Union Pacific Co. (NYSE:UNP) Shares Purchased by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC boosted its holdings in Union Pacific Co. (NYSE:UNP) by 1.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 89,797 shares of the railroad operator’s stock after buying an additional 1,209 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Union Pacific were worth $22,130,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Richardson Capital Management LLC acquired a new stake in shares of Union Pacific in the first quarter worth approximately $26,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Union Pacific in the 2nd quarter valued at $28,000. Cultivar Capital Inc. purchased a new stake in shares of Union Pacific during the 2nd quarter valued at $27,000. Tributary Capital Management LLC acquired a new stake in shares of Union Pacific during the 1st quarter worth $30,000. Finally, Jamison Private Wealth Management Inc. raised its position in shares of Union Pacific by 265.7% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock worth $32,000 after buying an additional 93 shares during the period. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Down 0.2 %

UNP traded down $0.45 during trading on Friday, hitting $230.30. The company had a trading volume of 2,952,224 shares, compared to its average volume of 2,281,261. Union Pacific Co. has a 1-year low of $199.97 and a 1-year high of $258.66. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.05 and a quick ratio of 0.86. The company has a market cap of $140.30 billion, a PE ratio of 21.62, a P/E/G ratio of 2.23 and a beta of 1.05. The business has a 50-day moving average of $246.02 and a 200-day moving average of $238.48.

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

Insiders Place Their Bets

In other news, President Elizabeth F. Whited sold 3,552 shares of the business’s 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 completion of the sale, the president now directly owns 64,945 shares in the company, valued at approximately $16,014,787.55. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.28% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on UNP. Wells Fargo & Company lowered their price target on Union Pacific from $270.00 to $255.00 and set an “overweight” rating for the company in a research report on Friday. Benchmark reissued a “buy” rating and set a $266.00 target price on shares of Union Pacific in a research report on Friday. Royal Bank of Canada reduced their price target on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a research report on Friday. Evercore ISI lowered shares of Union Pacific from an “outperform” rating to an “inline” rating and dropped their price objective for the stock from $254.00 to $247.00 in a research report on Wednesday, September 25th. Finally, Daiwa America lowered shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Nine investment 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’s stock. According to MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and an average price target of $259.15.

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.