Ethic Inc. Increases Stock Position in Union Pacific Corporation $UNP

Ethic Inc. grew its stake in shares of Union Pacific Corporation (NYSE:UNP) by 7.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,845 shares of the railroad operator’s stock after buying an additional 2,424 shares during the period. Ethic Inc.’s holdings in Union Pacific were worth $8,526,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in UNP. GAMMA Investing LLC boosted its position in Union Pacific by 16.8% during the 1st quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator’s stock worth $2,491,000 after purchasing an additional 1,520 shares during the period. Continuum Advisory LLC boosted its position in Union Pacific by 10.1% during the 1st quarter. Continuum Advisory LLC now owns 579 shares of the railroad operator’s stock worth $137,000 after purchasing an additional 53 shares during the period. Oppenheimer Asset Management Inc. boosted its position in Union Pacific by 2.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 28,492 shares of the railroad operator’s stock worth $6,731,000 after purchasing an additional 769 shares during the period. Legacy Advisors LLC boosted its position in Union Pacific by 14.1% during the 1st quarter. Legacy Advisors LLC now owns 3,438 shares of the railroad operator’s stock worth $812,000 after purchasing an additional 425 shares during the period. Finally, Consolidated Portfolio Review Corp boosted its position in Union Pacific by 37.0% during the 1st quarter. Consolidated Portfolio Review Corp now owns 3,443 shares of the railroad operator’s stock worth $813,000 after purchasing an additional 929 shares during the period. 80.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on UNP. Weiss Ratings reiterated a “hold (c+)” rating on shares of Union Pacific in a report on Wednesday, October 8th. Wells Fargo & Company boosted their price objective on shares of Union Pacific from $250.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. UBS Group set a $253.00 price objective on shares of Union Pacific and gave the stock a “neutral” rating in a report on Friday, October 3rd. Baird R W upgraded shares of Union Pacific to a “hold” rating in a report on Tuesday, July 1st. Finally, Morgan Stanley cut their price objective on shares of Union Pacific from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $261.58.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $225.35 on Thursday. The firm has a market cap of $133.66 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 2.35 and a beta of 1.07. The firm’s 50-day simple moving average is $225.06 and its 200-day simple 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. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84.

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

Union Pacific Profile

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.