Swiss Life Asset Management Ltd trimmed its holdings in Union Pacific Corporation (NYSE:UNP – Free Report) by 1.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 256,574 shares of the railroad operator’s stock after selling 3,603 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Union Pacific were worth $59,351,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Acadian Asset Management LLC raised its holdings in Union Pacific by 40.4% during the 1st quarter. Acadian Asset Management LLC now owns 2,312 shares of the railroad operator’s stock valued at $546,000 after buying an additional 665 shares during the last quarter. Schnieders Capital Management LLC. raised its holdings in Union Pacific by 0.5% during the 2nd quarter. Schnieders Capital Management LLC. now owns 20,606 shares of the railroad operator’s stock valued at $4,741,000 after buying an additional 102 shares during the last quarter. Main Street Financial Solutions LLC raised its holdings in Union Pacific by 1.6% during the 2nd quarter. Main Street Financial Solutions LLC now owns 3,733 shares of the railroad operator’s stock valued at $859,000 after buying an additional 58 shares during the last quarter. HUB Investment Partners LLC raised its holdings in Union Pacific by 10.0% during the 2nd quarter. HUB Investment Partners LLC now owns 6,091 shares of the railroad operator’s stock valued at $1,401,000 after buying an additional 554 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Union Pacific by 7.4% during the 2nd quarter. Alliancebernstein L.P. now owns 1,528,426 shares of the railroad operator’s stock valued at $351,660,000 after buying an additional 105,664 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on UNP shares. Barclays reiterated an “overweight” rating and set a $315.00 price target (up from $285.00) on shares of Union Pacific in a report on Friday, April 24th. TD Cowen upped their price target on shares of Union Pacific from $256.00 to $282.00 and gave the company a “buy” rating in a report on Friday, April 24th. Wells Fargo & Company restated an “overweight” rating and issued a $300.00 price objective (up from $260.00) on shares of Union Pacific in a report on Friday, April 24th. Benchmark upped their price objective on shares of Union Pacific from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, Sanford C. Bernstein upped their price objective on shares of Union Pacific from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Union Pacific currently has a consensus rating of “Moderate Buy” and a consensus price target of $279.55.
Union Pacific Stock Down 0.1%
Shares of NYSE UNP opened at $264.38 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.53. Union Pacific Corporation has a 12 month low of $210.84 and a 12 month high of $274.79. The firm has a market capitalization of $156.96 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 2.81 and a beta of 0.99. The firm has a fifty day simple moving average of $252.20 and a two-hundred day simple moving average of $240.37.
Union Pacific (NYSE:UNP – Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, topping the consensus estimate of $2.86 by $0.07. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The business had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.12 billion. During the same period in the prior year, the business earned $2.70 EPS. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. Equities analysts expect that Union Pacific Corporation will post 12.53 earnings per share for the current year.
Insider Transactions at Union Pacific
In other news, EVP Eric J. Gehringer sold 1,999 shares of the company’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $234.93, for a total value of $469,625.07. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jennifer L. Hamann sold 2,000 shares of the company’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $274.70, for a total transaction of $549,400.00. Following the completion of the sale, the chief financial officer directly owned 114,642 shares in the company, valued at $31,492,157.40. This represents a 1.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 31,386 shares of company stock valued at $8,461,716 in the last three months. 0.22% of the stock is currently owned by company insiders.
Union Pacific Profile
Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.
Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.
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