Icon Advisers Inc. Co. lowered its stake in Union Pacific Co. (NYSE:UNP) by 15.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 83,809 shares of the railroad operator’s stock after selling 14,845 shares during the quarter. Union Pacific comprises 1.2% of Icon Advisers Inc. Co.’s portfolio, making the stock its 21st largest position. Icon Advisers Inc. Co.’s holdings in Union Pacific were worth $13,647,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Principal Financial Group Inc. lifted its holdings in shares of 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 worth $327,999,000 after purchasing an additional 202,340 shares during the last quarter. Clinton Group Inc. acquired a new position in shares of Union Pacific during the 2nd quarter valued at $241,000. Xact Kapitalforvaltning AB increased its position in shares of Union Pacific by 2.7% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 153,049 shares of the railroad operator’s stock valued at $21,684,000 after purchasing an additional 3,956 shares during the period. Gateway Investment Advisers LLC acquired a new position in shares of Union Pacific during the 2nd quarter valued at $5,900,000. Finally, BLB&B Advisors LLC acquired a new position in shares of Union Pacific in the 2nd quarter worth $545,000. Hedge funds and other institutional investors own 80.80% of the company’s stock.
Shares of NYSE:UNP opened at $150.25 on Friday. The company has a market capitalization of $112.63 billion, a P/E ratio of 20.83, a PEG ratio of 1.83 and a beta of 0.95. The company has a current ratio of 1.06, a quick ratio of 0.89 and a debt-to-equity ratio of 1.01. Union Pacific Co. has a 1 year low of $115.16 and a 1 year high of $165.63.
Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, October 25th. The railroad operator reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.05. The firm had revenue of $5.93 billion for the quarter, compared to analyst estimates of $5.88 billion. Union Pacific had a net margin of 51.90% and a return on equity of 25.02%. During the same quarter last year, the business posted $1.50 earnings per share. As a group, equities analysts predict that Union Pacific Co. will post 7.84 EPS for the current fiscal year.
Several analysts have recently commented on the company. Morgan Stanley cut Union Pacific from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $141.00 to $134.00 in a research report on Monday, October 22nd. Cowen reissued a “hold” rating and set a $151.00 price objective on shares of Union Pacific in a research report on Tuesday, September 18th. UBS Group boosted their price target on Union Pacific from $161.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, September 20th. Deutsche Bank cut Union Pacific from a “buy” rating to a “hold” rating and set a $162.00 price target for the company. in a research report on Tuesday, August 14th. Finally, ValuEngine upgraded Union Pacific from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. 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 stock presently has an average rating of “Hold” and a consensus price target of $161.44.
In other news, EVP Lynden L. Tennison sold 8,450 shares of the business’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $151.72, for a total transaction of $1,282,034.00. Following the completion of the sale, the executive vice president now directly owns 53,978 shares of the company’s stock, valued at $8,189,542.16. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Robert M. Knight, Jr. sold 20,000 shares of the company’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $163.81, for a total transaction of $3,276,200.00. Following the completion of the sale, the executive vice president now directly owns 106,518 shares of the company’s stock, valued at $17,448,713.58. The disclosure for this sale can be found here. 0.20% of the stock is owned by insiders.
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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.
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