Findlay Park Partners LLP Has $145.65 Million Position in Union Pacific Co. (UNP)
Findlay Park Partners LLP increased its stake in Union Pacific Co. (NYSE:UNP) by 22.3% during the third quarter, HoldingsChannel reports. The firm owned 1,255,945 shares of the railroad operator’s stock after acquiring an additional 229,381 shares during the period. Union Pacific accounts for approximately 1.4% of Findlay Park Partners LLP’s holdings, making the stock its 26th biggest position. Findlay Park Partners LLP’s holdings in Union Pacific were worth $145,652,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. OMERS ADMINISTRATION Corp grew its stake in Union Pacific by 15.5% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 1,008,200 shares of the railroad operator’s stock valued at $109,803,000 after acquiring an additional 134,950 shares in the last quarter. Community Bank N.A. grew its stake in Union Pacific by 3.0% during the 2nd quarter. Community Bank N.A. now owns 1,537 shares of the railroad operator’s stock valued at $168,000 after acquiring an additional 45 shares in the last quarter. Northeast Investment Management grew its stake in Union Pacific by 2.8% during the 2nd quarter. Northeast Investment Management now owns 278,258 shares of the railroad operator’s stock valued at $30,305,000 after acquiring an additional 7,663 shares in the last quarter. Greystone Managed Investments Inc. grew its stake in Union Pacific by 8.9% during the 2nd quarter. Greystone Managed Investments Inc. now owns 84,114 shares of the railroad operator’s stock valued at $9,161,000 after acquiring an additional 6,890 shares in the last quarter. Finally, iAB Financial Bank grew its stake in Union Pacific by 23.8% during the 2nd quarter. iAB Financial Bank now owns 3,900 shares of the railroad operator’s stock valued at $425,000 after acquiring an additional 750 shares in the last quarter. 78.45% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Union Pacific Co. (UNP) opened at $141.17 on Friday. The company has a market capitalization of $111,120.00, a P/E ratio of 24.99, a P/E/G ratio of 1.96 and a beta of 0.90. Union Pacific Co. has a 12 month low of $101.06 and a 12 month high of $141.81. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 0.83.
Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, October 26th. The railroad operator reported $1.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.01. Union Pacific had a return on equity of 23.35% and a net margin of 21.84%. The firm had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.32 billion. During the same period in the previous year, the company earned $1.36 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. research analysts expect that Union Pacific Co. will post 5.79 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, November 30th were issued a $0.665 dividend. This is a positive change from Union Pacific’s previous quarterly dividend of $0.61. This represents a $2.66 annualized dividend and a yield of 1.88%. The ex-dividend date was Wednesday, November 29th. Union Pacific’s payout ratio is 47.08%.
Several research firms have weighed in on UNP. Scotiabank set a $150.00 target price on Union Pacific and gave the company a “hold” rating in a research note on Thursday. Daiwa Capital Markets raised Union Pacific from a “hold” rating to an “outperform” rating in a research note on Thursday. BMO Capital Markets reaffirmed a “buy” rating and set a $150.00 target price on shares of Union Pacific in a research note on Monday, January 8th. Zacks Investment Research cut Union Pacific from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Finally, UBS Group raised Union Pacific from a “neutral” rating to a “buy” rating in a research note on Friday, January 5th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $122.65.
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About Union Pacific
Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.
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