Renaissance Group LLC grew its stake in Union Pacific Co. (NYSE:UNP) by 6.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 285,982 shares of the railroad operator’s stock after acquiring an additional 16,856 shares during the quarter. Renaissance Group LLC’s holdings in Union Pacific were worth $33,165,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. Pathstone Family Office LLC grew its position in shares of Union Pacific by 41.3% in the 2nd quarter. Pathstone Family Office LLC now owns 178 shares of the railroad operator’s stock valued at $2,304,000 after purchasing an additional 52 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position 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 valued at $117,000 after purchasing an additional 340 shares during the period. Acrospire Investment Management LLC grew its position in shares of Union Pacific by 33.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the railroad operator’s stock valued at $131,000 after purchasing an additional 300 shares during the period. Community Bank N.A. grew its position in shares of Union Pacific by 3.0% in the 2nd quarter. Community Bank N.A. now owns 1,537 shares of the railroad operator’s stock valued at $168,000 after purchasing an additional 45 shares during the period. Finally, Jacobi Capital Management LLC grew its position in shares of Union Pacific by 6.6% in the 2nd quarter. Jacobi Capital Management LLC now owns 1,705 shares of the railroad operator’s stock valued at $185,000 after purchasing an additional 105 shares during the period. 78.62% of the stock is owned by institutional investors.
UNP has been the subject of several research analyst reports. Aegis lowered Union Pacific from a “buy” rating to a “hold” rating and boosted their price objective for the company from $120.00 to $122.00 in a research report on Tuesday, October 10th. JPMorgan Chase & Co. boosted their price objective on Union Pacific from $106.00 to $113.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Off Wall Street initiated coverage on Union Pacific in a research report on Tuesday, October 17th. They issued a “sell” rating for the company. BMO Capital Markets reiterated a “buy” rating on shares of Union Pacific in a research report on Friday, October 20th. Finally, UBS Group upped their price target on Union Pacific from $115.00 to $126.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. Union Pacific presently has an average rating of “Hold” and a consensus price target of $130.40.
Union Pacific Co. (NYSE:UNP) traded down $5.22 during midday trading on Monday, hitting $124.14. The stock had a trading volume of 6,668,507 shares, compared to its average volume of 5,250,000. The firm has a market cap of $97,720.00, a P/E ratio of 9.19, a PEG ratio of 1.64 and a beta of 0.84. The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt-to-equity ratio of 0.65. Union Pacific Co. has a 12 month low of $101.06 and a 12 month high of $143.05.
Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, January 25th. The railroad operator reported $1.53 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.01). The company had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.44 billion. Union Pacific had a net margin of 50.43% and a return on equity of 22.26%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.39 EPS. equities analysts predict that Union Pacific Co. will post 7.4 EPS for the current fiscal year.
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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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