Q3 Asset Management purchased a new position in shares of Union Pacific Co. (NYSE:UNP) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,500 shares of the railroad operator’s stock, valued at approximately $244,000. Union Pacific comprises about 0.5% of Q3 Asset Management’s investment portfolio, making the stock its 23rd biggest position.
Several other large investors also recently bought and sold shares of the business. Zweig DiMenna Associates LLC bought a new stake in shares of Union Pacific during the 3rd quarter valued at about $1,010,000. Private Capital Advisors Inc. raised its stake in shares of Union Pacific by 28.5% in the third quarter. Private Capital Advisors Inc. now owns 56,435 shares of the railroad operator’s stock worth $6,545,000 after purchasing an additional 12,515 shares during the last quarter. Dorsey Wright & Associates purchased a new stake in shares of Union Pacific in the third quarter worth approximately $3,004,000. Berkshire Asset Management LLC PA raised its stake in shares of Union Pacific by 31.9% in the third quarter. Berkshire Asset Management LLC PA now owns 2,237 shares of the railroad operator’s stock worth $364,000 after purchasing an additional 541 shares during the last quarter. Finally, Gemmer Asset Management LLC raised its stake in shares of Union Pacific by 200.0% in the third quarter. Gemmer Asset Management LLC now owns 1,950 shares of the railroad operator’s stock worth $318,000 after purchasing an additional 1,300 shares during the last quarter. 80.80% of the stock is currently owned by hedge funds and other institutional investors.
UNP has been the subject of several analyst reports. Loop Capital raised Union Pacific from a “hold” rating to a “buy” rating in a research note on Tuesday, September 18th. Barclays reissued a “buy” rating and set a $180.00 price objective on shares of Union Pacific in a report on Wednesday, September 26th. Credit Suisse Group increased their price objective on Union Pacific from $167.00 to $185.00 and gave the company an “outperform” rating in a report on Thursday, September 20th. Bank of America raised their price target on Union Pacific from $175.00 to $177.00 and gave the stock a “buy” rating in a report on Monday, October 1st. Finally, Cowen reaffirmed a “hold” rating and issued a $151.00 price target on shares of Union Pacific in a report on Tuesday, September 18th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Union Pacific presently has a consensus rating of “Hold” and an average price target of $161.44.
Shares of NYSE:UNP opened at $150.17 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 0.89 and a debt-to-equity ratio of 1.01. The stock has a market cap of $109.46 billion, a P/E ratio of 25.94, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. Union Pacific Co. has a 1 year low of $115.16 and a 1 year high of $165.63.
Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, October 25th. The railroad operator reported $2.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.10 by $0.05. The business had revenue of $5.93 billion for the quarter, compared to analysts’ expectations of $5.88 billion. Union Pacific had a return on equity of 25.02% and a net margin of 51.90%. During the same period in the previous year, the firm posted $1.50 EPS. On average, analysts expect that Union Pacific Co. will post 7.84 earnings per share for the current fiscal year.
In related news, EVP Robert M. Knight, Jr. sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $163.81, for a total value of $3,276,200.00. Following the completion of the transaction, the executive vice president now directly owns 106,518 shares in the company, valued at approximately $17,448,713.58. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Lynden L. Tennison sold 8,450 shares of the business’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $151.72, for a total transaction of $1,282,034.00. Following the completion of the transaction, the executive vice president now owns 53,978 shares of the company’s stock, valued at $8,189,542.16. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.
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About Union Pacific
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.
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