Hourglass Capital LLC Makes New Investment in Union Pacific Corporation $UNP

Hourglass Capital LLC acquired a new position in shares of Union Pacific Corporation (NYSE:UNP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,555 shares of the railroad operator’s stock, valued at approximately $1,516,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Union Bancaire Privee UBP SA raised its holdings in shares of Union Pacific by 9.8% in the 3rd quarter. Union Bancaire Privee UBP SA now owns 52,849 shares of the railroad operator’s stock worth $12,492,000 after purchasing an additional 4,707 shares during the period. Midwest Trust Co grew its holdings in shares of Union Pacific by 2.8% during the 3rd quarter. Midwest Trust Co now owns 281,036 shares of the railroad operator’s stock worth $66,428,000 after purchasing an additional 7,759 shares during the period. CX Institutional increased its position in Union Pacific by 39.8% during the 3rd quarter. CX Institutional now owns 65,826 shares of the railroad operator’s stock worth $15,559,000 after purchasing an additional 18,742 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Union Pacific by 15.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 135,188 shares of the railroad operator’s stock worth $31,955,000 after purchasing an additional 17,696 shares in the last quarter. Finally, AustralianSuper Pty Ltd purchased a new position in Union Pacific in the third quarter valued at approximately $802,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $239.06 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.75 and a current ratio of 0.91. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $268.14. The firm’s 50-day simple moving average is $248.35 and its 200-day simple moving average is $234.92. The firm has a market cap of $141.86 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 2.61 and a beta of 0.95.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Tuesday, January 27th. The railroad operator reported $2.86 EPS for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). The firm had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.15 billion. Union Pacific had a return on equity of 40.89% and a net margin of 29.12%.The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the business posted $2.91 earnings per share. Equities analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be given a $1.38 dividend. The ex-dividend date is Friday, February 27th. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. Union Pacific’s dividend payout ratio (DPR) is presently 46.12%.

Analyst Ratings Changes

UNP has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft set a $245.00 price target on shares of Union Pacific in a research report on Thursday, December 11th. The Goldman Sachs Group reissued a “neutral” rating and issued a $267.00 target price on shares of Union Pacific in a research note on Tuesday, January 27th. Susquehanna restated a “buy” rating on shares of Union Pacific in a report on Monday, January 19th. JPMorgan Chase & Co. decreased their price target on shares of Union Pacific from $270.00 to $265.00 and set a “neutral” rating for the company in a research report on Wednesday, January 28th. Finally, Citigroup reiterated a “buy” rating and issued a $270.00 price target (up from $265.00) on shares of Union Pacific in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Union Pacific has a consensus rating of “Moderate Buy” and an average price target of $264.86.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.