Nordea Investment Management AB Buys 6,937 Shares of Union Pacific Corporation $UNP

Nordea Investment Management AB lifted its stake in shares of Union Pacific Corporation (NYSE:UNP) by 4.9% during the second quarter, HoldingsChannel.com reports. The firm owned 148,389 shares of the railroad operator’s stock after purchasing an additional 6,937 shares during the quarter. Nordea Investment Management AB’s holdings in Union Pacific were worth $34,269,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC increased its stake in Union Pacific by 1,400.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock worth $28,000 after acquiring an additional 112 shares during the last quarter. Financial Gravity Asset Management Inc. bought a new position in Union Pacific in the 1st quarter worth about $32,000. WPG Advisers LLC bought a new position in Union Pacific in the 1st quarter worth about $33,000. Cornerstone Planning Group LLC increased its stake in Union Pacific by 50.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock worth $37,000 after acquiring an additional 56 shares during the last quarter. Finally, GFG Capital LLC bought a new position in Union Pacific in the 2nd quarter worth about $38,000. 80.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on UNP shares. Susquehanna restated a “positive” rating and issued a $272.00 target price (up from $257.00) on shares of Union Pacific in a research note on Thursday, September 25th. Wells Fargo & Company increased their price objective on Union Pacific from $250.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Argus lowered Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, August 12th. Barclays lowered Union Pacific from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 30th. Finally, Raymond James Financial restated a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, Union Pacific presently has an average rating of “Moderate Buy” and a consensus price target of $261.58.

Union Pacific Stock Up 0.9%

Shares of NYSE:UNP opened at $225.98 on Friday. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $256.84. The firm has a market capitalization of $134.03 billion, a P/E ratio of 19.63, a P/E/G ratio of 2.35 and a beta of 1.07. The stock has a 50 day moving average price of $224.71 and a 200-day moving average price of $224.02. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.09 billion. During the same quarter in the prior year, the company earned $2.74 EPS. The business’s revenue was up 2.4% compared to the same quarter last year. As a group, equities research analysts anticipate 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.