Syntax Research Inc. Reduces Stock Position in United Parcel Service, Inc. $UPS

Syntax Research Inc. cut its stake in United Parcel Service, Inc. (NYSE:UPS) by 40.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,700 shares of the transportation company’s stock after selling 8,773 shares during the period. Syntax Research Inc.’s holdings in United Parcel Service were worth $1,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in United Parcel Service by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 68,496,420 shares of the transportation company’s stock valued at $6,794,160,000 after acquiring an additional 1,218,432 shares during the last quarter. AQR Capital Management LLC lifted its holdings in United Parcel Service by 94.8% in the second quarter. AQR Capital Management LLC now owns 2,300,081 shares of the transportation company’s stock valued at $231,388,000 after acquiring an additional 1,119,372 shares during the last quarter. Invesco Ltd. lifted its holdings in United Parcel Service by 17.3% in the third quarter. Invesco Ltd. now owns 6,724,265 shares of the transportation company’s stock valued at $561,678,000 after acquiring an additional 993,461 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in United Parcel Service by 10.5% in the third quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company’s stock valued at $667,109,000 after acquiring an additional 761,217 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in United Parcel Service by 155.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,071,487 shares of the transportation company’s stock valued at $106,281,000 after acquiring an additional 652,750 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UPS has been the topic of a number of recent analyst reports. BNP Paribas Exane cut United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 price objective on the stock. in a report on Tuesday, January 13th. Wells Fargo & Company upped their price objective on United Parcel Service from $96.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, January 28th. Bank of America upgraded United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 price objective on the stock in a report on Friday, January 9th. TD Cowen upped their price target on United Parcel Service from $101.00 to $115.00 and gave the stock a “hold” rating in a research note on Wednesday, January 28th. Finally, Stephens upped their price target on United Parcel Service from $113.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $112.08.

United Parcel Service Stock Down 1.1%

NYSE:UPS opened at $107.60 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.21 and a debt-to-equity ratio of 1.50. The stock’s fifty day moving average is $103.46 and its two-hundred day moving average is $101.66. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $122.41. The stock has a market capitalization of $91.36 billion, a price-to-earnings ratio of 17.41, a price-to-earnings-growth ratio of 1.73 and a beta of 1.12.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The company had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $20.99 billion. During the same period in the prior year, the firm earned $1.49 earnings per share. The firm’s revenue was down 1.4% compared to the same quarter last year. Research analysts anticipate that United Parcel Service, Inc. will post 7.11 EPS for the current year.

United Parcel Service Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.