Becker Capital Management Inc. boosted its position in shares of Union Pacific Co. (NYSE:UNP) by 19.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,197 shares of the railroad operator’s stock after acquiring an additional 3,940 shares during the period. Becker Capital Management Inc.’s holdings in Union Pacific were worth $3,940,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Lenox Wealth Advisors LLC purchased a new position in shares of Union Pacific in the second quarter valued at $105,000. Landaas & Co. WI ADV purchased a new position in shares of Union Pacific in the second quarter valued at $133,000. grace capital purchased a new position in shares of Union Pacific in the second quarter valued at $142,000. Exane Derivatives grew its holdings in shares of Union Pacific by 85.1% in the second quarter. Exane Derivatives now owns 1,096 shares of the railroad operator’s stock valued at $155,000 after purchasing an additional 504 shares in the last quarter. Finally, Brand Asset Management Group Inc. purchased a new position in shares of Union Pacific in the second quarter valued at $169,000. Institutional investors own 80.80% of the company’s stock.
In other news, EVP Robert M. Knight, Jr. sold 20,000 shares of Union Pacific stock in a transaction on Monday, September 24th. The stock was sold at an average price of $163.81, for a total transaction of $3,276,200.00. Following the completion of the sale, the executive vice president now directly owns 106,518 shares in the company, valued at $17,448,713.58. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Lynden L. Tennison sold 8,450 shares of Union Pacific stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $151.72, for a total value of $1,282,034.00. Following the sale, the executive vice president now owns 53,978 shares of the company’s stock, valued at $8,189,542.16. The disclosure for this sale can be found here. 0.20% of the stock is owned by insiders.
A number of research analysts recently weighed in on the stock. UBS Group raised their target price on shares of Union Pacific from $160.00 to $161.00 and gave the company a “buy” rating in a report on Friday, July 20th. Cowen reissued a “hold” rating and issued a $151.00 target price on shares of Union Pacific in a report on Thursday, July 19th. TD Securities lowered shares of Union Pacific from a “buy” rating to a “hold” rating and cut their target price for the company from $170.00 to $160.00 in a report on Friday, October 26th. Bank of America raised their target price on shares of Union Pacific from $158.00 to $166.00 and gave the company a “buy” rating in a report on Thursday, August 16th. Finally, Loop Capital raised shares of Union Pacific from a “hold” rating to a “buy” rating in a report on Tuesday, September 18th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $161.44.
NYSE UNP opened at $150.25 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.06 and a debt-to-equity ratio of 1.01. The firm has a market cap of $110.64 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 1.79 and a beta of 0.95. Union Pacific Co. has a 52 week low of $115.16 and a 52 week high of $165.63.
Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, October 25th. The railroad operator reported $2.15 EPS for the quarter, topping the consensus estimate of $2.10 by $0.05. The company had revenue of $5.93 billion during the quarter, compared to analyst estimates of $5.88 billion. Union Pacific had a net margin of 51.90% and a return on equity of 25.02%. During the same period in the previous year, the firm earned $1.50 earnings per share. Analysts predict that Union Pacific Co. will post 7.84 EPS for the current fiscal year.
About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.
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