Union Pacific Co. (NYSE:UNP) Shares Sold by Rossmore Private Capital

Rossmore Private Capital reduced its holdings in shares of Union Pacific Co. (NYSE:UNP) by 0.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,068 shares of the railroad operator’s stock after selling 50 shares during the quarter. Rossmore Private Capital’s holdings in Union Pacific were worth $2,728,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Ameriprise Financial Inc. lifted its stake in Union Pacific by 1.3% during the second quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator’s stock worth $1,880,701,000 after purchasing an additional 106,996 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of Union Pacific by 7.6% in 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 period. Legal & General Group Plc boosted its position in shares of Union Pacific by 2.1% during the 2nd quarter. Legal & General Group Plc now owns 5,970,669 shares of the railroad operator’s stock valued at $1,350,924,000 after purchasing an additional 124,571 shares in the last quarter. Clearbridge Investments LLC increased its holdings in shares of Union Pacific by 5.7% in 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 in the last quarter. Finally, Canada Pension Plan Investment Board boosted 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 period. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on UNP shares. StockNews.com lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. BMO Capital Markets dropped their price objective on Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, September 20th. Barclays decreased their price objective on Union Pacific from $280.00 to $275.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Benchmark reaffirmed a “buy” rating and set a $266.00 price objective on shares of Union Pacific in a report on Friday, October 25th. Finally, TD Cowen dropped their target price on shares of Union Pacific from $255.00 to $252.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $259.30.

Union Pacific Stock Performance

NYSE:UNP opened at $238.91 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. The stock has a 50-day moving average price of $242.77 and a 200 day moving average price of $238.63. Union Pacific Co. has a 12-month low of $208.14 and a 12-month high of $258.66. The stock has a market capitalization of $144.84 billion, a P/E ratio of 21.94, a P/E/G ratio of 2.39 and a beta of 1.06.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.78 by ($0.03). Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The business had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.14 billion. During the same quarter last year, the firm earned $2.51 EPS. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. Equities research analysts forecast 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.