Chicago Capital LLC Grows Stock Holdings in Union Pacific Co. (NYSE:UNP)

Chicago Capital LLC raised its stake in shares of Union Pacific Co. (NYSE:UNP) by 13.4% in the 1st quarter, Holdings Channel reports. The fund owned 11,093 shares of the railroad operator’s stock after acquiring an additional 1,308 shares during the quarter. Chicago Capital LLC’s holdings in Union Pacific were worth $2,621,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC boosted its holdings in Union Pacific by 103.5% in the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock valued at $27,000 after purchasing an additional 59 shares in the last quarter. EnRich Financial Partners LLC acquired a new position in Union Pacific during the fourth quarter worth about $31,000. Strategic Investment Solutions Inc. IL lifted its holdings in shares of Union Pacific by 38.8% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator’s stock valued at $39,000 after purchasing an additional 45 shares in the last quarter. Centricity Wealth Management LLC purchased a new stake in shares of Union Pacific in the fourth quarter valued at about $51,000. Finally, Midwest Capital Advisors LLC acquired a new stake in shares of Union Pacific in the fourth quarter valued at approximately $54,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on UNP shares. Barclays reduced their target price on Union Pacific from $285.00 to $260.00 and set an “overweight” rating on the stock in a research note on Friday, April 25th. Stephens dropped their price objective on shares of Union Pacific from $275.00 to $255.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Susquehanna dropped their price target on Union Pacific from $255.00 to $245.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Citigroup upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating and reduced their target price for the company from $260.00 to $244.00 in a report on Tuesday, April 8th. Finally, Argus upgraded Union Pacific to a “strong-buy” rating in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Union Pacific currently has a consensus rating of “Moderate Buy” and an average target price of $257.74.

Union Pacific Stock Performance

Union Pacific stock opened at $224.59 on Tuesday. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.77 and a quick ratio of 0.62. Union Pacific Co. has a 12 month low of $204.66 and a 12 month high of $258.07. The company has a fifty day moving average price of $221.23 and a two-hundred day moving average price of $231.31. The company has a market cap of $134.19 billion, a PE ratio of 20.25, a P/E/G ratio of 2.15 and a beta of 1.05.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, April 24th. The railroad operator reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.03). Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. The business had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.11 billion. During the same period in the prior year, the company earned $2.69 EPS. Union Pacific’s quarterly revenue was down .1% on a year-over-year basis. Research analysts expect that Union Pacific Co. will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be given a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Friday, May 30th. Union Pacific’s payout ratio is 48.29%.

About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.