Union Pacific Co. (NYSE:UNP) Position Raised by Connable Office Inc.

Connable Office Inc. grew its position in shares of Union Pacific Co. (NYSE:UNP) by 2.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,962 shares of the railroad operator’s stock after acquiring an additional 240 shares during the quarter. Connable Office Inc.’s holdings in Union Pacific were worth $2,702,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of UNP. Ameriprise Financial Inc. increased its stake in shares of Union Pacific by 1.3% in the second quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator’s stock valued at $1,880,701,000 after purchasing an additional 106,996 shares during the period. Capital Research Global Investors increased its position in Union Pacific by 7.6% in the 1st quarter. Capital Research Global Investors now owns 7,370,752 shares of the railroad operator’s stock valued at $1,812,689,000 after acquiring an additional 518,985 shares during the period. Legal & General Group Plc increased its position in Union Pacific by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 5,970,669 shares of the railroad operator’s stock valued at $1,350,924,000 after acquiring an additional 124,571 shares during the period. Clearbridge Investments LLC raised its stake in Union Pacific by 5.7% during the 1st quarter. Clearbridge Investments LLC now owns 4,396,974 shares of the railroad operator’s stock valued at $1,081,348,000 after acquiring an additional 237,083 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in Union Pacific by 8.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,218,730 shares of the railroad operator’s stock worth $954,530,000 after acquiring an additional 322,129 shares during the period. Institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Performance

Shares of UNP stock opened at $235.58 on Friday. The company has a market capitalization of $142.82 billion, a price-to-earnings ratio of 21.63, a P/E/G ratio of 2.38 and a beta of 1.06. Union Pacific Co. has a 1-year low of $215.81 and a 1-year high of $258.66. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. The stock’s fifty day simple moving average is $242.46 and its 200-day simple moving average is $238.64.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.78 by ($0.03). The business had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.14 billion. Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm earned $2.51 EPS. On average, sell-side analysts predict that Union Pacific Co. will post 10.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on UNP. Barclays raised their target price on shares of Union Pacific from $275.00 to $285.00 and gave the company an “overweight” rating in a research note on Wednesday. Evercore ISI lowered shares of Union Pacific from an “outperform” rating to an “inline” rating and lowered their price objective for the company from $254.00 to $247.00 in a research note on Wednesday, September 25th. Stifel Nicolaus cut their target price on Union Pacific from $265.00 to $262.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Citigroup lifted their price target on Union Pacific from $255.00 to $267.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Raymond James upped their price objective on Union Pacific from $265.00 to $275.00 and gave the company a “strong-buy” rating in a report on Monday, October 14th. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $259.80.

Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.