Pacer Advisors Inc. Boosts Stock Position in Union Pacific Co. (NYSE:UNP)

Pacer Advisors Inc. grew its holdings in shares of Union Pacific Co. (NYSE:UNP) by 19.5% in the third quarter, Holdings Channel reports. The institutional investor owned 62,549 shares of the railroad operator’s stock after purchasing an additional 10,205 shares during the period. Pacer Advisors Inc.’s holdings in Union Pacific were worth $15,417,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in UNP. Edgestream Partners L.P. purchased a new stake in shares of Union Pacific during the 1st quarter worth approximately $217,000. EntryPoint Capital LLC purchased a new stake in Union Pacific in the first quarter valued at $97,000. LRI Investments LLC acquired a new position in Union Pacific in the first quarter valued at $189,000. Kestra Advisory Services LLC grew its holdings in shares of Union Pacific by 13.6% during the first quarter. Kestra Advisory Services LLC now owns 90,758 shares of the railroad operator’s stock worth $22,320,000 after purchasing an additional 10,876 shares during the last quarter. Finally, Transcendent Capital Group LLC increased its position in shares of Union Pacific by 83.2% during the first quarter. Transcendent Capital Group LLC now owns 251 shares of the railroad operator’s stock worth $62,000 after purchasing an additional 114 shares in the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $242.39 on Friday. The firm has a market capitalization of $146.95 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63. The business’s 50 day simple moving average is $240.53 and its 200-day simple moving average is $238.54. Union Pacific Co. has a 12 month low of $218.55 and a 12 month high of $258.66.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The firm had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.14 billion. During the same quarter in the previous year, the firm posted $2.51 earnings per share. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, equities analysts forecast that Union Pacific Co. will post 10.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

UNP has been the subject of several research reports. Daiwa America downgraded shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Raymond James upped their price objective on Union Pacific from $265.00 to $275.00 and gave the company a “strong-buy” rating in a research note on Monday, October 14th. BMO Capital Markets dropped their target price on Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, September 20th. JPMorgan Chase & Co. decreased their price target on Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Finally, Benchmark reissued a “buy” rating and issued a $266.00 price objective on shares of Union Pacific in a research note on Friday, October 25th. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $259.80.

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.