Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of Union Pacific Co. (NYSE:UNP) by 3,545.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 358,459 shares of the railroad operator’s stock after purchasing an additional 348,625 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Union Pacific were worth $58,368,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in UNP. Lenox Wealth Advisors LLC acquired a new stake in Union Pacific in the 2nd quarter valued at about $105,000. Landaas & Co. WI ADV acquired a new stake in Union Pacific in the 2nd quarter valued at about $133,000. grace capital acquired a new stake in Union Pacific in the 2nd quarter valued at about $142,000. Exane Derivatives raised its position in Union Pacific by 85.1% in the 2nd 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. acquired a new stake in Union Pacific in the 2nd quarter valued at about $169,000. Institutional investors and hedge funds own 80.80% of the company’s stock.
Shares of NYSE UNP opened at $150.25 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.89 and a debt-to-equity ratio of 1.01. Union Pacific Co. has a fifty-two week low of $115.16 and a fifty-two week high of $165.63. The stock has a market cap of $112.63 billion, a PE ratio of 20.83, a price-to-earnings-growth ratio of 1.83 and a beta of 0.95.
Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, October 25th. The railroad operator reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.05. Union Pacific had a return on equity of 25.02% and a net margin of 51.90%. The business had revenue of $5.93 billion for the quarter, compared to analyst estimates of $5.88 billion. During the same quarter last year, the company earned $1.50 EPS. Equities analysts forecast that Union Pacific Co. will post 7.84 EPS for the current year.
In other news, EVP Robert M. Knight, Jr. sold 20,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 106,518 shares of the company’s stock, valued at approximately $17,448,713.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Lynden L. Tennison sold 8,450 shares of the firm’s stock in a transaction dated 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 directly owns 53,978 shares in the company, valued at approximately $8,189,542.16. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.
A number of equities research analysts have issued reports on UNP shares. Zacks Investment Research raised Union Pacific from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a research report on Wednesday, July 18th. Cowen reaffirmed a “hold” rating and issued a $151.00 price target on shares of Union Pacific in a research report on Thursday, July 19th. Credit Suisse Group increased their price target on Union Pacific from $167.00 to $185.00 and gave the company an “outperform” rating in a research report on Thursday, September 20th. Morgan Stanley increased their price target on Union Pacific from $140.00 to $141.00 and gave the company a “hold” rating in a research report on Tuesday, October 9th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $145.00 price target on shares of Union Pacific in a research report on Friday, July 20th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. Union Pacific has an average rating of “Hold” and an average price target of $161.44.
Union Pacific Profile
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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