Union Pacific Co. (NYSE:UNP) Position Lessened by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund lowered its position in Union Pacific Co. (NYSE:UNP) by 8.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,037 shares of the railroad operator’s stock after selling 1,642 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Union Pacific were worth $4,446,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Ameriprise Financial Inc. increased its holdings in Union Pacific by 1.3% in the second quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator’s stock worth $1,880,701,000 after buying an additional 106,996 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of Union Pacific by 7.6% during 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 stake in shares of 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 during the last quarter. Clearbridge Investments LLC increased its position in Union Pacific by 5.7% during the first quarter. Clearbridge Investments LLC now owns 4,396,974 shares of the railroad operator’s stock worth $1,081,348,000 after buying an additional 237,083 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in Union Pacific by 8.3% during the second quarter. Canada Pension Plan Investment Board now owns 4,218,730 shares of the railroad operator’s stock valued at $954,530,000 after buying an additional 322,129 shares in the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Union Pacific Trading Down 0.0 %

Shares of Union Pacific stock opened at $235.57 on Friday. Union Pacific Co. has a 52-week low of $216.79 and a 52-week high of $258.66. The firm has a market capitalization of $142.82 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 2.38 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 company’s fifty day moving average price is $241.86 and its two-hundred day moving average price is $238.58.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.51 EPS. On average, analysts expect that Union Pacific Co. will post 10.94 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on UNP. Susquehanna lowered their price objective on Union Pacific from $260.00 to $255.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Robert W. Baird dropped their price target on shares of Union Pacific from $270.00 to $260.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Royal Bank of Canada decreased their price objective on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Benchmark reiterated a “buy” rating and issued a $266.00 target price on shares of Union Pacific in a report on Friday, October 25th. Finally, StockNews.com cut shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. 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. Based on data from MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and an average target price 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.