Edgestream Partners L.P. Purchases 15,272 Shares of Union Pacific Corporation $UNP

Edgestream Partners L.P. raised its position in shares of Union Pacific Corporation (NYSE:UNP) by 985.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,822 shares of the railroad operator’s stock after buying an additional 15,272 shares during the quarter. Edgestream Partners L.P.’s holdings in Union Pacific were worth $4,081,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Acadian Asset Management LLC increased its stake in shares of Union Pacific by 40.4% in the 1st quarter. Acadian Asset Management LLC now owns 2,312 shares of the railroad operator’s stock worth $546,000 after acquiring an additional 665 shares in the last quarter. Schnieders Capital Management LLC. lifted its position in Union Pacific by 0.5% during the 2nd quarter. Schnieders Capital Management LLC. now owns 20,606 shares of the railroad operator’s stock valued at $4,741,000 after acquiring an additional 102 shares during the period. Main Street Financial Solutions LLC boosted its stake in Union Pacific by 1.6% during the second quarter. Main Street Financial Solutions LLC now owns 3,733 shares of the railroad operator’s stock worth $859,000 after acquiring an additional 58 shares in the last quarter. HUB Investment Partners LLC boosted its stake in Union Pacific by 10.0% during the second quarter. HUB Investment Partners LLC now owns 6,091 shares of the railroad operator’s stock worth $1,401,000 after acquiring an additional 554 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in Union Pacific by 7.4% in the second quarter. Alliancebernstein L.P. now owns 1,528,426 shares of the railroad operator’s stock worth $351,660,000 after purchasing an additional 105,664 shares during the period. Institutional investors own 80.38% of the company’s stock.

Insider Activity at Union Pacific

In other news, EVP Eric J. Gehringer sold 2,991 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total transaction of $789,504.36. Following the sale, the executive vice president owned 43,012 shares in the company, valued at $11,353,447.52. This represents a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.22% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on UNP. Stephens raised shares of Union Pacific to a “strong-buy” rating in a research note on Wednesday, July 8th. TD Cowen reissued a “buy” rating and issued a $325.00 price target (up from $282.00) on shares of Union Pacific in a research report on Friday, July 24th. Royal Bank Of Canada restated an “outperform” rating and issued a $339.00 price target (up from $289.00) on shares of Union Pacific in a research note on Friday, July 24th. Weiss Ratings upgraded Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 24th. Finally, Susquehanna raised their price objective on Union Pacific from $305.00 to $333.00 and gave the company a “positive” rating in a research report on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $320.89.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $291.83 on Friday. The stock has a market cap of $173.37 billion, a price-to-earnings ratio of 23.63, a PEG ratio of 2.96 and a beta of 0.96. The firm’s 50-day moving average is $277.60 and its 200 day moving average is $260.55. Union Pacific Corporation has a 1 year low of $210.84 and a 1 year high of $315.99. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.82.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, beating the consensus estimate of $3.26 by $0.15. The company had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.72 billion. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. Union Pacific’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm posted $3.03 EPS. Sell-side analysts anticipate that Union Pacific Corporation will post 12.9 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be paid a $1.42 dividend. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. This represents a $5.68 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, August 31st. Union Pacific’s payout ratio is currently 44.70%.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.