Busey Bank Boosts Position in Union Pacific Co. (NYSE:UNP)

Busey Bank raised its position in shares of Union Pacific Co. (NYSE:UNP) by 0.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,715 shares of the railroad operator’s stock after purchasing an additional 69 shares during the quarter. Busey Bank’s holdings in Union Pacific were worth $1,902,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Richardson Capital Management LLC purchased a new stake in Union Pacific during the first quarter valued at approximately $26,000. Cultivar Capital Inc. purchased a new stake in shares of Union Pacific in the 2nd quarter worth $27,000. Strategic Investment Solutions Inc. IL bought a new position in Union Pacific in the 2nd quarter worth $28,000. Tributary Capital Management LLC bought a new stake in Union Pacific during the first quarter valued at about $30,000. Finally, Financial Gravity Asset Management Inc. grew its holdings in Union Pacific by 3,250.0% during the second quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock valued at $30,000 after purchasing an additional 130 shares during the period. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Royal Bank of Canada boosted their price objective on Union Pacific from $275.00 to $288.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Benchmark reissued a “buy” rating and issued a $266.00 price objective on shares of Union Pacific in a research note on Monday, July 29th. Stifel Nicolaus lowered their target price on shares of Union Pacific from $267.00 to $265.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Daiwa America lowered Union Pacific from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, StockNews.com downgraded Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and an average price target of $260.53.

Insiders Place Their Bets

In other news, President Elizabeth F. Whited sold 3,552 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total value of $875,887.68. Following the sale, the president now directly owns 64,945 shares in the company, valued at approximately $16,014,787.55. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.28% of the stock is owned by insiders.

Union Pacific Stock Down 4.4 %

Shares of UNP opened at $230.75 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89. The business has a fifty day moving average of $246.57 and a 200 day moving average of $238.60. The company has a market cap of $140.57 billion, a PE ratio of 21.67, a P/E/G ratio of 2.23 and a beta of 1.05. Union Pacific Co. has a 52-week low of $199.97 and a 52-week high of $258.66.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.76 by ($0.01). The firm had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.14 billion. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. Union Pacific’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.51 EPS. On average, sell-side analysts expect that Union Pacific Co. will post 11.07 EPS for the current year.

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.