UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 9,834 Shares of United States Lime & Minerals, Inc. (NASDAQ:USLM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in United States Lime & Minerals, Inc. (NASDAQ:USLM) by 272.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,438 shares of the construction company’s stock after purchasing an additional 9,834 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in United States Lime & Minerals were worth $1,312,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of USLM. Bank of New York Mellon Corp increased its holdings in shares of United States Lime & Minerals by 5.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 17,553 shares of the construction company’s stock worth $6,392,000 after buying an additional 869 shares during the last quarter. Aptus Capital Advisors LLC purchased a new position in United States Lime & Minerals in the second quarter worth $1,685,000. Arizona State Retirement System bought a new position in United States Lime & Minerals in the second quarter valued at $233,000. Koss Olinger Consulting LLC purchased a new stake in United States Lime & Minerals during the second quarter valued at about $758,000. Finally, Quest Partners LLC bought a new stake in United States Lime & Minerals during the second quarter worth about $125,000. 27.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded United States Lime & Minerals from a “hold” rating to a “buy” rating in a research report on Tuesday, October 22nd.

Insiders Place Their Bets

In other United States Lime & Minerals news, CEO Timothy W. Byrne sold 22,261 shares of United States Lime & Minerals stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $141.73, for a total value of $3,155,051.53. Following the transaction, the chief executive officer now directly owns 125,004 shares of the company’s stock, valued at $17,716,816.92. The trade was a 15.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Nathan O’neill sold 1,750 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $139.73, for a total value of $244,527.50. Following the completion of the sale, the vice president now owns 7,880 shares of the company’s stock, valued at $1,101,072.40. The trade was a 18.17 % decrease in their position. The disclosure for this sale can be found here. 2.16% of the stock is currently owned by insiders.

United States Lime & Minerals Price Performance

Shares of NASDAQ USLM opened at $141.40 on Wednesday. The stock has a market capitalization of $4.04 billion, a P/E ratio of 40.99 and a beta of 0.89. United States Lime & Minerals, Inc. has a one year low of $42.87 and a one year high of $159.53. The firm’s 50 day simple moving average is $129.91 and its two-hundred day simple moving average is $96.70.

United States Lime & Minerals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 22nd were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date was Friday, November 22nd. United States Lime & Minerals’s payout ratio is presently 5.80%.

About United States Lime & Minerals

United States Lime & Minerals, Inc manufactures and supplies lime and limestone products in the United States. It extracts limestone from open-pit quarries and an underground mine, and processes it as pulverized limestone, quicklime, hydrated lime, and lime slurry. The company supplies its products primarily to the construction customers, including highway, road, and building contractors; industrial customers, such as paper and glass manufacturers; environmental customers comprising municipal sanitation and water treatment facilities, and flue gas treatment processes; oil and gas services companies; roof shingle manufacturers; and poultry producers.