Oakworth Capital Inc. Boosts Stock Position in Union Pacific Co. (NYSE:UNP)

by · The Cerbat Gem

Oakworth Capital Inc. increased its stake in Union Pacific Co. (NYSE:UNP – Free Report) by 0.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,172 shares of the railroad operator’s stock after buying an additional 68 shares during the period. Oakworth Capital Inc.’s holdings in Union Pacific were worth $3,000,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in UNP. Ameriprise Financial Inc. boosted its stake in Union Pacific by 1.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator’s stock valued at $1,880,701,000 after purchasing an additional 106,996 shares during the last quarter. Capital Research Global Investors boosted its stake in Union Pacific by 7.6% during the 1st quarter. Capital Research Global Investors now owns 7,370,752 shares of the railroad operator’s stock valued at $1,812,689,000 after purchasing an additional 518,985 shares during the last quarter. Legal & General Group Plc boosted its stake in 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 during the last quarter. Clearbridge Investments LLC boosted its stake in Union Pacific by 5.7% during the 1st quarter. Clearbridge Investments LLC now owns 4,396,974 shares of the railroad operator’s stock valued at $1,081,348,000 after purchasing an additional 237,083 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in Union Pacific by 8.3% during 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 last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Insider Buying and Selling at Union Pacific

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total transaction of $875,887.68. Following the sale, the president now directly owns 64,945 shares of the company’s stock, valued at $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 is available through the SEC website. Insiders own 0.28% of the company’s stock.

Union Pacific Price Performance

NYSE:UNP opened at $239.29 on Tuesday. 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 business’s 50-day simple moving average is $246.48 and its two-hundred day simple moving average is $238.59. The stock has a market cap of $145.78 billion, a PE ratio of 22.57, a P/E/G ratio of 2.26 and a beta of 1.05. Union Pacific Co. has a 52 week low of $199.97 and a 52 week high of $258.66.

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

Analyst Ratings Changes

Several analysts have commented on UNP shares. Royal Bank of Canada increased their target price on Union Pacific from $275.00 to $288.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Stifel Nicolaus dropped their price target on Union Pacific from $267.00 to $265.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. BMO Capital Markets dropped their price target 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. Sanford C. Bernstein dropped their price target on Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 9th. Finally, Susquehanna raised their price target on Union Pacific from $250.00 to $260.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.53.

View Our Latest 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.

See Also

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