Ashton Thomas Private Wealth LLC Buys 3,387 Shares of Union Pacific Corporation $UNP

Ashton Thomas Private Wealth LLC increased its stake in Union Pacific Corporation (NYSE:UNP) by 7.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 47,312 shares of the railroad operator’s stock after acquiring an additional 3,387 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Union Pacific were worth $12,875,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. John Boyer Inc. purchased a new stake in Union Pacific during the 3rd quarter valued at $27,000. Wiser Advisor Group LLC purchased a new stake in Union Pacific in the 2nd quarter valued at approximately $30,000. Scarborough Advisors LLC acquired a new position in Union Pacific during the 1st quarter valued at approximately $27,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in Union Pacific during the second quarter worth $34,000. Finally, Clark Wealth Partners increased its holdings in shares of Union Pacific by 37.4% in the third quarter. Clark Wealth Partners now owns 136 shares of the railroad operator’s stock valued at $37,000 after purchasing an additional 37 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on UNP shares. Bank of America increased their price target on shares of Union Pacific from $301.00 to $334.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Robert W. Baird set a $310.00 target price on shares of Union Pacific and gave the stock a “neutral” rating in a report on Thursday. Rothschild & Co Redburn boosted their price objective on Union Pacific from $313.00 to $323.00 and gave the company a “buy” rating in a research note on Tuesday, October 27th. The Goldman Sachs Group set a $317.00 price objective on shares of Union Pacific and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Finally, TD Cowen reissued a “buy” rating and set a $328.00 target price (up from $325.00) on shares of Union Pacific in a research report on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $325.09.

Union Pacific Stock Performance

UNP opened at $290.50 on Friday. Union Pacific Corporation has a 1 year low of $218.20 and a 1 year high of $315.99. The company has a current ratio of 1.16, a quick ratio of 0.99 and a debt-to-equity ratio of 1.32. The stock’s 50 day simple moving average is $286.72 and its 200-day simple moving average is $271.90. The stock has a market cap of $172.63 billion, a PE ratio of 24.12, a P/E/G ratio of 3.03 and a beta of 0.84.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, October 22nd. The railroad operator reported $3.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.47 by $0.06. The company had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.16 billion. Union Pacific had a net margin of 28.90% and a return on equity of 37.54%. The firm’s revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.08 EPS. Sell-side analysts forecast that Union Pacific Corporation will post 13.13 EPS for the current year.

Union Pacific Profile

Union Pacific Corporation operates one of the largest freight rail networks in the United States through its subsidiary, Union Pacific Railroad. Its network serves 23 states across the western two-thirds of the country and connects with other railroads, ports and border crossings, including routes to Mexico and Canada.

The company transports a broad range of goods, including agricultural products, industrial materials, coal and energy products, and consumer merchandise. Its services support industries such as manufacturing, construction, agriculture, automotive and retail, with intermodal transportation combining rail with truck and shipping services.

Union Pacific traces its history to the Pacific Railway Act of 1862 and played a central role in building the first transcontinental railroad, completed in 1869.