Adero Partners LLC Makes New Investment in Union Pacific Co. (NYSE:UNP)

Adero Partners LLC bought a new stake in shares of Union Pacific Co. (NYSE:UNP) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 947 shares of the railroad operator’s stock, valued at approximately $233,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Shellback Capital LP lifted its stake in shares of Union Pacific by 28.2% in the second quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock worth $4,525,000 after buying an additional 4,400 shares in the last quarter. Peoples Bank KS bought a new position in Union Pacific in the 3rd quarter valued at approximately $834,000. Maj Invest Holding A S boosted its stake in Union Pacific by 0.3% during the 3rd quarter. Maj Invest Holding A S now owns 676,098 shares of the railroad operator’s stock valued at $166,645,000 after purchasing an additional 2,202 shares during the last quarter. Radnor Capital Management LLC bought a new stake in shares of Union Pacific in the 3rd quarter worth $2,923,000. Finally, Kestra Advisory Services LLC raised its stake in shares of 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 owned by institutional investors.

Analysts Set New Price Targets

UNP has been the subject of several research analyst reports. Benchmark reiterated a “buy” rating and issued a $266.00 price objective on shares of Union Pacific in a report on Friday, October 25th. Barclays boosted their price objective on shares of Union Pacific from $275.00 to $285.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Sanford C. Bernstein dropped their target price on shares of Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a report on Wednesday, October 9th. TD Cowen decreased 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 note on Friday, October 25th. Finally, Robert W. Baird dropped their price target on Union Pacific from $270.00 to $260.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Nine equities 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 stock. Based on data from MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and an average price target of $259.80.

Union Pacific Price Performance

NYSE UNP opened at $235.57 on Monday. Union Pacific Co. has a 12 month low of $216.79 and a 12 month high of $258.66. The stock has a market cap of $142.82 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 2.33 and a beta of 1.06. The company’s 50 day moving average is $241.86 and its two-hundred day moving average is $238.62. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The firm had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.14 billion. During the same quarter in the previous year, the business posted $2.51 EPS. Union Pacific’s revenue was up 2.5% on a year-over-year basis. As a group, research analysts anticipate that Union Pacific Co. will post 10.94 earnings per share 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.