Frank Rimerman Advisors LLC Acquires 413 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Frank Rimerman Advisors LLC lifted its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 7.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,113 shares of the transportation company’s stock after purchasing an additional 413 shares during the period. Frank Rimerman Advisors LLC’s holdings in United Airlines were worth $594,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Bank of Jackson Hole Trust acquired a new stake in United Airlines during the fourth quarter worth about $25,000. Hemington Wealth Management grew its position in United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after buying an additional 131 shares in the last quarter. Roxbury Financial LLC acquired a new stake in United Airlines during the fourth quarter worth about $32,000. Whipplewood Advisors LLC acquired a new stake in United Airlines during the fourth quarter worth about $32,000. Finally, Bell Investment Advisors Inc grew its position in United Airlines by 60.3% during the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock worth $35,000 after buying an additional 135 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors.

United Airlines Stock Performance

NASDAQ:UAL opened at $73.67 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The firm has a 50 day moving average of $99.44 and a 200-day moving average of $84.65. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $116.00. The stock has a market capitalization of $24.12 billion, a P/E ratio of 7.81, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping the consensus estimate of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The firm had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter in the previous year, the company posted $2.00 EPS. United Airlines’s revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts anticipate that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Melius Research raised United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. Barclays set a $140.00 price objective on United Airlines and gave the company an “overweight” rating in a report on Wednesday. Raymond James reaffirmed an “outperform” rating and set a $130.00 price objective (up from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. UBS Group lifted their price objective on United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Finally, Bank of America decreased their price objective on United Airlines from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $114.95.

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.