D.A. Davidson & CO. lowered its holdings in Union Pacific Corporation (NYSE:UNP – Free Report) by 1.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 151,999 shares of the railroad operator’s stock after selling 2,632 shares during the quarter. D.A. Davidson & CO.’s holdings in Union Pacific were worth $41,363,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the business. Eastern Bank lifted its position in Union Pacific by 2.6% in the third quarter. Eastern Bank now owns 214,567 shares of the railroad operator’s stock valued at $58,390,000 after buying an additional 5,380 shares during the last quarter. BNP Paribas increased its position in shares of Union Pacific by 21.5% during the second quarter. BNP Paribas now owns 60,465 shares of the railroad operator’s stock valued at $16,454,000 after acquiring an additional 10,706 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of Union Pacific by 9.4% during the second quarter. QRG Capital Management Inc. now owns 102,949 shares of the railroad operator’s stock valued at $28,002,000 after acquiring an additional 8,842 shares during the last quarter. KBC Group NV raised its stake in shares of Union Pacific by 17.7% in the 2nd quarter. KBC Group NV now owns 108,489 shares of the railroad operator’s stock valued at $29,509,000 after acquiring an additional 16,295 shares during the period. Finally, Axiom Investment Management LLC purchased a new stake in shares of Union Pacific in the 1st quarter valued at approximately $9,151,000. Institutional investors and hedge funds own 80.38% of the company’s stock.
Union Pacific Price Performance
UNP opened at $297.08 on Thursday. The stock’s 50-day moving average price is $287.51 and its 200 day moving average price is $269.32. Union Pacific Corporation has a 12-month low of $215.53 and a 12-month high of $315.99. The firm has a market cap of $176.54 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 2.89 and a beta of 0.95. The company has a current ratio of 1.16, a quick ratio of 0.99 and a debt-to-equity ratio of 1.32.
Union Pacific (NYSE:UNP – Get Free Report) last released its earnings results on Thursday, October 22nd. The railroad operator reported $3.53 earnings per share for the quarter, beating the consensus estimate of $3.47 by $0.06. The company had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.16 billion. Union Pacific had a return on equity of 37.54% and a net margin of 28.90%. Union Pacific’s revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the company posted $3.08 EPS. As a group, sell-side analysts expect that Union Pacific Corporation will post 13.13 earnings per share for the current year.
Analyst Ratings Changes
Several equities analysts have recently commented on UNP shares. Erste Group Bank started coverage on shares of Union Pacific in a report on Thursday, August 27th. They issued a “buy” rating on the stock. UBS Group reaffirmed a “buy” rating on shares of Union Pacific in a research report on Friday, October 23rd. Barclays reiterated an “overweight” rating and issued a $350.00 target price (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. TD Cowen reissued a “buy” rating and issued a $328.00 target price (up from $325.00) on shares of Union Pacific in a research report on Friday, October 23rd. Finally, Susquehanna boosted their target price on Union Pacific from $333.00 to $345.00 and gave the company a “positive” rating in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.44.
Check Out Our Latest Stock Analysis on Union Pacific
About Union Pacific
Union Pacific Corporation (NYSE: UNP) is a transportation company that operates one of the largest freight railroad networks in the United States. Through its Union Pacific Railroad subsidiary, the company moves goods across the western two-thirds of the country, connecting major agricultural, industrial, energy, population and port markets.
Union Pacific transports a broad range of commodities and products, including agricultural goods, automotive shipments, chemicals, coal, industrial products, forest products and intermodal containers.
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