Verity Asset Management Inc. Has $363,000 Position in Union Pacific Corporation $UNP

Verity Asset Management Inc. cut its stake in shares of Union Pacific Corporation (NYSE:UNP) by 49.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,576 shares of the railroad operator’s stock after selling 1,538 shares during the quarter. Verity Asset Management Inc.’s holdings in Union Pacific were worth $363,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Westside Investment Management Inc. raised its position in shares of Union Pacific by 45.3% in the 2nd quarter. Westside Investment Management Inc. now owns 385 shares of the railroad operator’s stock worth $89,000 after acquiring an additional 120 shares in the last quarter. AAF Wealth Management LLC bought a new position in shares of Union Pacific in the 2nd quarter worth about $205,000. iA Global Asset Management Inc. raised its position in shares of Union Pacific by 54.7% in the 2nd quarter. iA Global Asset Management Inc. now owns 240,432 shares of the railroad operator’s stock worth $55,319,000 after acquiring an additional 85,031 shares in the last quarter. Castlekeep Investment Advisors LLC raised its position in shares of Union Pacific by 9.8% in the 2nd quarter. Castlekeep Investment Advisors LLC now owns 5,426 shares of the railroad operator’s stock worth $1,248,000 after acquiring an additional 486 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new position in shares of Union Pacific in the 2nd quarter worth about $10,354,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on UNP. Weiss Ratings reissued a “hold (c+)” rating on shares of Union Pacific in a research report on Wednesday, October 8th. Sanford C. Bernstein increased their target price on shares of Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Wells Fargo & Company increased their target price on shares of Union Pacific from $250.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. JPMorgan Chase & Co. increased their target price on shares of Union Pacific from $265.00 to $267.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $261.63.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $219.09 on Tuesday. Union Pacific Corporation has a one year low of $204.66 and a one year high of $256.84. The firm has a market capitalization of $129.96 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 2.27 and a beta of 1.07. The business has a 50-day simple moving average of $224.28 and a 200 day simple moving average of $224.37. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.75 and a quick ratio of 0.60.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.09. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The business had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6.24 billion. During the same period in the previous year, the company posted $2.75 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. On average, research analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal 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.