IFM Investors Pty Ltd Increases Stock Position in Union Pacific Co. (NYSE:UNP)

by · The Cerbat Gem

IFM Investors Pty Ltd lifted its holdings in shares of Union Pacific Co. (NYSE:UNP – Free Report) by 20.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 181,463 shares of the railroad operator’s stock after purchasing an additional 31,041 shares during the quarter. IFM Investors Pty Ltd’s holdings in Union Pacific were worth $44,727,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in UNP. Marshall Wace LLP lifted its position in shares of Union Pacific by 272.3% during the second quarter. Marshall Wace LLP now owns 1,678,108 shares of the railroad operator’s stock worth $379,689,000 after purchasing an additional 1,227,318 shares in the last quarter. Capital World Investors raised its holdings in Union Pacific by 35.3% in the first quarter. Capital World Investors now owns 4,118,477 shares of the railroad operator’s stock valued at $1,012,857,000 after acquiring an additional 1,073,625 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Union Pacific by 19,878.6% in the third quarter. International Assets Investment Management LLC now owns 896,040 shares of the railroad operator’s stock valued at $220,856,000 after acquiring an additional 891,555 shares in the last quarter. Capital Research Global Investors raised its holdings in 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 acquiring an additional 518,985 shares in the last quarter. Finally, Bridges Investment Management Inc. raised its holdings in Union Pacific by 186.4% in the second quarter. Bridges Investment Management Inc. now owns 704,769 shares of the railroad operator’s stock valued at $159,461,000 after acquiring an additional 458,664 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Insider Activity at Union Pacific

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total value of $875,887.68. Following the completion of the sale, the president now owns 64,945 shares of the company’s stock, valued at approximately $16,014,787.55. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is currently owned by insiders.

Union Pacific Stock Performance

NYSE:UNP traded down $12.71 during midday trading on Thursday, reaching $228.64. The stock had a trading volume of 2,733,171 shares, compared to its average volume of 2,266,148. The firm has a fifty day simple moving average of $246.57 and a two-hundred day simple moving average of $238.60. Union Pacific Co. has a 12-month low of $199.97 and a 12-month high of $258.66. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89. The stock has a market cap of $139.29 billion, a P/E ratio of 21.64, a P/E/G ratio of 2.23 and a beta of 1.05.

Union Pacific (NYSE:UNP – Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 earnings per share for the quarter, beating analysts’ consensus estimates of $2.71 by $0.03. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The firm had revenue of $6.01 billion for the quarter, compared to analyst estimates of $6.05 billion. During the same period last year, the firm posted $2.57 EPS. Union Pacific’s quarterly revenue was up .7% on a year-over-year basis. On average, equities analysts expect that Union Pacific Co. will post 11.07 EPS for the current year.

Analyst Ratings Changes

UNP has been the topic of several analyst reports. Bank of America reduced their target price on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. TD Cowen cut their price objective on shares of Union Pacific from $259.00 to $255.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Stifel Nicolaus cut their price objective on shares of Union Pacific from $267.00 to $265.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Barclays cut their price objective on shares of Union Pacific from $290.00 to $280.00 and set an “overweight” rating on the stock in a report on Friday, July 26th. Finally, Daiwa America cut shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $260.53.

Check Out Our Latest Research Report on Union Pacific

Union Pacific Company Profile

(Free Report)

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.

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