Icon Advisers Inc. Co. lowered its stake in Union Pacific Co. (NYSE:UNP) by 15.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 83,809 shares of the railroad operator’s stock after selling 14,845 shares during the quarter. Union Pacific comprises 1.2% of Icon Advisers Inc. Co.’s portfolio, making the stock its 21st largest position. Icon Advisers Inc. Co.’s holdings in Union Pacific were worth $13,647,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Arrow Financial Corp increased its position in Union Pacific by 2.3% in the 3rd quarter. Arrow Financial Corp now owns 14,995 shares of the railroad operator’s stock valued at $2,442,000 after acquiring an additional 339 shares during the period. FineMark National Bank & Trust boosted its position in shares of Union Pacific by 1.3% in the third quarter. FineMark National Bank & Trust now owns 26,030 shares of the railroad operator’s stock worth $4,238,000 after buying an additional 341 shares during the period. Fluent Financial LLC boosted its position in shares of Union Pacific by 11.4% in the second quarter. Fluent Financial LLC now owns 3,506 shares of the railroad operator’s stock worth $497,000 after buying an additional 358 shares during the period. Good Life Advisors LLC boosted its position in Union Pacific by 9.5% during the third quarter. Good Life Advisors LLC now owns 4,241 shares of the railroad operator’s stock valued at $690,000 after purchasing an additional 367 shares during the last quarter. Finally, Whittier Trust Co. boosted its position in Union Pacific by 0.7% during the second quarter. Whittier Trust Co. now owns 49,496 shares of the railroad operator’s stock valued at $7,013,000 after purchasing an additional 368 shares during the last quarter. Institutional investors and hedge funds own 80.80% of the company’s stock.
Shares of NYSE:UNP opened at $150.25 on Friday. The firm 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. 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 52 week low of $115.16 and a 52 week high of $165.63.
Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, October 25th. The railroad operator reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.05. Union Pacific had a net margin of 51.90% and a return on equity of 25.02%. The firm had revenue of $5.93 billion during the quarter, compared to the consensus estimate of $5.88 billion. During the same period in the previous year, the firm posted $1.50 earnings per share. Equities analysts anticipate that Union Pacific Co. will post 7.84 earnings per share for the current year.
UNP has been the subject of a number of analyst reports. Scotiabank set a $175.00 price target on Union Pacific and gave the stock a “buy” rating in a research report on Friday, October 26th. Credit Suisse Group boosted their price target on Union Pacific from $187.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, October 26th. Cowen boosted their price target on Union Pacific from $151.00 to $153.00 and gave the company a “market perform” rating in a research note on Friday, October 26th. TD Securities downgraded Union Pacific from a “buy” rating to a “hold” rating and decreased their price objective for the company from $170.00 to $160.00 in a report on Friday, October 26th. Finally, Morgan Stanley downgraded Union Pacific from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $141.00 to $134.00 in a report on Monday, October 22nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $161.44.
In other Union Pacific news, EVP Robert M. Knight, Jr. sold 20,000 shares of the business’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $163.81, for a total value of $3,276,200.00. Following the transaction, 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 this hyperlink. Also, EVP Lynden L. Tennison sold 8,450 shares of the business’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $151.72, for a total transaction of $1,282,034.00. Following the completion of the transaction, the executive vice president now owns 53,978 shares in the company, valued at $8,189,542.16. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.
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Union Pacific Company 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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