Stonegate Investment Group LLC Grows Stock Holdings in Union Pacific Co. (NYSE:UNP)

Stonegate Investment Group LLC raised its position in shares of Union Pacific Co. (NYSE:UNP) by 0.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,610 shares of the railroad operator’s stock after buying an additional 69 shares during the quarter. Stonegate Investment Group LLC’s holdings in Union Pacific were worth $10,256,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Ameriprise Financial Inc. lifted its position in shares of Union Pacific by 1.3% during the second quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator’s stock valued at $1,880,701,000 after buying an additional 106,996 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Union Pacific by 7.6% during the first quarter. Capital Research Global Investors now owns 7,370,752 shares of the railroad operator’s stock valued at $1,812,689,000 after buying an additional 518,985 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Union Pacific by 2.1% during the second quarter. Legal & General Group Plc now owns 5,970,669 shares of the railroad operator’s stock valued at $1,350,924,000 after buying an additional 124,571 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of Union Pacific by 5.7% during the first quarter. Clearbridge Investments LLC now owns 4,396,974 shares of the railroad operator’s stock valued at $1,081,348,000 after buying an additional 237,083 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of Union Pacific by 8.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,218,730 shares of the railroad operator’s stock valued at $954,530,000 after purchasing an additional 322,129 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Union Pacific

In related news, President Elizabeth F. Whited sold 3,552 shares of Union Pacific stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total value of $875,887.68. Following the sale, the president now owns 64,945 shares of the company’s stock, valued at approximately $16,014,787.55. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

UNP has been the subject of several research analyst reports. Stifel Nicolaus decreased their price objective on shares of Union Pacific from $267.00 to $265.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Susquehanna increased their price objective on shares of Union Pacific from $250.00 to $260.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Raymond James increased their price objective on shares of Union Pacific from $265.00 to $275.00 and gave the company a “strong-buy” rating in a research report on Monday. Citigroup initiated coverage on shares of Union Pacific in a research report on Wednesday, October 9th. They issued a “neutral” rating and a $264.00 price objective for the company. Finally, TD Cowen decreased their price objective on shares of Union Pacific from $259.00 to $255.00 and set a “buy” rating for the company in a research report on Friday, July 26th. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.25.

Union Pacific Stock Performance

Shares of NYSE UNP traded up $1.22 during midday trading on Friday, reaching $242.94. 306,486 shares of the stock were exchanged, compared to its average volume of 2,257,482. The firm has a market cap of $148.00 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 2.27 and a beta of 1.05. Union Pacific Co. has a twelve month low of $199.97 and a twelve month high of $258.66. The firm has a 50-day simple moving average of $246.28 and a two-hundred day simple moving average of $238.63. 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 (NYSE:UNP) last issued its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.71 by $0.03. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The business had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $6.05 billion. During the same quarter last year, the company earned $2.57 EPS. The business’s revenue was up .7% on a year-over-year basis. As a group, analysts anticipate that Union Pacific Co. will post 11.07 EPS for the current fiscal 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.