Associated Banc Corp Sells 515 Shares of Union Pacific Co. (NYSE:UNP)

Associated Banc Corp lowered its position in Union Pacific Co. (NYSE:UNP) by 0.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,371 shares of the railroad operator’s stock after selling 515 shares during the quarter. Associated Banc Corp’s holdings in Union Pacific were worth $23,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Ameriprise Financial Inc. grew its stake in shares of Union Pacific by 1.3% during the second quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator’s stock valued at $1,880,701,000 after buying an additional 106,996 shares during the last quarter. Fisher Asset Management LLC grew its position in Union Pacific by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 6,285,585 shares of the railroad operator’s stock worth $1,549,271,000 after acquiring an additional 143,896 shares during the last quarter. Legal & General Group Plc lifted its position in Union Pacific by 2.1% in the second quarter. Legal & General Group Plc now owns 5,970,669 shares of the railroad operator’s stock valued at $1,350,924,000 after purchasing an additional 124,571 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Union Pacific by 8.3% during the second quarter. Canada Pension Plan Investment Board now owns 4,218,730 shares of the railroad operator’s stock valued at $954,530,000 after purchasing an additional 322,129 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Union Pacific by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,561,936 shares of the railroad operator’s stock worth $877,946,000 after buying an additional 38,999 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Stock Up 2.2 %

Shares of NYSE:UNP traded up $5.30 on Monday, reaching $247.69. The company had a trading volume of 138,075 shares, compared to its average volume of 2,300,635. The firm’s 50 day simple moving average is $240.53 and its 200-day simple moving average is $238.46. Union Pacific Co. has a 52-week low of $218.55 and a 52-week high of $258.66. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. The firm has a market capitalization of $150.16 billion, a PE ratio of 22.26, a PEG ratio of 2.40 and a beta of 1.06.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share 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 the consensus estimate of $6.14 billion. Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.51 earnings per share. As a group, analysts expect that Union Pacific Co. will post 10.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on UNP shares. Robert W. Baird decreased their price objective on shares of Union Pacific from $270.00 to $260.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Barclays lifted their price target on Union Pacific from $275.00 to $285.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Bank of America decreased their price objective on Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. TD Cowen dropped their target price on shares of Union Pacific from $255.00 to $252.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, Raymond James increased their price target on shares of Union Pacific from $265.00 to $275.00 and gave the stock a “strong-buy” rating in a research note on Monday, October 14th. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.