Millburn Ridgefield Corp Acquires New Shares in Union Pacific Co. (NYSE:UNP)

Millburn Ridgefield Corp purchased a new stake in shares of Union Pacific Co. (NYSE:UNP) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,154 shares of the railroad operator’s stock, valued at approximately $284,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Marshall Wace LLP increased its stake in shares of Union Pacific by 272.3% in the second quarter. Marshall Wace LLP now owns 1,678,108 shares of the railroad operator’s stock valued at $379,689,000 after buying an additional 1,227,318 shares during the period. International Assets Investment Management LLC increased its position in shares of Union Pacific by 19,878.6% during the third quarter. International Assets Investment Management LLC now owns 896,040 shares of the railroad operator’s stock worth $220,856,000 after buying an additional 891,555 shares during the period. Impax Asset Management Group plc raised its stake in Union Pacific by 2,025.4% during the third quarter. Impax Asset Management Group plc now owns 546,236 shares of the railroad operator’s stock worth $134,636,000 after buying an additional 520,536 shares during the last quarter. Jennison Associates LLC lifted its holdings in Union Pacific by 170.9% in the third quarter. Jennison Associates LLC now owns 736,246 shares of the railroad operator’s stock valued at $181,470,000 after buying an additional 464,477 shares during the period. Finally, Bridges Investment Management Inc. boosted its position in Union Pacific by 186.4% during the second quarter. Bridges Investment Management Inc. now owns 704,769 shares of the railroad operator’s stock valued at $159,461,000 after acquiring an additional 458,664 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Trading Down 1.6 %

Shares of UNP stock opened at $236.97 on Wednesday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77. The company has a market capitalization of $143.67 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 2.38 and a beta of 1.05. Union Pacific Co. has a 52-week low of $218.55 and a 52-week high of $258.66. The company has a 50-day simple moving average of $239.81 and a two-hundred day simple moving average of $238.36.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.78 by ($0.03). The business had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.14 billion. Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The business’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.51 earnings per share. Research analysts anticipate that Union Pacific Co. will post 10.94 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be given a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 2.26%. The ex-dividend date is Monday, December 9th. Union Pacific’s dividend payout ratio is 49.22%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Royal Bank of Canada lowered their price objective on Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Bank of America lowered their target price on Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. BMO Capital Markets cut their price target on Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, September 20th. Barclays lifted their price objective on shares of Union Pacific from $275.00 to $285.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Finally, Evercore ISI downgraded shares of Union Pacific from an “outperform” rating to an “inline” rating and dropped their target price for the company from $254.00 to $247.00 in a research report on Wednesday, September 25th. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Union Pacific has an average rating of “Moderate Buy” and a consensus price target of $259.80.

Union Pacific Company 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.