Mirabaud Asset Management Ltd Lowers Stock Position in Union Pacific Corporation $UNP

Mirabaud Asset Management Ltd decreased its holdings in Union Pacific Corporation (NYSE:UNP) by 5.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,111 shares of the railroad operator’s stock after selling 301 shares during the quarter. Mirabaud Asset Management Ltd’s holdings in Union Pacific were worth $1,183,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of UNP. Campbell & CO Investment Adviser LLC purchased a new position in Union Pacific during the 2nd quarter worth $5,548,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Union Pacific by 21.7% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 57,498 shares of the railroad operator’s stock worth $13,229,000 after buying an additional 10,255 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Union Pacific by 6.2% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,146,965 shares of the railroad operator’s stock worth $263,894,000 after buying an additional 67,351 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Union Pacific by 6.1% during the second quarter. Parkside Financial Bank & Trust now owns 4,930 shares of the railroad operator’s stock worth $1,134,000 after buying an additional 285 shares during the last quarter. Finally, Aviva PLC increased its position in Union Pacific by 6.5% in the 2nd quarter. Aviva PLC now owns 454,320 shares of the railroad operator’s stock valued at $104,530,000 after acquiring an additional 27,774 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Trading Up 1.7%

Shares of UNP stock opened at $221.65 on Friday. The business’s fifty day moving average price is $224.06 and its 200 day moving average price is $224.37. The firm has a market capitalization of $131.47 billion, a PE ratio of 18.83, a P/E/G ratio of 2.27 and a beta of 1.04. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.75 and a quick ratio of 0.60. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, topping the consensus estimate of $2.99 by $0.09. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The company had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6.24 billion. During the same period in the previous year, the firm earned $2.75 EPS. The business’s revenue was up 2.5% on a year-over-year basis. As a group, sell-side analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Sanford C. Bernstein increased their price objective on Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Susquehanna reaffirmed a “positive” rating and set a $272.00 price target (up from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. Citigroup lifted their price objective on shares of Union Pacific from $263.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a research note on Tuesday, July 15th. Finally, JPMorgan Chase & Co. raised their target price on shares of Union Pacific from $265.00 to $267.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $261.63.

Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.