Union Pacific Corporation $UNP Shares Bought by IVY Lane Capital Management LLC

IVY Lane Capital Management LLC raised its stake in Union Pacific Corporation (NYSE:UNP) by 25.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,000 shares of the railroad operator’s stock after purchasing an additional 5,000 shares during the quarter. Union Pacific accounts for 9.2% of IVY Lane Capital Management LLC’s investment portfolio, making the stock its 4th biggest holding. IVY Lane Capital Management LLC’s holdings in Union Pacific were worth $6,066,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. ABN Amro Investment Solutions raised its stake in shares of Union Pacific by 2.3% during the first quarter. ABN Amro Investment Solutions now owns 53,158 shares of the railroad operator’s stock worth $12,897,000 after purchasing an additional 1,174 shares during the last quarter. Oslo Pensjonsforsikring AS acquired a new stake in shares of Union Pacific during the first quarter worth $389,000. Andra AP fonden grew its position in Union Pacific by 532.1% in the 1st quarter. Andra AP fonden now owns 76,473 shares of the railroad operator’s stock valued at $18,554,000 after buying an additional 64,375 shares during the last quarter. Glenview Trust Co grew its position in Union Pacific by 2.6% in the 1st quarter. Glenview Trust Co now owns 136,268 shares of the railroad operator’s stock valued at $33,061,000 after buying an additional 3,418 shares during the last quarter. Finally, Convergence Investment Partners LLC increased its stake in Union Pacific by 0.8% in the 1st quarter. Convergence Investment Partners LLC now owns 5,289 shares of the railroad operator’s stock valued at $1,283,000 after buying an additional 43 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analyst Upgrades and Downgrades

UNP has been the subject of a number of analyst reports. Evercore restated an “outperform” rating and set a $294.00 price objective on shares of Union Pacific in a research report on Thursday, June 25th. Benchmark reaffirmed a “buy” rating and issued a $325.00 target price (up from $300.00) on shares of Union Pacific in a report on Wednesday, July 15th. Barclays reiterated an “overweight” rating and set a $315.00 price target (up from $285.00) on shares of Union Pacific in a research note on Friday, April 24th. Weiss Ratings cut shares of Union Pacific from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $289.00 price objective (up from $273.00) on shares of Union Pacific in a research report on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $299.11.

Union Pacific Trading Down 1.1%

Shares of UNP stock opened at $293.07 on Wednesday. The business’s fifty day moving average price is $273.12 and its 200 day moving average price is $257.03. The firm has a market capitalization of $174.00 billion, a PE ratio of 24.14, a P/E/G ratio of 3.10 and a beta of 0.96. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.92 and a quick ratio of 0.73. Union Pacific Corporation has a 1-year low of $210.84 and a 1-year high of $303.15.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.07. The company had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.12 billion. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.Union Pacific’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.70 earnings per share. As a group, sell-side analysts forecast that Union Pacific Corporation will post 12.62 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, May 29th. Union Pacific’s dividend payout ratio (DPR) is currently 45.47%.

Insider Activity at Union Pacific

In related news, EVP Kenyatta G. Rocker sold 27,387 shares of the firm’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $271.76, for a total value of $7,442,691.12. Following the completion of the sale, the executive vice president owned 61,102 shares in the company, valued at $16,605,079.52. This trade represents a 30.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Eric J. Gehringer sold 2,991 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total transaction of $789,504.36. Following the sale, the executive vice president directly owned 43,012 shares in the company, valued at approximately $11,353,447.52. This represents a 6.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 32,378 shares of company stock worth $8,781,595 over the last 90 days. Company insiders own 0.22% of the company’s stock.

Union Pacific Company 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.