CenterStar Asset Management LLC Sells 883 Shares of Union Pacific Co. (NYSE:UNP)

CenterStar Asset Management LLC cut its stake in Union Pacific Co. (NYSE:UNP) by 55.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 717 shares of the railroad operator’s stock after selling 883 shares during the period. CenterStar Asset Management LLC’s holdings in Union Pacific were worth $117,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Northern Trust Corp raised its stake in shares of Union Pacific by 3.9% in the second quarter. Northern Trust Corp now owns 8,546,069 shares of the railroad operator’s stock worth $1,445,226,000 after acquiring an additional 318,092 shares during the last quarter. Nuveen Asset Management LLC raised its stake in shares of Union Pacific by 1,957.4% during the second quarter. Nuveen Asset Management LLC now owns 8,164,209 shares of the railroad operator’s stock worth $1,380,648,000 after buying an additional 7,767,384 shares during the last quarter. Soroban Capital Partners LP raised its stake in shares of Union Pacific by 69.6% during the second quarter. Soroban Capital Partners LP now owns 4,320,067 shares of the railroad operator’s stock worth $730,567,000 after buying an additional 1,772,727 shares during the last quarter. Invesco Ltd. raised its stake in shares of Union Pacific by 106.4% during the second quarter. Invesco Ltd. now owns 4,282,775 shares of the railroad operator’s stock worth $724,260,000 after buying an additional 2,207,908 shares during the last quarter. Finally, Boston Partners raised its stake in shares of Union Pacific by 11.4% during the second quarter. Boston Partners now owns 3,311,761 shares of the railroad operator’s stock worth $560,158,000 after buying an additional 338,049 shares during the last quarter. 77.81% of the stock is owned by institutional investors.

A number of equities research analysts recently weighed in on the stock. Bank of America dropped their price target on shares of Union Pacific from $179.00 to $167.00 and set a “neutral” rating for the company in a research note on Tuesday, October 8th. Credit Suisse Group boosted their price target on shares of Union Pacific from $182.00 to $185.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. UBS Group dropped their price target on shares of Union Pacific from $193.00 to $184.00 and set a “buy” rating for the company in a research note on Friday, October 18th. BMO Capital Markets dropped their price target on shares of Union Pacific from $190.00 to $188.00 and set an “outperform” rating for the company in a research note on Friday, October 18th. Finally, Atlantic Securities raised shares of Union Pacific from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $175.00 to $195.00 in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $179.50.

In related news, EVP Robert M. Knight, Jr. sold 8,620 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $180.04, for a total transaction of $1,551,944.80. Following the completion of the transaction, the executive vice president now owns 94,943 shares in the company, valued at $17,093,537.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 9.96% of the stock is currently owned by insiders.

Shares of NYSE UNP opened at $170.39 on Friday. The stock has a market cap of $118.55 billion, a P/E ratio of 21.54, a P/E/G ratio of 2.00 and a beta of 1.07. The firm has a 50 day moving average price of $163.13 and a 200 day moving average price of $168.75. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.72 and a current ratio of 0.89. Union Pacific Co. has a 52-week low of $128.08 and a 52-week high of $180.54.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, October 17th. The railroad operator reported $2.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.29 by ($0.07). The firm had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.65 billion. Union Pacific had a net margin of 27.28% and a return on equity of 32.65%. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.15 EPS. Analysts predict that Union Pacific Co. will post 8.52 earnings per share for the current fiscal year.

About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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