Renaissance Technologies LLC Sells 274,100 Shares of Union Pacific Corporation $UNP

Renaissance Technologies LLC trimmed its position in Union Pacific Corporation (NYSE:UNP) by 92.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,100 shares of the railroad operator’s stock after selling 274,100 shares during the period. Renaissance Technologies LLC’s holdings in Union Pacific were worth $5,119,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in UNP. Cambient Family Office LLC bought a new position in shares of Union Pacific in the fourth quarter worth about $1,319,000. First National Bank of Omaha increased its holdings in Union Pacific by 35.8% in the 4th quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator’s stock worth $12,665,000 after acquiring an additional 14,399 shares in the last quarter. North Dakota State Investment Board bought a new stake in Union Pacific during the 4th quarter worth approximately $4,746,000. Sage Investment Advisers LLC bought a new stake in Union Pacific during the 4th quarter worth approximately $997,000. Finally, Truist Financial Corp lifted its holdings in Union Pacific by 3.1% during the fourth quarter. Truist Financial Corp now owns 1,016,071 shares of the railroad operator’s stock valued at $235,038,000 after purchasing an additional 30,079 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Trading Down 0.0%

Shares of UNP opened at $295.41 on Friday. The firm has a market cap of $175.50 billion, a P/E ratio of 23.92, a price-to-earnings-growth ratio of 3.03 and a beta of 0.96. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.82. Union Pacific Corporation has a 1 year low of $210.84 and a 1 year high of $315.99. The company has a 50 day simple moving average of $279.53 and a two-hundred day simple moving average of $262.62.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, topping the consensus estimate of $3.26 by $0.15. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The firm had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.72 billion. During the same quarter in the previous year, the firm earned $3.03 earnings per share. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. On average, equities analysts expect that Union Pacific Corporation will post 12.9 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, August 31st. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s dividend payout ratio is presently 44.70%.

Analyst Ratings Changes

UNP has been the subject of a number of analyst reports. Stephens raised shares of Union Pacific to a “strong-buy” rating in a research note on Wednesday, July 8th. TD Cowen restated a “buy” rating and set a $325.00 target price (up from $282.00) on shares of Union Pacific in a research note on Friday, July 24th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a report on Monday, July 13th. UBS Group reiterated a “neutral” rating and issued a $310.00 price target (up from $286.00) on shares of Union Pacific in a research note on Friday, July 24th. Finally, JPMorgan Chase & Co. raised their price target on Union Pacific from $304.00 to $334.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Union Pacific currently has a consensus rating of “Moderate Buy” and an average price target of $320.89.

Insider Buying and Selling

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total transaction of $789,504.36. Following the completion of the transaction, the executive vice president owned 43,012 shares of the company’s stock, valued at $11,353,447.52. This represents a 6.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.22% of the stock is currently owned by insiders.

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.