Aigen Investment Management LP Purchases 18,027 Shares of United Parcel Service, Inc. (NYSE:UPS)

Aigen Investment Management LP increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 196.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,224 shares of the transportation company’s stock after purchasing an additional 18,027 shares during the period. United Parcel Service makes up approximately 0.6% of Aigen Investment Management LP’s portfolio, making the stock its 23rd biggest holding. Aigen Investment Management LP’s holdings in United Parcel Service were worth $3,433,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Two Sigma Advisers LP boosted its holdings in shares of United Parcel Service by 833.4% in the 3rd quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company’s stock worth $282,783,000 after purchasing an additional 1,851,900 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of United Parcel Service by 77.7% in the fourth quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company’s stock worth $397,329,000 after purchasing an additional 1,378,136 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in United Parcel Service by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock valued at $2,933,674,000 after purchasing an additional 1,337,058 shares during the period. Nordea Investment Management AB raised its position in United Parcel Service by 30.7% during the 4th quarter. Nordea Investment Management AB now owns 2,919,945 shares of the transportation company’s stock valued at $367,300,000 after purchasing an additional 685,259 shares during the last quarter. Finally, State Street Corp lifted its holdings in United Parcel Service by 2.1% in the 3rd quarter. State Street Corp now owns 29,597,425 shares of the transportation company’s stock worth $4,035,313,000 after buying an additional 613,409 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on UPS. The Goldman Sachs Group dropped their price target on United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Wells Fargo & Company lowered their price objective on shares of United Parcel Service from $150.00 to $128.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Susquehanna reduced their target price on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Stifel Nicolaus reduced their price target on United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Finally, Raymond James dropped their target price on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Moderate Buy” and an average target price of $140.73.

United Parcel Service Trading Down 2.1 %

UPS stock opened at $116.79 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The company has a market capitalization of $99.75 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 1.55 and a beta of 0.98. United Parcel Service, Inc. has a 1-year low of $109.40 and a 1-year high of $158.95. The business has a 50 day simple moving average of $122.09 and a two-hundred day simple moving average of $127.94.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the prior year, the company posted $2.47 earnings per share. Research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be paid a $1.64 dividend. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 5.62%. United Parcel Service’s payout ratio is 97.04%.

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.