R Squared Ltd Buys New Stake in Union Pacific Corporation $UNP

R Squared Ltd bought a new stake in shares of Union Pacific Corporation (NYSE:UNP) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,046 shares of the railroad operator’s stock, valued at approximately $701,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. increased its stake in Union Pacific by 10.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 93,337 shares of the railroad operator’s stock valued at $21,475,000 after buying an additional 8,925 shares during the period. LGT Group Foundation lifted its position in shares of Union Pacific by 9.7% in the 1st quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator’s stock valued at $1,275,000 after acquiring an additional 477 shares in the last quarter. Nuveen LLC acquired a new position in Union Pacific during the first quarter valued at $988,822,000. SlateStone Wealth LLC boosted its holdings in shares of Union Pacific by 6.2% during the first quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator’s stock worth $3,133,000 after purchasing an additional 772 shares during the period. Finally, Meadow Creek Wealth Advisors LLC boosted its position in Union Pacific by 10.9% during the first quarter. Meadow Creek Wealth Advisors LLC now owns 3,666 shares of the railroad operator’s stock valued at $866,000 after purchasing an additional 359 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Citigroup reiterated a “buy” rating and set a $263.00 price target (up previously from $251.00) on shares of Union Pacific in a research note on Monday, October 13th. Jefferies Financial Group raised Union Pacific from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $250.00 to $285.00 in a report on Friday, July 25th. Morgan Stanley cut their price target on shares of Union Pacific from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Monday, July 7th. Susquehanna reaffirmed a “positive” rating and issued a $272.00 target price (up previously from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. Finally, Argus cut Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, Union Pacific has a consensus rating of “Moderate Buy” and an average target price of $261.58.

Union Pacific Price Performance

Shares of UNP stock opened at $220.05 on Friday. The firm has a market capitalization of $130.51 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 2.34 and a beta of 1.07. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. The firm has a fifty day moving average of $225.03 and a 200-day moving average of $224.22.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $0.09. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The firm had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6.24 billion. During the same period in the previous year, the firm earned $2.75 earnings per share. The company’s revenue was up 2.5% on a year-over-year basis. On average, equities research analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current year.

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.