Renaissance Technologies LLC Sells 274,100 Shares of Union Pacific Corporation $UNP

Renaissance Technologies LLC lowered its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 92.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 21,100 shares of the railroad operator’s stock after selling 274,100 shares during the quarter. Renaissance Technologies LLC’s holdings in Union Pacific were worth $5,119,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Cambient Family Office LLC bought a new stake in Union Pacific during the fourth quarter worth approximately $1,319,000. First National Bank of Omaha boosted its holdings in shares of Union Pacific by 35.8% in the 4th quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator’s stock worth $12,665,000 after purchasing an additional 14,399 shares during the period. North Dakota State Investment Board bought a new position in shares of Union Pacific during the 4th quarter valued at approximately $4,746,000. Sage Investment Advisers LLC bought a new position in shares of Union Pacific during the 4th quarter valued at approximately $997,000. Finally, Truist Financial Corp raised its holdings in Union Pacific by 3.1% during the 4th quarter. Truist Financial Corp now owns 1,016,071 shares of the railroad operator’s stock valued at $235,038,000 after buying an additional 30,079 shares during the period. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Stock Down 0.0%

NYSE:UNP opened at $295.41 on Friday. The company has a market cap of $175.50 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 3.03 and a beta of 0.96. Union Pacific Corporation has a twelve month low of $210.84 and a twelve month high of $315.99. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40. The stock has a fifty day simple moving average of $279.53 and a 200-day simple moving average of $262.62.

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

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be given a $1.42 dividend. This is a positive change from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 annualized dividend and a yield of 1.9%. Union Pacific’s dividend payout ratio is presently 44.70%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Union Pacific

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total value of $789,504.36. Following the transaction, the executive vice president directly owned 43,012 shares in the company, valued at $11,353,447.52. This represents a 6.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.22% of the stock is currently owned by company insiders.

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.