Pitcairn Co. Sells 3,752 Shares of Union Pacific Co. (NYSE:UNP)

Pitcairn Co. cut its holdings in Union Pacific Co. (NYSE:UNP) by 29.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,893 shares of the railroad operator’s stock after selling 3,752 shares during the period. Pitcairn Co.’s holdings in Union Pacific were worth $2,192,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Ameriprise Financial Inc. raised its position 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 acquiring an additional 106,996 shares in the last quarter. Legal & General Group Plc raised its position in shares of Union Pacific by 2.1% in 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 acquiring an additional 124,571 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Union Pacific by 8.3% in 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 in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Union Pacific by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,561,936 shares of the railroad operator’s stock worth $877,946,000 after acquiring an additional 38,999 shares in the last quarter. Finally, Raymond James & Associates raised its position in shares of Union Pacific by 2.1% in the 3rd quarter. Raymond James & Associates now owns 2,767,216 shares of the railroad operator’s stock worth $682,063,000 after acquiring an additional 57,652 shares in the last quarter. 80.38% of the stock is owned by institutional investors.

Union Pacific Trading Up 1.4 %

NYSE:UNP opened at $242.39 on Friday. 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 stock has a market capitalization of $146.95 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. The firm’s 50 day moving average is $240.53 and its 200 day moving average is $238.51. Union Pacific Co. has a 12 month low of $218.55 and a 12 month high of $258.66.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). The company had revenue of $6.09 billion during 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 company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the firm posted $2.51 EPS. Sell-side analysts expect that Union Pacific Co. will post 10.94 earnings per share for the current year.

Analysts Set New Price Targets

UNP has been the subject of several research analyst reports. Daiwa America lowered Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Citigroup raised their target price on Union Pacific from $255.00 to $267.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. Susquehanna reduced their target price 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. Benchmark restated a “buy” rating and issued a $266.00 target price on shares of Union Pacific in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. reduced their target price on Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Union Pacific presently has a consensus rating of “Moderate Buy” and a consensus target price 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.