Union Pacific Co. (NYSE:UNP) Shares Sold by Buckingham Capital Management Inc.

Buckingham Capital Management Inc. decreased its holdings in shares of Union Pacific Co. (NYSE:UNP) by 10.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,383 shares of the railroad operator’s stock after selling 873 shares during the quarter. Buckingham Capital Management Inc.’s holdings in Union Pacific were worth $1,820,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Shellback Capital LP lifted its position in Union Pacific by 28.2% in the second quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock valued at $4,525,000 after buying an additional 4,400 shares during the last quarter. Peoples Bank KS acquired a new position in shares of Union Pacific in the 3rd quarter worth approximately $834,000. Maj Invest Holding A S lifted its holdings in shares of Union Pacific by 0.3% in the 3rd quarter. Maj Invest Holding A S now owns 676,098 shares of the railroad operator’s stock worth $166,645,000 after acquiring an additional 2,202 shares during the last quarter. M&G Plc purchased a new position in shares of Union Pacific during the 1st quarter worth approximately $10,378,000. Finally, Radnor Capital Management LLC acquired a new stake in Union Pacific in the 3rd quarter valued at approximately $2,923,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Price Performance

UNP stock opened at $241.49 on Monday. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. The company has a market capitalization of $146.41 billion, a P/E ratio of 22.18, a PEG ratio of 2.39 and a beta of 1.06. The business has a 50 day simple moving average of $243.38 and a 200-day simple moving average of $238.67. Union Pacific Co. has a twelve month low of $208.14 and a twelve month high of $258.66.

Union Pacific (NYSE:UNP) last issued its quarterly 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 for the quarter, compared to analyst estimates of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.51 EPS. As a group, equities analysts anticipate that Union Pacific Co. will post 10.94 EPS for the current year.

Wall Street Analyst Weigh In

UNP has been the topic of a number of research reports. Evercore ISI cut Union Pacific from an “outperform” rating to an “inline” rating and decreased their price target for the stock from $254.00 to $247.00 in a research note on Wednesday, September 25th. Barclays decreased their target price on Union Pacific from $280.00 to $275.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Stifel Nicolaus cut their price target on shares of Union Pacific from $265.00 to $262.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Raymond James raised their price objective on shares of Union Pacific from $265.00 to $275.00 and gave the company a “strong-buy” rating in a research note on Monday, October 14th. Finally, TD Cowen cut their target price on shares of Union Pacific from $255.00 to $252.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $259.15.

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.