Robeco Institutional Asset Management B.V. bought a new position in Union Pacific Co. (NYSE:UNP) in the third quarter, HoldingsChannel.com reports. The firm bought 1,035,784 shares of the railroad operator’s stock, valued at approximately $168,658,000. Union Pacific accounts for approximately 0.7% of Robeco Institutional Asset Management B.V.’s investment portfolio, making the stock its 24th largest position.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its position in Union Pacific by 9.0% in the 1st quarter. Principal Financial Group Inc. now owns 2,439,928 shares of the railroad operator’s stock valued at $327,999,000 after buying an additional 202,340 shares during the last quarter. Clinton Group Inc. bought a new position in shares of Union Pacific in the 2nd quarter worth $241,000. Xact Kapitalforvaltning AB boosted its position in shares of Union Pacific by 2.7% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 153,049 shares of the railroad operator’s stock worth $21,684,000 after purchasing an additional 3,956 shares during the last quarter. Gateway Investment Advisers LLC bought a new position in shares of Union Pacific in the 2nd quarter worth $5,900,000. Finally, BLB&B Advisors LLC bought a new position in shares of Union Pacific in the 2nd quarter worth $545,000. Institutional investors own 80.80% of the company’s stock.
In other Union Pacific news, EVP Robert M. Knight, Jr. sold 20,000 shares of Union Pacific stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $163.81, for a total value of $3,276,200.00. Following the sale, the executive vice president now owns 106,518 shares of the company’s stock, valued at approximately $17,448,713.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lynden L. Tennison sold 8,450 shares of Union Pacific stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $151.72, for a total value of $1,282,034.00. Following the completion of the sale, the executive vice president now directly owns 53,978 shares in the company, valued at approximately $8,189,542.16. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.
Several research analysts have recently issued reports on the company. Scotiabank set a $175.00 price target on Union Pacific and gave the stock a “buy” rating in a research report on Friday, October 26th. Credit Suisse Group raised their price target on Union Pacific from $187.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, October 26th. Cowen raised their price target on Union Pacific from $151.00 to $153.00 and gave the stock a “market perform” rating in a research report on Friday, October 26th. TD Securities lowered Union Pacific from a “buy” rating to a “hold” rating and reduced their price target for the stock from $170.00 to $160.00 in a research report on Friday, October 26th. Finally, Morgan Stanley lowered Union Pacific from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $141.00 to $134.00 in a research report on Monday, October 22nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $161.44.
Shares of Union Pacific stock opened at $150.25 on Friday. The firm has a market cap of $110.64 billion, a P/E ratio of 25.95, a price-to-earnings-growth ratio of 1.79 and a beta of 0.95. Union Pacific Co. has a 12 month low of $115.16 and a 12 month high of $165.63. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.89 and a current ratio of 1.06.
Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, October 25th. The railroad operator reported $2.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.10 by $0.05. The business had revenue of $5.93 billion for the quarter, compared to the consensus estimate of $5.88 billion. Union Pacific had a return on equity of 25.02% and a net margin of 51.90%. During the same quarter last year, the business posted $1.50 EPS. On average, analysts expect that Union Pacific Co. will post 7.84 EPS for the current year.
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Union Pacific Company Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.
Further Reading: How to Calculate Compound Annual Growth Rate (CAGR)
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