Fifth Third Wealth Advisors LLC Purchases 5,840 Shares of Union Pacific Co. (NYSE:UNP)

Fifth Third Wealth Advisors LLC grew its holdings in shares of Union Pacific Co. (NYSE:UNP) by 59.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 15,639 shares of the railroad operator’s stock after acquiring an additional 5,840 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Union Pacific were worth $3,855,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Marshall Wace LLP lifted its holdings in Union Pacific by 272.3% in the 2nd quarter. Marshall Wace LLP now owns 1,678,108 shares of the railroad operator’s stock worth $379,689,000 after buying an additional 1,227,318 shares during the period. Capital World Investors lifted its stake in Union Pacific by 35.3% in the first quarter. Capital World Investors now owns 4,118,477 shares of the railroad operator’s stock worth $1,012,857,000 after acquiring an additional 1,073,625 shares during the period. International Assets Investment Management LLC boosted its holdings in Union Pacific by 19,878.6% in the third quarter. International Assets Investment Management LLC now owns 896,040 shares of the railroad operator’s stock valued at $220,856,000 after acquiring an additional 891,555 shares in the last quarter. Impax Asset Management Group plc increased its position in Union Pacific by 2,025.4% during the 3rd quarter. Impax Asset Management Group plc now owns 546,236 shares of the railroad operator’s stock valued at $134,636,000 after purchasing an additional 520,536 shares during the period. Finally, Capital Research Global Investors raised its holdings in Union Pacific by 7.6% in the 1st quarter. Capital Research Global Investors now owns 7,370,752 shares of the railroad operator’s stock worth $1,812,689,000 after purchasing an additional 518,985 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Benchmark reiterated a “buy” rating and set a $266.00 price target on shares of Union Pacific in a research report on Friday, October 25th. Evercore ISI cut Union Pacific from an “outperform” rating to an “inline” rating and lowered their price objective for the company from $254.00 to $247.00 in a research note on Wednesday, September 25th. Sanford C. Bernstein cut their target price on Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 9th. BMO Capital Markets dropped their price target on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, September 20th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Union Pacific from $263.00 to $252.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $259.80.

Union Pacific Price Performance

NYSE UNP opened at $234.41 on Tuesday. The business’s fifty day moving average is $241.53 and its 200 day moving average is $238.60. The company has a market capitalization of $142.11 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 2.33 and a beta of 1.06. Union Pacific Co. has a fifty-two week low of $216.92 and a fifty-two week high of $258.66. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). The business had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The business’s revenue was up 2.5% on a year-over-year basis. During the same period last year, the company earned $2.51 EPS. Sell-side analysts predict that Union Pacific Co. will post 10.94 earnings per share for the current year.

Union Pacific 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.