Rehmann Capital Advisory Group Grows Stake in Union Pacific Corporation $UNP

Rehmann Capital Advisory Group raised its stake in Union Pacific Corporation (NYSE:UNP) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,780 shares of the railroad operator’s stock after acquiring an additional 113 shares during the period. Rehmann Capital Advisory Group’s holdings in Union Pacific were worth $1,560,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Northern Trust Corp grew its stake in shares of Union Pacific by 2.0% in the first quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator’s stock worth $1,678,575,000 after acquiring an additional 142,732 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Union Pacific by 5.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator’s stock worth $1,641,715,000 after acquiring an additional 354,463 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Union Pacific by 1.7% in the first quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator’s stock worth $1,206,191,000 after acquiring an additional 86,292 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Union Pacific by 10.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock worth $1,092,893,000 after acquiring an additional 452,788 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Union Pacific in the first quarter worth $988,822,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Stock Down 0.5%

UNP stock opened at $225.35 on Thursday. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84. The business’s 50-day moving average is $225.06 and its two-hundred day moving average is $224.15. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. The company has a market cap of $133.66 billion, a price-to-earnings ratio of 19.58, a P/E/G ratio of 2.35 and a beta of 1.07.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The company had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. During the same quarter in the prior year, the company earned $2.74 earnings per share. Union Pacific’s revenue was up 2.4% on a year-over-year basis. As a group, analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Citigroup reaffirmed a “buy” rating and set a $263.00 price objective (up from $251.00) on shares of Union Pacific in a research report on Monday, October 13th. Wells Fargo & Company increased their price objective on Union Pacific from $250.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Evercore ISI dropped their price objective on Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a research report on Friday, July 25th. Susquehanna reaffirmed a “positive” rating and set a $272.00 price objective (up from $257.00) on shares of Union Pacific in a research report on Thursday, September 25th. Finally, Royal Bank Of Canada increased their price objective on Union Pacific from $257.00 to $276.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and an average target price of $261.58.

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.