Rossby Financial LCC Increases Stock Holdings in Union Pacific Corporation $UNP

Rossby Financial LCC increased its position in Union Pacific Corporation (NYSE:UNP) by 12.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,103 shares of the railroad operator’s stock after acquiring an additional 228 shares during the quarter. Rossby Financial LCC’s holdings in Union Pacific were worth $484,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of UNP. Nuveen LLC bought a new position in shares of Union Pacific in the first quarter valued at approximately $988,822,000. Goldman Sachs Group Inc. boosted its position in shares of Union Pacific by 29.8% in the first quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator’s stock valued at $873,878,000 after acquiring an additional 850,025 shares during the period. Auto Owners Insurance Co boosted its position in shares of Union Pacific by 61,054.6% in the first quarter. Auto Owners Insurance Co now owns 625,000 shares of the railroad operator’s stock valued at $147,650,000 after acquiring an additional 623,978 shares during the period. Menora Mivtachim Holdings LTD. bought a new position in shares of Union Pacific in the first quarter valued at approximately $115,096,000. Finally, Canada Pension Plan Investment Board boosted its position in shares of Union Pacific by 10.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock valued at $1,092,893,000 after acquiring an additional 452,788 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Stock Performance

Shares of NYSE UNP opened at $218.26 on Tuesday. The stock has a market cap of $129.46 billion, a price-to-earnings ratio of 18.54, a P/E/G ratio of 2.27 and a beta of 1.07. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. The stock’s 50-day moving average is $224.92 and its 200 day moving average is $224.36.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Susquehanna restated a “positive” rating and issued a $272.00 price objective (up from $257.00) on shares of Union Pacific in a research report on Thursday, September 25th. TD Cowen dropped their price target on Union Pacific from $258.00 to $257.00 and set a “buy” rating for the company in a research report on Friday. Robert W. Baird assumed coverage on Union Pacific in a research report on Tuesday, July 1st. They set a “neutral” rating and a $231.00 price target for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Union Pacific in a research report on Wednesday, October 8th. Finally, Barclays downgraded Union Pacific from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and a consensus target price of $261.63.

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.