Curi RMB Capital LLC Reduces Holdings in Union Pacific Co. (NYSE:UNP)

Curi RMB Capital LLC lowered its position in shares of Union Pacific Co. (NYSE:UNP) by 0.2% during the third quarter, Holdings Channel reports. The firm owned 89,945 shares of the railroad operator’s stock after selling 172 shares during the quarter. Curi RMB Capital LLC’s holdings in Union Pacific were worth $22,170,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its holdings in shares of Union Pacific by 1.3% in the second quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator’s stock valued at $1,880,701,000 after acquiring an additional 106,996 shares during the period. Capital Research Global Investors raised its position in Union Pacific by 7.6% in 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 worth $1,350,924,000 after purchasing an additional 124,571 shares during the period. Clearbridge Investments LLC grew its position 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 worth $1,081,348,000 after purchasing an additional 237,083 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in Union Pacific by 8.3% in the second 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 period. 80.38% of the stock is owned by institutional investors and hedge funds.

Union Pacific Price Performance

UNP stock opened at $240.34 on Thursday. The stock has a 50-day moving average price of $242.46 and a two-hundred day moving average price of $238.64. The company has a market cap of $145.71 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 2.36 and a beta of 1.06. 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 $212.47 and a 12-month high of $258.66.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (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 business had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.14 billion. During the same period last year, the company posted $2.51 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, research analysts predict that Union Pacific Co. will post 10.94 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on UNP shares. Bank of America lowered their price target on 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 reduced their price target on Union Pacific from $255.00 to $252.00 and set a “buy” rating for the company in a report on Friday, October 25th. Stifel Nicolaus decreased their price objective on shares of Union Pacific from $265.00 to $262.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Citigroup upped their target price on Union Pacific from $255.00 to $267.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Royal Bank of Canada lowered their price target on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Nine equities 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $259.80.

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.