United Parcel Service (NYSE:UPS) Rating Lowered to Neutral at Robert W. Baird

United Parcel Service (NYSE:UPS) was downgraded by equities researchers at Robert W. Baird from an “outperform” rating to a “neutral” rating in a research note issued on Friday,Briefing.com Automated Import reports. They presently have a $130.00 price target on the transportation company’s stock, down from their prior price target of $160.00. Robert W. Baird’s price target would indicate a potential upside of 13.10% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. UBS Group raised their target price on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Stifel Nicolaus reduced their price objective on United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. 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. The Goldman Sachs Group dropped their price objective on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Finally, Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $149.81.

United Parcel Service Trading Down 14.1 %

NYSE:UPS opened at $114.94 on Friday. United Parcel Service has a 52 week low of $109.62 and a 52 week high of $158.95. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The company has a market cap of $98.09 billion, a PE ratio of 17.36, a P/E/G ratio of 1.88 and a beta of 1.00. The business’s 50 day moving average is $129.05 and its two-hundred day moving average is $130.72.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. During the same period in the prior year, the firm earned $2.47 earnings per share. On average, analysts predict that United Parcel Service will post 7.5 EPS for the current year.

Insider Buying and Selling at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the transaction, the insider now owns 45,098 shares in the company, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On United Parcel Service

A number of institutional investors have recently bought and sold shares of the business. JFS Wealth Advisors LLC increased its stake in United Parcel Service by 8.7% in the 4th quarter. JFS Wealth Advisors LLC now owns 4,426 shares of the transportation company’s stock valued at $558,000 after buying an additional 354 shares during the period. Hourglass Capital LLC acquired a new stake in United Parcel Service during the fourth quarter valued at $3,854,000. Strategic Financial Concepts LLC acquired a new position in United Parcel Service in the 4th quarter worth about $5,358,000. Allworth Financial LP raised its stake in shares of United Parcel Service by 2.1% during the 4th quarter. Allworth Financial LP now owns 143,765 shares of the transportation company’s stock worth $19,056,000 after purchasing an additional 2,914 shares in the last quarter. Finally, Principal Securities Inc. increased its holdings in United Parcel Service by 2.9% in the fourth quarter. Principal Securities Inc. now owns 42,247 shares of the transportation company’s stock worth $5,327,000 after buying an additional 1,172 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

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.