Bourgeon Capital Management LLC bought a new stake in shares of Union Pacific Co. (NYSE:UNP) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 188 shares of the railroad operator’s stock, valued at approximately $30,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. CNB Bank raised its position in Union Pacific by 8.8% during the third quarter. CNB Bank now owns 13,097 shares of the railroad operator’s stock valued at $2,121,000 after buying an additional 1,060 shares during the period. Front Barnett Associates LLC increased its position in Union Pacific by 0.8% in the 3rd quarter. Front Barnett Associates LLC now owns 129,432 shares of the railroad operator’s stock worth $20,965,000 after purchasing an additional 1,024 shares during the last quarter. Pettyjohn Wood & White Inc. increased its position in Union Pacific by 2.3% in the 3rd quarter. Pettyjohn Wood & White Inc. now owns 9,808 shares of the railroad operator’s stock worth $1,589,000 after purchasing an additional 225 shares during the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI increased its position in Union Pacific by 0.3% in the 3rd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 102,456 shares of the railroad operator’s stock worth $16,596,000 after purchasing an additional 265 shares during the last quarter. Finally, First Trust Advisors LP increased its position in Union Pacific by 108.7% in the 3rd quarter. First Trust Advisors LP now owns 643,693 shares of the railroad operator’s stock worth $104,265,000 after purchasing an additional 335,278 shares during the last quarter. 79.29% of the stock is owned by institutional investors and hedge funds.
Several brokerages have weighed in on UNP. Atlantic Securities raised Union Pacific from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $175.00 to $195.00 in a research report on Friday, July 26th. Morgan Stanley dropped their target price on Union Pacific from $138.00 to $136.00 and set an “underweight” rating on the stock in a research report on Friday, October 18th. Loop Capital upped their target price on Union Pacific to $191.00 in a research report on Friday, July 19th. Zacks Investment Research raised Union Pacific from a “sell” rating to a “hold” rating and set a $184.00 target price on the stock in a research report on Monday, July 22nd. Finally, UBS Group dropped their target price on Union Pacific from $193.00 to $184.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $178.67.
UNP opened at $176.10 on Friday. The company has a market cap of $123.41 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 2.09 and a beta of 1.06. The stock has a 50-day moving average of $164.85 and a 200-day moving average of $168.95. Union Pacific Co. has a 52-week low of $128.08 and a 52-week high of $180.54. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.72 and a current ratio of 0.89.
Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, October 17th. The railroad operator reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.29 by ($0.07). The company had revenue of $5.52 billion for the quarter, compared to the consensus estimate of $5.65 billion. Union Pacific had a return on equity of 32.65% and a net margin of 27.28%. The business’s revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.15 EPS. On average, research analysts predict that Union Pacific Co. will post 8.52 earnings per share for the current year.
About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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