Union Pacific Co. (NYSE:UNP) Shares Purchased by Granite Group Advisors LLC

Granite Group Advisors LLC raised its position in Union Pacific Co. (NYSE:UNP) by 10.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,949 shares of the railroad operator’s stock after acquiring an additional 901 shares during the quarter. Union Pacific accounts for about 1.6% of Granite Group Advisors LLC’s investment portfolio, making the stock its 13th largest holding. Granite Group Advisors LLC’s holdings in Union Pacific were worth $2,452,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in UNP. Forum Financial Management LP lifted its holdings in Union Pacific by 0.6% in the 1st quarter. Forum Financial Management LP now owns 7,037 shares of the railroad operator’s stock worth $1,731,000 after buying an additional 41 shares in the last quarter. Fairhaven Wealth Management LLC lifted its position in shares of Union Pacific by 1.7% during the second quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator’s stock worth $584,000 after purchasing an additional 43 shares during the last quarter. Chesapeake Wealth Management lifted its position in shares of Union Pacific by 0.5% during the second quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock worth $1,856,000 after purchasing an additional 43 shares during the last quarter. Fortis Capital Advisors LLC grew its stake in Union Pacific by 5.0% in the first quarter. Fortis Capital Advisors LLC now owns 916 shares of the railroad operator’s stock worth $225,000 after purchasing an additional 44 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV raised its stake in Union Pacific by 0.5% during the second quarter. Azzad Asset Management Inc. ADV now owns 8,384 shares of the railroad operator’s stock valued at $1,897,000 after buying an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on UNP shares. Raymond James boosted their price target on Union Pacific from $265.00 to $275.00 and gave the company a “strong-buy” rating in a report on Monday, October 14th. JPMorgan Chase & Co. decreased their price target on shares of Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Citigroup assumed coverage on shares of Union Pacific in a research note on Wednesday, October 9th. They set a “neutral” rating and a $264.00 price objective on the stock. Bank of America lowered their target price on Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Finally, Wells Fargo & Company reduced their price objective on Union Pacific from $270.00 to $255.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $259.15.

Union Pacific Price Performance

UNP traded up $0.57 during trading on Friday, reaching $243.13. The stock had a trading volume of 132,961 shares, compared to its average volume of 2,298,531. The stock has a 50 day moving average of $243.88 and a two-hundred day moving average of $238.53. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79. The firm has a market capitalization of $147.40 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 2.46 and a beta of 1.06. Union Pacific Co. has a 1-year low of $208.14 and a 1-year high of $258.66.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.78 by ($0.03). The business had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.51 EPS. As a group, equities analysts anticipate that Union Pacific Co. will post 10.94 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.