New England Asset Management Inc. Takes Position in Union Pacific Co. (NYSE:UNP)

New England Asset Management Inc. purchased a new position in Union Pacific Co. (NYSE:UNP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,800 shares of the railroad operator’s stock, valued at approximately $4,387,000.

Other hedge funds have also modified their holdings of the company. Cultivar Capital Inc. bought a new position in shares of Union Pacific during the second quarter valued at $27,000. Strategic Investment Solutions Inc. IL bought a new position in Union Pacific during the 2nd quarter valued at about $28,000. Financial Gravity Asset Management Inc. lifted its holdings in Union Pacific by 3,250.0% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock valued at $30,000 after purchasing an additional 130 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in Union Pacific during the third quarter worth about $30,000. Finally, Fairscale Capital LLC acquired a new stake in shares of Union Pacific during the second quarter worth approximately $31,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

UNP has been the subject of a number of recent analyst reports. Raymond James raised their price target on Union Pacific from $265.00 to $275.00 and gave the company a “strong-buy” rating in a report on Monday, October 14th. Evercore ISI cut Union Pacific from an “outperform” rating to an “inline” rating and cut their price target for the company from $254.00 to $247.00 in a report on Wednesday, September 25th. Daiwa America lowered shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Benchmark reaffirmed a “buy” rating and issued a $266.00 target price on shares of Union Pacific in a research note on Friday, October 25th. Finally, Wells Fargo & Company decreased their price target on shares of Union Pacific from $270.00 to $255.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $259.80.

Union Pacific Trading Down 0.5 %

NYSE UNP opened at $234.41 on Tuesday. 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 Co. has a 12 month low of $216.92 and a 12 month high of $258.66. The company has a market capitalization of $142.11 billion, a PE ratio of 21.53, a P/E/G ratio of 2.33 and a beta of 1.06. The stock has a 50-day simple moving average of $241.53 and a 200 day simple moving average of $238.60.

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

Union Pacific Company Profile

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.