Union Pacific Co. (NYSE:UNP) Stake Raised by Front Barnett Associates LLC

Front Barnett Associates LLC boosted its stake in Union Pacific Co. (NYSE:UNP) by 0.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 129,432 shares of the railroad operator’s stock after buying an additional 1,024 shares during the quarter. Union Pacific makes up about 3.5% of Front Barnett Associates LLC’s holdings, making the stock its 4th biggest position. Front Barnett Associates LLC’s holdings in Union Pacific were worth $20,965,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of UNP. Cox Capital Mgt LLC lifted its stake in Union Pacific by 3.0% in the 2nd quarter. Cox Capital Mgt LLC now owns 5,144 shares of the railroad operator’s stock valued at $870,000 after buying an additional 149 shares in the last quarter. Dorsey Wright & Associates boosted its holdings in shares of Union Pacific by 9.5% during the second quarter. Dorsey Wright & Associates now owns 1,878 shares of the railroad operator’s stock worth $318,000 after purchasing an additional 163 shares during the last quarter. Swedbank boosted its holdings in shares of Union Pacific by 3.3% during the second quarter. Swedbank now owns 728,163 shares of the railroad operator’s stock worth $123,140,000 after purchasing an additional 22,947 shares during the last quarter. Beese Fulmer Investment Management Inc. boosted its holdings in shares of Union Pacific by 2.2% during the second quarter. Beese Fulmer Investment Management Inc. now owns 12,048 shares of the railroad operator’s stock worth $2,037,000 after purchasing an additional 254 shares during the last quarter. Finally, DNB Asset Management AS grew its position in shares of Union Pacific by 3.8% in the second quarter. DNB Asset Management AS now owns 115,940 shares of the railroad operator’s stock valued at $19,607,000 after purchasing an additional 4,266 shares during the period. 79.29% of the stock is currently owned by hedge funds and other institutional investors.

Shares of UNP traded down $0.91 during trading hours on Friday, hitting $176.10. The stock had a trading volume of 1,440,615 shares, compared to its average volume of 3,548,266. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.72 and a current ratio of 0.89. The firm has a market cap of $123.41 billion, a P/E ratio of 22.26, a P/E/G ratio of 2.09 and a beta of 1.06. The company’s fifty day simple moving average is $164.85 and its 200 day simple moving average is $168.95. Union Pacific Co. has a 12-month low of $128.08 and a 12-month high of $180.54.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, October 17th. The railroad operator reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.29 by ($0.07). The firm had revenue of $5.52 billion during the quarter, compared to analysts’ expectations of $5.65 billion. Union Pacific had a return on equity of 32.65% and a net margin of 27.28%. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period last year, the business posted $2.15 earnings per share. As a group, sell-side analysts predict that Union Pacific Co. will post 8.52 earnings per share for the current fiscal year.

A number of analysts have issued reports on the company. BMO Capital Markets decreased their price target on Union Pacific from $190.00 to $188.00 and set an “outperform” rating on the stock in a research note on Friday, October 18th. ValuEngine downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. TD Securities cut their price objective on shares of Union Pacific from $175.00 to $170.00 and set a “hold” rating on the stock in a report on Friday, October 18th. Sanford C. Bernstein set a $177.00 target price on shares of Union Pacific and gave the stock a “hold” rating in a research report on Friday, July 19th. Finally, Cowen restated a “buy” rating and issued a $172.00 target price on shares of Union Pacific in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $178.67.

Union Pacific Company Profile

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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