Versant Capital Management Inc lessened its stake in Union Pacific Co. (NYSE:UNP) by 4.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,248 shares of the railroad operator’s stock after selling 147 shares during the quarter. Versant Capital Management Inc’s holdings in Union Pacific were worth $543,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Neuberger Berman Group LLC increased its stake in Union Pacific by 15.7% in the 3rd quarter. Neuberger Berman Group LLC now owns 746,599 shares of the railroad operator’s stock worth $121,569,000 after purchasing an additional 101,185 shares during the period. Contravisory Investment Management Inc. increased its stake in Union Pacific by 186.0% in the 4th quarter. Contravisory Investment Management Inc. now owns 369 shares of the railroad operator’s stock worth $51,000 after purchasing an additional 240 shares during the period. CX Institutional increased its stake in Union Pacific by 793.1% in the 4th quarter. CX Institutional now owns 518 shares of the railroad operator’s stock worth $72,000 after purchasing an additional 460 shares during the period. Gateway Investment Advisers LLC increased its stake in Union Pacific by 1.6% in the 4th quarter. Gateway Investment Advisers LLC now owns 39,404 shares of the railroad operator’s stock worth $5,447,000 after purchasing an additional 633 shares during the period. Finally, DNB Asset Management AS increased its stake in Union Pacific by 11.5% in the 4th quarter. DNB Asset Management AS now owns 108,920 shares of the railroad operator’s stock worth $15,056,000 after purchasing an additional 11,243 shares during the period. Institutional investors own 81.28% of the company’s stock.

UNP opened at $173.77 on Thursday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.60 and a current ratio of 0.75. Union Pacific Co. has a 52-week low of $128.08 and a 52-week high of $180.02. The company has a market cap of $121.60 billion, a PE ratio of 21.97, a price-to-earnings-growth ratio of 1.90 and a beta of 1.11.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, April 18th. The railroad operator reported $1.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.89 by $0.04. Union Pacific had a return on equity of 30.73% and a net margin of 26.59%. The firm had revenue of $5.38 billion for the quarter, compared to analysts’ expectations of $5.51 billion. During the same period in the previous year, the firm earned $1.68 earnings per share. The business’s revenue was down 1.7% compared to the same quarter last year. As a group, equities analysts anticipate that Union Pacific Co. will post 9.06 EPS for the current year.

Union Pacific announced that its board has authorized a stock buyback plan on Thursday, February 7th that permits the company to buyback 150,000,000 outstanding shares. This buyback authorization permits the railroad operator to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

In related news, VP Todd M. Rynaski sold 8,802 shares of Union Pacific stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $170.00, for a total transaction of $1,496,340.00. Following the sale, the vice president now directly owns 19,731 shares in the company, valued at $3,354,270. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert M. Knight, Jr. sold 1,380 shares of Union Pacific stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $180.01, for a total value of $248,413.80. Following the sale, the executive vice president now owns 94,943 shares in the company, valued at $17,090,689.43. The disclosure for this sale can be found here. Insiders have sold 31,667 shares of company stock worth $5,454,729 over the last 90 days. 9.96% of the stock is currently owned by corporate insiders.

A number of brokerages have commented on UNP. Stifel Nicolaus set a $170.00 price target on Union Pacific and gave the stock a “hold” rating in a research note on Tuesday, April 23rd. Deutsche Bank set a $200.00 price target on Union Pacific and gave the stock a “buy” rating in a research note on Monday, April 22nd. TD Securities boosted their target price on Union Pacific from $170.00 to $180.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. Raymond James boosted their target price on Union Pacific from $192.00 to $201.00 and gave the company a “strong-buy” rating in a research note on Monday, April 22nd. Finally, BMO Capital Markets boosted their target price on Union Pacific to $190.00 and gave the company an “outperform” rating in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $175.35.

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About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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