Harbour Trust & Investment Management Co Trims Stock Holdings in Union Pacific Co. (NYSE:UNP)

Harbour Trust & Investment Management Co lowered its stake in shares of Union Pacific Co. (NYSE:UNP) by 5.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 885 shares of the railroad operator’s stock after selling 54 shares during the period. Harbour Trust & Investment Management Co’s holdings in Union Pacific were worth $218,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in UNP. BNP Paribas bought a new position in Union Pacific in the 1st quarter worth about $1,088,000. Envestnet Portfolio Solutions Inc. boosted its position in shares of Union Pacific by 19.0% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 126,369 shares of the railroad operator’s stock valued at $31,078,000 after acquiring an additional 20,173 shares during the period. Shellback Capital LP increased its holdings in Union Pacific by 28.2% during the 2nd quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock worth $4,525,000 after acquiring an additional 4,400 shares during the period. Peoples Bank KS purchased a new stake in Union Pacific in the 3rd quarter worth approximately $834,000. Finally, Maj Invest Holding A S boosted its holdings in Union Pacific by 0.3% in the 3rd quarter. Maj Invest Holding A S now owns 676,098 shares of the railroad operator’s stock valued at $166,645,000 after purchasing an additional 2,202 shares during the period. 80.38% of the stock is owned by institutional investors.

Insider Activity at Union Pacific

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total transaction of $875,887.68. Following the transaction, the president now directly owns 64,945 shares of the company’s stock, valued at approximately $16,014,787.55. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is owned by corporate insiders.

Union Pacific Price Performance

Shares of Union Pacific stock opened at $230.75 on Friday. The firm has a market cap of $140.57 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 2.23 and a beta of 1.05. The company’s fifty day simple moving average is $246.57 and its two-hundred day simple moving average is $238.60. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89. Union Pacific Co. has a 12-month low of $199.97 and a 12-month high of $258.66.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing analysts’ consensus estimates of $2.76 by ($0.01). The business had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.14 billion. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.51 EPS. As a group, equities analysts expect that Union Pacific Co. will post 11.07 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on UNP shares. Benchmark reaffirmed a “buy” rating and issued a $266.00 price target on shares of Union Pacific in a report on Monday, July 29th. Bank of America decreased their price target on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. BMO Capital Markets cut their target price on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, September 20th. Royal Bank of Canada increased their target price on Union Pacific from $275.00 to $288.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Finally, StockNews.com lowered Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Nine investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $260.53.

About Union Pacific

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.