Retirement Systems of Alabama trimmed its holdings in shares of Union Pacific Co. (NYSE:UNP) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 709,270 shares of the railroad operator’s stock after selling 19,430 shares during the period. Retirement Systems of Alabama owned approximately 0.09% of Union Pacific worth $82,254,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of Union Pacific by 46.6% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,070 shares of the railroad operator’s stock worth $117,000 after buying an additional 340 shares during the last quarter. SRS Capital Advisors Inc. raised its holdings in Union Pacific by 147.2% in the 1st quarter. SRS Capital Advisors Inc. now owns 1,152 shares of the railroad operator’s stock worth $122,000 after purchasing an additional 686 shares during the period. Acrospire Investment Management LLC raised its holdings in Union Pacific by 33.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the railroad operator’s stock worth $131,000 after purchasing an additional 300 shares during the period. Community Bank N.A. raised its holdings in Union Pacific by 3.0% in the 2nd quarter. Community Bank N.A. now owns 1,537 shares of the railroad operator’s stock worth $168,000 after purchasing an additional 45 shares during the period. Finally, Jacobi Capital Management LLC raised its holdings in Union Pacific by 6.6% in the 2nd quarter. Jacobi Capital Management LLC now owns 1,705 shares of the railroad operator’s stock worth $185,000 after purchasing an additional 105 shares during the period. Institutional investors and hedge funds own 78.56% of the company’s stock.
Shares of Union Pacific Co. (NYSE:UNP) traded up $0.63 during trading hours on Friday, hitting $134.23. The company’s stock had a trading volume of 5,728,654 shares, compared to its average volume of 5,210,000. Union Pacific Co. has a fifty-two week low of $101.06 and a fifty-two week high of $143.05. The stock has a market capitalization of $105,660.00, a price-to-earnings ratio of 9.94, a PEG ratio of 1.77 and a beta of 0.90. The company has a quick ratio of 0.97, a current ratio of 1.03 and a debt-to-equity ratio of 0.65.
Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, January 25th. The railroad operator reported $1.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.54 by ($0.01). Union Pacific had a net margin of 133.54% and a return on equity of 132.67%. The business had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.44 billion. During the same quarter last year, the firm earned $1.39 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. analysts expect that Union Pacific Co. will post 7.08 earnings per share for the current fiscal year.
UNP has been the topic of a number of recent research reports. UBS Group raised Union Pacific from a “neutral” rating to a “buy” rating in a report on Friday, January 5th. Zacks Investment Research cut Union Pacific from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Royal Bank of Canada reissued a “hold” rating and set a $124.00 price target on shares of Union Pacific in a report on Thursday, November 9th. BMO Capital Markets reissued a “buy” rating and set a $150.00 price target on shares of Union Pacific in a report on Monday, January 8th. Finally, Goldman Sachs Group started coverage on Union Pacific in a report on Monday, November 13th. They set a “sell” rating and a $103.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $129.15.
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About Union Pacific
Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.
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