Peak Asset Management LLC Reduces Stock Holdings in Union Pacific Co. (NYSE:UNP)

Peak Asset Management LLC lowered its holdings in shares of Union Pacific Co. (NYSE:UNP) by 0.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 14,365 shares of the railroad operator’s stock after selling 85 shares during the quarter. Peak Asset Management LLC’s holdings in Union Pacific were worth $3,541,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in UNP. Ameriprise Financial Inc. increased its stake in shares of Union Pacific by 1.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator’s stock worth $1,880,701,000 after purchasing an additional 106,996 shares in the last quarter. Capital Research Global Investors raised its stake in shares of 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 worth $1,812,689,000 after buying an additional 518,985 shares during the period. Legal & General Group Plc lifted its position in shares of 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 buying an additional 124,571 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of 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 acquiring an additional 237,083 shares during the period. Finally, Canada Pension Plan Investment Board raised 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 worth $954,530,000 after acquiring an additional 322,129 shares during the period. Institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Up 0.6 %

Shares of NYSE:UNP opened at $240.34 on Thursday. The firm has a market capitalization 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 business has a 50 day simple moving average of $242.77 and a two-hundred day simple moving average of $238.63. Union Pacific Co. has a 1 year low of $212.47 and a 1 year high of $258.66. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share 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 the consensus estimate of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.51 earnings per share. On average, equities analysts predict that Union Pacific Co. will post 10.94 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on UNP. Sanford C. Bernstein decreased their price objective on shares of Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. Susquehanna dropped their price objective on Union Pacific from $260.00 to $255.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Barclays lifted their target price on Union Pacific from $275.00 to $285.00 and gave the company an “overweight” rating in a research note on Wednesday. Bank of America cut their price objective on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Finally, Raymond James boosted their target price 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. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.80.

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.