Rafferty Asset Management LLC increased its holdings in Union Pacific Co. (NYSE:UNP) by 67.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,428 shares of the railroad operator’s stock after purchasing an additional 1,386 shares during the quarter. Rafferty Asset Management LLC’s holdings in Union Pacific were worth $474,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of UNP. Private Ocean LLC purchased a new position in shares of Union Pacific in the fourth quarter valued at about $25,000. Gradient Investments LLC increased its position in shares of Union Pacific by 117.1% in the fourth quarter. Gradient Investments LLC now owns 241 shares of the railroad operator’s stock valued at $33,000 after acquiring an additional 130 shares during the period. Tributary Capital Management LLC purchased a new position in shares of Union Pacific in the fourth quarter valued at about $42,000. Essex Investment Management Co. LLC purchased a new position in shares of Union Pacific in the fourth quarter valued at about $47,000. Finally, Howe & Rusling Inc. increased its position in shares of Union Pacific by 25.4% in the fourth quarter. Howe & Rusling Inc. now owns 346 shares of the railroad operator’s stock valued at $48,000 after acquiring an additional 70 shares during the period. Institutional investors own 78.60% of the company’s stock.
Shares of NYSE UNP opened at $161.00 on Thursday. Union Pacific Co. has a 1 year low of $126.37 and a 1 year high of $172.44. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.74 and a current ratio of 0.90. The stock has a market cap of $116.20 billion, a P/E ratio of 20.35, a P/E/G ratio of 1.67 and a beta of 1.11.
Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, January 24th. The railroad operator reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.06. Union Pacific had a net margin of 26.13% and a return on equity of 27.95%. The company had revenue of $5.76 billion for the quarter, compared to analysts’ expectations of $5.73 billion. During the same quarter in the previous year, the company earned $1.53 earnings per share. Union Pacific’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, equities analysts predict that Union Pacific Co. will post 9.05 EPS for the current fiscal year.
Union Pacific announced that its board has approved a stock repurchase program on Thursday, February 7th that allows the company to buyback 150,000,000 outstanding shares. This buyback authorization allows the railroad operator to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, February 28th will be paid a dividend of $0.88 per share. The ex-dividend date is Wednesday, February 27th. This represents a $3.52 annualized dividend and a yield of 2.19%. This is a positive change from Union Pacific’s previous quarterly dividend of $0.80. Union Pacific’s payout ratio is presently 44.50%.
UNP has been the topic of a number of analyst reports. Cowen upgraded shares of Union Pacific from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $153.00 to $178.00 in a research report on Tuesday, January 8th. Loop Capital boosted their price objective on shares of Union Pacific from $188.00 to $193.00 and gave the company a “positive” rating in a research report on Thursday, January 24th. Credit Suisse Group decreased their price objective on shares of Union Pacific from $190.00 to $166.00 and set an “outperform” rating on the stock in a research report on Monday, January 7th. Argus boosted their price target on shares of Union Pacific to $175.00 and gave the company a “positive” rating in a research report on Friday, January 25th. Finally, TD Securities boosted their price target on shares of Union Pacific from $155.00 to $170.00 and gave the company a “hold” rating in a research report on Friday, January 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $168.78.
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Union Pacific Company Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
See Also: Leveraged Buyout (LBO)
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