Arrow Financial Corp Sells 68 Shares of Union Pacific Co. (NYSE:UNP)

Arrow Financial Corp trimmed its position in Union Pacific Co. (NYSE:UNP) by 0.8% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 8,732 shares of the railroad operator’s stock after selling 68 shares during the period. Arrow Financial Corp’s holdings in Union Pacific were worth $2,152,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in UNP. Norden Group LLC bought a new stake in Union Pacific during the 1st quarter worth about $358,000. Chilton Capital Management LLC lifted its holdings in Union Pacific by 65.5% in the first quarter. Chilton Capital Management LLC now owns 139 shares of the railroad operator’s stock valued at $34,000 after buying an additional 55 shares during the period. NorthRock Partners LLC boosted its stake in Union Pacific by 42.6% in the first quarter. NorthRock Partners LLC now owns 6,459 shares of the railroad operator’s stock valued at $1,589,000 after acquiring an additional 1,930 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in Union Pacific by 123.2% during the 1st quarter. Meeder Asset Management Inc. now owns 66,554 shares of the railroad operator’s stock worth $16,368,000 after acquiring an additional 36,734 shares during the period. Finally, Meeder Advisory Services Inc. raised its position in shares of Union Pacific by 1.8% during the 1st quarter. Meeder Advisory Services Inc. now owns 8,359 shares of the railroad operator’s stock valued at $2,056,000 after acquiring an additional 149 shares during the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on UNP. Benchmark reaffirmed a “buy” rating and set a $266.00 price objective on shares of Union Pacific in a research note on Friday, October 25th. Evercore ISI lowered Union Pacific from an “outperform” rating to an “inline” rating and decreased their target price for the stock from $254.00 to $247.00 in a research report on Wednesday, September 25th. Bank of America cut their price target on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Wells Fargo & Company decreased their price objective on shares of Union Pacific from $270.00 to $255.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, TD Cowen cut their target price on shares of Union Pacific from $255.00 to $252.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Nine research 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. According to MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and an average price target of $259.15.

Union Pacific Stock Performance

Shares of UNP stock opened at $241.49 on Friday. Union Pacific Co. has a 12 month low of $208.14 and a 12 month high of $258.66. The company’s fifty day simple moving average is $243.38 and its 200-day simple moving average is $238.61. The firm has a market cap of $146.41 billion, a PE ratio of 22.18, a P/E/G ratio of 2.39 and a beta of 1.06. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79.

Union Pacific (NYSE:UNP) last issued 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 for the quarter, compared to the consensus estimate of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm earned $2.51 earnings per share. Equities research analysts expect that Union Pacific Co. will post 10.94 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.