Union Pacific Corporation $UNP Stock: University of Texas Texas AM Investment Management Co. Boosts Stake

University of Texas Texas AM Investment Management Co. increased its holdings in Union Pacific Corporation (NYSE:UNP) by 449.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,778 shares of the railroad operator’s stock after buying an additional 8,816 shares during the period. University of Texas Texas AM Investment Management Co.’s holdings in Union Pacific were worth $2,933,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Legal & General Group Plc acquired a new stake in Union Pacific during the second quarter worth about $1,193,135,000. Canada Pension Plan Investment Board acquired a new position in Union Pacific in the second quarter valued at approximately $1,094,677,000. Bank of America Corp DE boosted its stake in Union Pacific by 16.8% in the first quarter. Bank of America Corp DE now owns 14,463,071 shares of the railroad operator’s stock valued at $3,509,030,000 after acquiring an additional 2,084,808 shares during the period. Jupiter Topco LLC bought a new position in shares of Union Pacific during the second quarter valued at approximately $479,274,000. Finally, State Street Corp grew its holdings in shares of Union Pacific by 4.9% during the second quarter. State Street Corp now owns 27,890,598 shares of the railroad operator’s stock valued at $7,586,243,000 after purchasing an additional 1,302,732 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

NYSE UNP opened at $290.50 on Monday. The company has a 50-day moving average price of $286.72 and a two-hundred day moving average price of $271.90. Union Pacific Corporation has a 52 week low of $218.20 and a 52 week high of $315.99. The stock has a market cap of $172.63 billion, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 2.67 and a beta of 0.84. The company has a current ratio of 1.16, a quick ratio of 0.99 and a debt-to-equity ratio of 1.32.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, October 22nd. The railroad operator reported $3.53 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $0.06. The company had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $7.16 billion. Union Pacific had a return on equity of 37.54% and a net margin of 28.90%. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.08 earnings per share. Analysts forecast that Union Pacific Corporation will post 13.13 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on UNP shares. BMO Capital Markets reiterated a “market perform” rating and set a $320.00 price target (up from $285.00) on shares of Union Pacific in a research report on Friday, July 24th. Susquehanna boosted their price objective on Union Pacific from $333.00 to $345.00 and gave the company a “positive” rating in a research report on Tuesday, October 27th. Bank of America upped their price objective on Union Pacific from $301.00 to $334.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Benchmark increased their target price on Union Pacific from $325.00 to $335.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Finally, Rothschild & Co Redburn raised their target price on Union Pacific from $313.00 to $323.00 and gave the company a “buy” rating in a research note on Tuesday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $325.09.

Union Pacific Company Profile

Union Pacific Corporation operates one of the largest freight rail networks in the United States through its subsidiary, Union Pacific Railroad. Its network serves 23 states across the western two-thirds of the country and connects with other railroads, ports and border crossings, including routes to Mexico and Canada.

The company transports a broad range of goods, including agricultural products, industrial materials, coal and energy products, and consumer merchandise. Its services support industries such as manufacturing, construction, agriculture, automotive and retail, with intermodal transportation combining rail with truck and shipping services.

Union Pacific traces its history to the Pacific Railway Act of 1862 and played a central role in building the first transcontinental railroad, completed in 1869.