Clear Harbor Asset Management LLC Grows Holdings in Union Pacific Co. (NYSE:UNP)

Clear Harbor Asset Management LLC raised its position in Union Pacific Co. (NYSE:UNP) by 1.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,330 shares of the railroad operator’s stock after purchasing an additional 265 shares during the period. Clear Harbor Asset Management LLC’s holdings in Union Pacific were worth $6,243,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UNP. BNP Paribas purchased a new position in shares of Union Pacific during the 1st quarter worth about $1,088,000. Envestnet Portfolio Solutions Inc. grew its position in 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 in the last quarter. Shellback Capital LP grew its position in Union Pacific by 28.2% in the second quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock valued at $4,525,000 after acquiring an additional 4,400 shares in the last quarter. Peoples Bank KS acquired a new stake in Union Pacific in the third quarter valued at approximately $834,000. Finally, Maj Invest Holding A S grew its position in Union Pacific by 0.3% in the third quarter. Maj Invest Holding A S now owns 676,098 shares of the railroad operator’s stock valued at $166,645,000 after acquiring an additional 2,202 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UNP has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a research report on Friday. Wells Fargo & Company decreased their price target on shares of Union Pacific from $270.00 to $255.00 and set an “overweight” rating for the company in a research report on Friday. Sanford C. Bernstein reduced their price objective on Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 9th. Benchmark restated a “buy” rating and set a $266.00 price objective on shares of Union Pacific in a research note on Friday. Finally, TD Cowen reduced their price objective on Union Pacific from $255.00 to $252.00 and set a “buy” rating on the stock in a research note on Friday. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $259.15.

Insider Buying and Selling

In related news, President Elizabeth F. Whited sold 3,552 shares of Union Pacific stock in a transaction dated Tuesday, July 30th. The stock was 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 $16,014,787.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.28% of the stock is owned by corporate insiders.

Union Pacific Price Performance

Shares of NYSE UNP opened at $230.30 on Friday. Union Pacific Co. has a fifty-two week low of $199.97 and a fifty-two week high of $258.66. The firm’s 50-day simple moving average is $246.02 and its 200 day simple moving average is $238.46. 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 stock has a market cap of $140.30 billion, a P/E ratio of 21.62, a P/E/G ratio of 2.23 and a beta of 1.05.

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 analysts’ consensus estimates of $2.76 by ($0.01). The firm had revenue of $6.09 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the firm earned $2.51 earnings per share. Equities analysts expect that Union Pacific Co. will post 11.07 EPS for the current year.

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.