Connor Clark & Lunn Investment Management Ltd. Trims Holdings in Union Pacific Co. (NYSE:UNP)

Connor Clark & Lunn Investment Management Ltd. lessened its position in Union Pacific Co. (NYSE:UNP) by 69.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 45,335 shares of the railroad operator’s stock after selling 102,182 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Union Pacific were worth $11,174,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Howe & Rusling Inc. lifted its stake in shares of Union Pacific by 0.4% in the 3rd quarter. Howe & Rusling Inc. now owns 49,924 shares of the railroad operator’s stock worth $12,305,000 after purchasing an additional 213 shares during the period. Kirtland Hills Capital Management LLC boosted its position in shares of Union Pacific by 10.9% during the 3rd quarter. Kirtland Hills Capital Management LLC now owns 3,029 shares of the railroad operator’s stock valued at $747,000 after acquiring an additional 298 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Union Pacific by 170.9% in the 3rd quarter. Jennison Associates LLC now owns 736,246 shares of the railroad operator’s stock worth $181,470,000 after buying an additional 464,477 shares in the last quarter. PCJ Investment Counsel Ltd. lifted its position in Union Pacific by 32.1% in the third quarter. PCJ Investment Counsel Ltd. now owns 5,560 shares of the railroad operator’s stock worth $1,370,000 after buying an additional 1,350 shares during the last quarter. Finally, Strategy Asset Managers LLC grew its stake in shares of Union Pacific by 14.7% during the third quarter. Strategy Asset Managers LLC now owns 1,565 shares of the railroad operator’s stock valued at $386,000 after buying an additional 201 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Trading Up 2.3 %

Shares of NYSE:UNP opened at $239.02 on Friday. The firm has a market capitalization of $144.91 billion, a price-to-earnings ratio of 21.95, a price-to-earnings-growth ratio of 2.31 and a beta of 1.06. The business’s 50 day moving average price is $240.67 and its 200-day moving average price is $238.52. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63. Union Pacific Co. has a 1 year low of $218.55 and a 1 year high of $258.66.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). The firm 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 was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.51 earnings per share. On average, equities research analysts forecast that Union Pacific Co. will post 10.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on UNP. BMO Capital Markets dropped their price objective on Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, September 20th. Bank of America reduced their target price on Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Sanford C. Bernstein dropped their price target on Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 9th. TD Cowen decreased their price objective on shares of Union Pacific from $255.00 to $252.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, Citigroup increased their price objective on Union Pacific from $255.00 to $267.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th. 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 company presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.80.

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.