Allspring Global Investments Holdings LLC Buys 4,256 Shares of Union Pacific Corporation $UNP

Allspring Global Investments Holdings LLC raised its stake in shares of Union Pacific Corporation (NYSE:UNP) by 5.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 84,008 shares of the railroad operator’s stock after purchasing an additional 4,256 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Union Pacific were worth $19,790,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. LGT Group Foundation raised its position in Union Pacific by 9.7% during the 1st quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator’s stock worth $1,275,000 after purchasing an additional 477 shares during the last quarter. Nuveen LLC acquired a new stake in Union Pacific during the 1st quarter worth about $988,822,000. SlateStone Wealth LLC grew its holdings in Union Pacific by 6.2% during the 1st quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator’s stock worth $3,133,000 after acquiring an additional 772 shares during the period. Meadow Creek Wealth Advisors LLC grew its holdings in Union Pacific by 10.9% during the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 3,666 shares of the railroad operator’s stock worth $866,000 after acquiring an additional 359 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Union Pacific by 16.8% during the 1st quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator’s stock worth $2,491,000 after acquiring an additional 1,520 shares during the period. 80.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

UNP has been the subject of a number of recent analyst reports. Susquehanna reiterated a “positive” rating and set a $272.00 price target (up from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. Royal Bank Of Canada increased their price target on Union Pacific from $257.00 to $276.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Wells Fargo & Company increased their price target on Union Pacific from $250.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Union Pacific in a report on Wednesday, October 8th. Finally, UBS Group set a $253.00 price target on Union Pacific and gave the stock a “neutral” rating in a report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $261.58.

Union Pacific Stock Performance

Shares of UNP opened at $224.02 on Friday. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. The stock has a 50-day moving average of $224.64 and a 200-day moving average of $224.20. The company has a market cap of $132.87 billion, a PE ratio of 19.46, a P/E/G ratio of 2.35 and a beta of 1.07. Union Pacific Corporation has a one year low of $204.66 and a one year high of $256.84.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating the consensus estimate of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The company had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.09 billion. During the same period last year, the business posted $2.74 EPS. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, equities research analysts predict that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific 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.