parcel Service in a research note on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price objective for the company. Wells Fargo & Company raised their target price on United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. dropped their price target on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Oppenheimer upped their target price on United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Finally, Barclays reaffirmed an “underweight” rating and issued a $120.00 target price on shares of United Parcel Service in a research report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service presently has an average rating of “Moderate Buy” and a consensus target price of $151.71.

United Parcel Service Stock Down 0.8 %

Shares of UPS stock opened at $133.00 on Tuesday. The stock has a 50 day moving average of $131.58 and a 200-day moving average of $135.46. The firm has a market cap of $113.93 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The company has a quick ratio of 1.25, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.13. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the business posted $1.57 EPS. On average, equities analysts predict that United Parcel Service, Inc. will post 7.47 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s payout ratio is 98.49%.

United Parcel Service Company Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.