Union Pacific Co. (NYSE:UNP) Shares Sold by Summit Global Investments

Summit Global Investments trimmed its position in Union Pacific Co. (NYSE:UNP) by 2.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,672 shares of the railroad operator’s stock after selling 1,081 shares during the period. Summit Global Investments’ holdings in Union Pacific were worth $11,011,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UNP. Cultivar Capital Inc. acquired a new stake in shares of Union Pacific during the second quarter worth $27,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Union Pacific during the 2nd quarter valued at about $28,000. Financial Gravity Asset Management Inc. grew its position in shares of 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 buying an additional 130 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in Union Pacific during the third quarter worth about $30,000. Finally, Fairscale Capital LLC bought a new position in Union Pacific in the second quarter worth about $31,000. 80.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on UNP shares. StockNews.com cut Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Royal Bank of Canada dropped their target price on Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Robert W. Baird reduced their price target on shares of Union Pacific from $270.00 to $260.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Raymond James increased their price objective on shares of Union Pacific from $265.00 to $275.00 and gave the stock a “strong-buy” rating in a report on Monday, October 14th. Finally, Daiwa America cut Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Nine investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.15.

Union Pacific Price Performance

Shares of NYSE UNP opened at $242.56 on Friday. Union Pacific Co. has a twelve month low of $208.14 and a twelve month high of $258.66. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. The firm has a 50-day moving average of $243.88 and a two-hundred day moving average of $238.53. The company has a market capitalization of $147.05 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 2.46 and a beta of 1.06.

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