Quantbot Technologies LP Purchases 37,371 Shares of Union Pacific Corporation $UNP

Quantbot Technologies LP grew its position in shares of Union Pacific Corporation (NYSE:UNP) by 1,892.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,346 shares of the railroad operator’s stock after purchasing an additional 37,371 shares during the period. Quantbot Technologies LP’s holdings in Union Pacific were worth $9,053,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. CBIZ Investment Advisory Services LLC raised its holdings in shares of Union Pacific by 1,400.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after acquiring an additional 112 shares in the last quarter. Financial Gravity Companies Inc. purchased a new position in shares of Union Pacific during the second quarter worth about $31,000. Access Investment Management LLC bought a new position in shares of Union Pacific in the second quarter worth approximately $32,000. WPG Advisers LLC purchased a new stake in Union Pacific in the first quarter valued at approximately $33,000. Finally, GFG Capital LLC purchased a new stake in Union Pacific in the second quarter valued at approximately $38,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

UNP opened at $231.41 on Tuesday. The firm has a market cap of $137.26 billion, a PE ratio of 19.66, a P/E/G ratio of 2.27 and a beta of 1.04. The stock has a 50-day moving average price of $226.08 and a 200-day moving average price of $225.17. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84. 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 (NYSE:UNP) last released its quarterly earnings data 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 return on equity of 42.23% and a net margin of 28.73%.The company had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6.24 billion. During the same period last year, the company earned $2.75 EPS. Union Pacific’s revenue for the quarter was up 2.5% on a year-over-year basis. Sell-side analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 5th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, December 5th. Union Pacific’s dividend payout ratio (DPR) is currently 46.90%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Cowen reissued a “buy” rating on shares of Union Pacific in a research note on Friday, October 24th. TD Cowen cut their price objective on shares of Union Pacific from $258.00 to $257.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Union Pacific in a research note on Wednesday, October 8th. Loop Capital upgraded shares of Union Pacific from a “sell” rating to a “hold” rating and upped their price target for the company from $214.00 to $227.00 in a research report on Tuesday, September 16th. Finally, Argus cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, Union Pacific currently has a consensus rating of “Moderate Buy” and an average price target of $261.63.

About Union Pacific

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.