Stonegate Investment Group LLC Increases Stake in Union Pacific Co. (NYSE:UNP)

Stonegate Investment Group LLC raised its position in Union Pacific Co. (NYSE:UNP) by 0.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 41,610 shares of the railroad operator’s stock after purchasing an additional 69 shares during the period. Stonegate Investment Group LLC’s holdings in Union Pacific were worth $10,256,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its holdings in Union Pacific by 1.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator’s stock valued at $1,880,701,000 after purchasing an additional 106,996 shares in the last quarter. Capital Research Global Investors lifted its holdings in Union Pacific by 7.6% in the 1st quarter. Capital Research Global Investors now owns 7,370,752 shares of the railroad operator’s stock valued at $1,812,689,000 after purchasing an additional 518,985 shares in the last quarter. Legal & General Group Plc lifted its holdings in Union Pacific by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 5,970,669 shares of the railroad operator’s stock valued at $1,350,924,000 after purchasing an additional 124,571 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in Union Pacific by 5.7% in the 1st quarter. Clearbridge Investments LLC now owns 4,396,974 shares of the railroad operator’s stock valued at $1,081,348,000 after purchasing an additional 237,083 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in Union Pacific by 8.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,218,730 shares of the railroad operator’s stock valued at $954,530,000 after purchasing an additional 322,129 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Up 0.5 %

NYSE UNP traded up $1.22 during trading on Friday, hitting $242.94. The stock had a trading volume of 306,486 shares, compared to its average volume of 2,257,482. The company has a market capitalization of $148.00 billion, a PE ratio of 22.70, a PEG ratio of 2.27 and a beta of 1.05. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89. The firm has a 50 day moving average price of $246.28 and a 200 day moving average price of $238.63. Union Pacific Co. has a twelve month low of $199.97 and a twelve month high of $258.66.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.71 by $0.03. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.05 billion. During the same period in the previous year, the company posted $2.57 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. As a group, equities research analysts forecast that Union Pacific Co. will post 11.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on UNP shares. Sanford C. Bernstein reduced their price target on Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a report on Wednesday, October 9th. Royal Bank of Canada lifted their price target on Union Pacific from $275.00 to $288.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. TD Cowen reduced their price target on Union Pacific from $259.00 to $255.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Citigroup started coverage on Union Pacific in a report on Wednesday, October 9th. They set a “neutral” rating and a $264.00 price target on the stock. Finally, Daiwa America lowered Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $259.25.

Insider Transactions at Union Pacific

In other news, President Elizabeth F. Whited sold 3,552 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total transaction of $875,887.68. Following the completion of the transaction, the president now directly owns 64,945 shares of the company’s stock, valued at approximately $16,014,787.55. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.26% of the company’s stock.

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.