Sit Investment Associates Inc. Has $10.41 Million Holdings in Union Pacific Corporation (NYSE:UNP)

Sit Investment Associates Inc. boosted its position in Union Pacific Corporation (NYSE:UNP) by 0.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,063 shares of the railroad operator’s stock after buying an additional 348 shares during the quarter. Sit Investment Associates Inc.’s holdings in Union Pacific were worth $10,409,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Highline Wealth Partners LLC grew its stake in Union Pacific by 103.5% in the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock valued at $27,000 after buying an additional 59 shares during the last quarter. Financial Gravity Asset Management Inc. acquired a new position in Union Pacific in the 1st quarter valued at $32,000. Cornerstone Planning Group LLC grew its stake in Union Pacific by 50.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock valued at $37,000 after buying an additional 56 shares during the last quarter. Strategic Investment Solutions Inc. IL grew its stake in Union Pacific by 38.8% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator’s stock valued at $39,000 after buying an additional 45 shares during the last quarter. Finally, IMA Advisory Services Inc. acquired a new stake in Union Pacific in the 1st quarter worth $43,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Trading Up 2.0%

UNP opened at $223.20 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $132.37 billion, a PE ratio of 19.39, a PEG ratio of 2.13 and a beta of 1.05. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $258.07. The firm has a 50-day moving average price of $227.09 and a two-hundred day moving average price of $229.99.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, topping the consensus estimate of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The company had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.09 billion. During the same quarter in the previous year, the company earned $2.74 EPS. Union Pacific’s revenue was up 2.4% on a year-over-year basis. As a group, equities analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be given a dividend of $1.38 per share. The ex-dividend date is Friday, August 29th. This represents a $5.52 annualized dividend and a dividend yield of 2.5%. This is a positive change from Union Pacific’s previous quarterly dividend of $1.34. Union Pacific’s dividend payout ratio is presently 46.57%.

Wall Street Analyst Weigh In

Several analysts have issued reports on UNP shares. Baird R W upgraded shares of Union Pacific to a “hold” rating in a research report on Tuesday, July 1st. The Goldman Sachs Group restated a “neutral” rating and issued a $263.00 price target on shares of Union Pacific in a research report on Monday, June 2nd. Wells Fargo & Company raised their price target on shares of Union Pacific from $250.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Sanford C. Bernstein raised their price objective on shares of Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Finally, Susquehanna reduced their price objective on shares of Union Pacific from $260.00 to $257.00 and set a “positive” rating for the company in a report on Wednesday, July 30th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $258.21.

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.