Union Pacific Co. (UNP) Sees Significant Drop in Short Interest

Union Pacific Co. (NYSE:UNP) was the target of a significant drop in short interest in March. As of March 29th, there was short interest totalling 10,944,780 shares, a drop of 30.8% from the March 15th total of 15,823,075 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily volume of 4,533,686 shares, the days-to-cover ratio is currently 2.4 days.

In related news, CFO Robert M. Knight, Jr. sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 20th. The shares were sold at an average price of $137.39, for a total value of $3,434,750.00. Following the sale, the chief financial officer now directly owns 106,518 shares of the company’s stock, valued at $14,634,508.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Elizabeth F. Whited sold 15,576 shares of the firm’s stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of $133.79, for a total transaction of $2,083,913.04. Following the completion of the sale, the executive vice president now directly owns 65,613 shares in the company, valued at $8,778,363.27. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

Several institutional investors have recently modified their holdings of UNP. Acropolis Investment Management LLC bought a new position in shares of Union Pacific in the fourth quarter worth approximately $107,000. Icon Wealth Partners LLC bought a new position in shares of Union Pacific in the fourth quarter worth approximately $119,000. Exane Derivatives grew its holdings in shares of Union Pacific by 55,600.0% in the fourth quarter. Exane Derivatives now owns 1,114 shares of the railroad operator’s stock worth $149,000 after purchasing an additional 1,112 shares during the last quarter. Certified Advisory Corp bought a new position in shares of Union Pacific in the fourth quarter worth approximately $175,000. Finally, Aevitas Wealth Management Inc. bought a new stake in Union Pacific in the fourth quarter valued at $185,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

A number of equities research analysts recently weighed in on UNP shares. Zacks Investment Research downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Scotiabank set a $150.00 target price on shares of Union Pacific and gave the company a “hold” rating in a research note on Thursday, January 11th. Argus raised their target price on shares of Union Pacific from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Morgan Stanley raised their target price on shares of Union Pacific from $105.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $148.00 target price on shares of Union Pacific in a research note on Tuesday, April 10th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company’s stock. Union Pacific currently has a consensus rating of “Hold” and an average target price of $138.95.

Shares of Union Pacific stock opened at $137.69 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.83 and a debt-to-equity ratio of 0.65. Union Pacific has a 52-week low of $101.06 and a 52-week high of $143.05. The company has a market capitalization of $104,676.25, a PE ratio of 23.78, a PEG ratio of 1.66 and a beta of 0.79.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, January 25th. The railroad operator reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.01). Union Pacific had a return on equity of 22.26% and a net margin of 50.43%. The firm had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.44 billion. During the same quarter in the prior year, the business posted $1.39 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. analysts predict that Union Pacific will post 7.56 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Wednesday, February 28th were issued a $0.73 dividend. This is a boost from Union Pacific’s previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, February 27th. This represents a $2.92 annualized dividend and a dividend yield of 2.12%. Union Pacific’s dividend payout ratio (DPR) is currently 50.43%.

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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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