MQS Management LLC Acquires Shares of 4,570 Union Pacific Co. (NYSE:UNP)

MQS Management LLC bought a new position in Union Pacific Co. (NYSE:UNP) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,570 shares of the railroad operator’s stock, valued at approximately $1,126,000. Union Pacific accounts for 0.6% of MQS Management LLC’s portfolio, making the stock its 9th largest position.

Several other hedge funds and other institutional investors have also made changes to their positions in UNP. Cultivar Capital Inc. purchased a new stake in shares of Union Pacific in the second quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Union Pacific during the 2nd quarter worth $28,000. Financial Gravity Asset Management Inc. grew its stake in shares of Union Pacific by 3,250.0% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock worth $30,000 after purchasing an additional 130 shares during the period. Catalyst Capital Advisors LLC purchased a new position in shares of Union Pacific in the 3rd quarter valued at about $30,000. Finally, Fairscale Capital LLC acquired a new stake in shares of Union Pacific in the second quarter valued at about $31,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

UNP has been the topic of several recent analyst reports. StockNews.com lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Benchmark restated a “buy” rating and issued a $266.00 price target on shares of Union Pacific in a report on Friday, October 25th. Bank of America reduced 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 lowered their target price on Union Pacific from $255.00 to $252.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, Evercore ISI downgraded Union Pacific from an “outperform” rating to an “inline” rating and cut their price target for the stock from $254.00 to $247.00 in a research note on Wednesday, September 25th. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and an average price target of $259.30.

Union Pacific Trading Down 1.3 %

Shares of UNP opened at $238.91 on Wednesday. Union Pacific Co. has a fifty-two week low of $208.14 and a fifty-two week high of $258.66. The stock has a fifty day moving average of $242.77 and a two-hundred day moving average of $238.63. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77. The company has a market capitalization of $144.84 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 2.39 and a beta of 1.06.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing the consensus estimate of $2.78 by ($0.03). The business had revenue of $6.09 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the firm earned $2.51 EPS. As a group, analysts forecast that Union Pacific Co. will post 10.94 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.