Navellier & Associates Inc. Decreases Stock Holdings in Union Pacific Co. (NYSE:UNP)

Navellier & Associates Inc. lessened its stake in shares of Union Pacific Co. (NYSE:UNP) by 24.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,473 shares of the railroad operator’s stock after selling 2,120 shares during the quarter. Navellier & Associates Inc.’s holdings in Union Pacific were worth $1,595,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Shellback Capital LP grew its position in Union Pacific by 28.2% in the 2nd quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock worth $4,525,000 after purchasing an additional 4,400 shares during the period. Peoples Bank KS bought a new stake in shares of Union Pacific in the third quarter worth $834,000. Maj Invest Holding A S increased its position in Union Pacific by 0.3% during 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 during the last quarter. Radnor Capital Management LLC bought a new position in Union Pacific in the third quarter valued at about $2,923,000. Finally, Kestra Advisory Services LLC boosted its position in Union Pacific by 13.6% in the first quarter. Kestra Advisory Services LLC now owns 90,758 shares of the railroad operator’s stock worth $22,320,000 after purchasing an additional 10,876 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on UNP. Evercore ISI cut shares of Union Pacific from an “outperform” rating to an “inline” rating and lowered their price objective for the stock from $254.00 to $247.00 in a research note on Wednesday, September 25th. Stifel Nicolaus dropped their price target on shares of Union Pacific from $265.00 to $262.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Benchmark restated a “buy” rating and issued a $266.00 price objective on shares of Union Pacific in a research note on Friday, October 25th. JPMorgan Chase & Co. cut their price target on Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Finally, BMO Capital Markets decreased 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. 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.80.

Union Pacific Price Performance

UNP stock opened at $233.56 on Thursday. The company has a fifty day simple moving average of $240.86 and a two-hundred day simple moving average of $238.51. Union Pacific Co. has a 52 week low of $218.55 and a 52 week high of $258.66. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79. The firm has a market capitalization of $141.60 billion, a P/E ratio of 21.45, a price-to-earnings-growth ratio of 2.31 and a beta of 1.06.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.78 by ($0.03). The company 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 revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.51 earnings per share. Analysts anticipate that Union Pacific Co. will post 10.94 earnings per share 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.