Dynamic Technology Lab Private Ltd Purchases New Stake in United Parcel Service, Inc. (UPS)

Dynamic Technology Lab Private Ltd purchased a new stake in United Parcel Service, Inc. (NYSE:UPS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,120 shares of the transportation company’s stock, valued at approximately $1,095,000.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in United Parcel Service by 2.7% during the second quarter. Vanguard Group Inc. now owns 48,402,968 shares of the transportation company’s stock worth $5,352,884,000 after acquiring an additional 1,262,293 shares during the period. BlackRock Inc. increased its position in United Parcel Service by 2,550.9% during the first quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock worth $4,834,013,000 after acquiring an additional 43,351,873 shares during the period. FMR LLC increased its position in United Parcel Service by 0.5% during the second quarter. FMR LLC now owns 14,357,475 shares of the transportation company’s stock worth $1,587,793,000 after acquiring an additional 71,666 shares during the period. Lazard Asset Management LLC increased its position in United Parcel Service by 48.1% during the second quarter. Lazard Asset Management LLC now owns 6,428,560 shares of the transportation company’s stock worth $710,933,000 after acquiring an additional 2,087,477 shares during the period. Finally, Geode Capital Management LLC increased its holdings in United Parcel Service by 7.3% in the 1st quarter. Geode Capital Management LLC now owns 6,357,684 shares of the transportation company’s stock valued at $681,152,000 after buying an additional 431,462 shares during the period. 53.49% of the stock is currently owned by institutional investors.

Several equities research analysts have issued reports on UPS shares. Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a report on Friday, October 6th. Oppenheimer reissued a “buy” rating and issued a $123.00 price target (up previously from $116.00) on shares of United Parcel Service in a report on Wednesday, September 20th. Goldman Sachs Group started coverage on shares of United Parcel Service in a report on Monday, November 13th. They issued a “buy” rating and a $148.00 price target on the stock. Deutsche Bank raised shares of United Parcel Service from a “hold” rating to a “buy” rating and boosted their price target for the company from $125.00 to $135.00 in a report on Monday, December 4th. Finally, Loop Capital boosted their price target on shares of United Parcel Service from $120.00 to $128.00 and gave the company a “hold” rating in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $121.39.

Shares of United Parcel Service, Inc. (NYSE UPS) opened at $123.67 on Wednesday. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $125.16. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33. The company has a market cap of $106,570.00, a price-to-earnings ratio of 30.39, a PEG ratio of 2.14 and a beta of 0.92.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.45. The business had revenue of $15.98 billion for the quarter, compared to the consensus estimate of $15.62 billion. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.44 EPS. sell-side analysts expect that United Parcel Service, Inc. will post 6.01 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This report was first published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this report on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The original version of this report can be read at https://www.chaffeybreeze.com/2018/01/03/dynamic-technology-lab-private-ltd-purchases-new-stake-in-united-parcel-service-inc-ups.html.

About United Parcel Service

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

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).

Institutional Ownership by Quarter for United Parcel Service (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.

Latest News

Leave a Reply