California Public Employees Retirement System continued to hold its stake in USD Partners LP (NYSE:USDP) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 150,000 shares of the company’s stock at the end of the second quarter. California Public Employees Retirement System owned about 0.65% of USD Partners worth $1,446,000 as of its most recent SEC filing.
Separately, Evergreen Capital Management LLC raised its stake in USD Partners by 0.4% in the second quarter. Evergreen Capital Management LLC now owns 763,885 shares of the company’s stock valued at $7,364,000 after buying an additional 3,250 shares in the last quarter.
Shares of USD Partners LP (NYSE:USDP) traded down 1.10% during midday trading on Wednesday, reaching $13.45. 15,490 shares of the company’s stock were exchanged. The stock has a market cap of $311.39 million, a P/E ratio of 15.32 and a beta of 1.13. The company’s 50-day moving average is $12.24 and its 200-day moving average is $10.63. USD Partners LP has a one year low of $4.72 and a one year high of $13.60.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of USD Partners from a “sell” rating to a “hold” rating in a report on Wednesday. DA Davidson assumed coverage on shares of USD Partners in a report on Thursday, October 6th. They issued a “buy” rating and a $15.00 target price for the company. FBR & Co assumed coverage on shares of USD Partners in a report on Friday, September 9th. They issued an “outperform” rating and a $18.00 target price for the company. Finally, Citigroup Inc. increased their target price on shares of USD Partners from $10.50 to $11.50 and gave the stock a “neutral” rating in a report on Monday, August 8th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $13.64.
USD Partners Company Profile
USD Partners LP (USD Partners) is a fee-based, master limited partnership formed by US Development Group LLC (USD) to acquire, develop and operate energy-related logistics assets, including rail terminals and other midstream infrastructure. The Company conducts its business through two segments: Terminalling services and Fleet services.