LPL Financial LLC Has $263.91 Million Stock Position in Union Pacific Co. (NYSE:UNP)

LPL Financial LLC increased its position in shares of Union Pacific Co. (NYSE:UNP) by 4.6% during the 3rd quarter, Holdings Channel reports. The firm owned 1,070,709 shares of the railroad operator’s stock after purchasing an additional 47,553 shares during the quarter. LPL Financial LLC’s holdings in Union Pacific were worth $263,908,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Marshall Wace LLP grew its stake in Union Pacific by 272.3% in the 2nd quarter. Marshall Wace LLP now owns 1,678,108 shares of the railroad operator’s stock worth $379,689,000 after buying an additional 1,227,318 shares in the last quarter. International Assets Investment Management LLC grew its stake in Union Pacific by 19,878.6% in the 3rd quarter. International Assets Investment Management LLC now owns 896,040 shares of the railroad operator’s stock worth $220,856,000 after buying an additional 891,555 shares in the last quarter. Impax Asset Management Group plc grew its stake in Union Pacific by 2,025.4% in the 3rd quarter. Impax Asset Management Group plc now owns 546,236 shares of the railroad operator’s stock worth $134,636,000 after buying an additional 520,536 shares in the last quarter. Jennison Associates LLC boosted 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 valued at $181,470,000 after purchasing an additional 464,477 shares in the last quarter. Finally, Bridges Investment Management Inc. boosted its stake in shares of Union Pacific by 186.4% in the 2nd quarter. Bridges Investment Management Inc. now owns 704,769 shares of the railroad operator’s stock valued at $159,461,000 after purchasing an additional 458,664 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Price Performance

Shares of NYSE UNP opened at $239.02 on Friday. The stock has a market capitalization of $144.91 billion, a price-to-earnings ratio of 21.95, a PEG ratio of 2.31 and a beta of 1.06. Union Pacific Co. has a 12 month low of $218.55 and a 12 month high of $258.66. The firm’s 50 day simple moving average is $240.67 and its 200-day simple moving average 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 (NYSE:UNP) last issued its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The firm had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.14 billion. During the same period in the previous year, the business earned $2.51 EPS. Union Pacific’s revenue for the quarter was up 2.5% compared to the same quarter last year. Analysts expect that Union Pacific Co. will post 10.94 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UNP. Sanford C. Bernstein cut their price objective on shares of Union Pacific from $277.00 to $272.00 and set an “outperform” rating for the company in a research note on Wednesday, October 9th. Stifel Nicolaus cut their price objective on shares of Union Pacific from $265.00 to $262.00 and set a “buy” rating for the company in a research note on Friday, October 25th. TD Cowen cut 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 note on Friday, October 25th. Barclays increased their price target on shares of Union Pacific from $275.00 to $285.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Finally, StockNews.com cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.80.

Union Pacific Company 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.