First County Bank CT Boosts Stock Holdings in Union Pacific Co. (NYSE:UNP)

First County Bank CT grew its position in Union Pacific Co. (NYSE:UNP) by 2.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,702 shares of the railroad operator’s stock after purchasing an additional 198 shares during the period. Union Pacific comprises about 1.1% of First County Bank CT’s portfolio, making the stock its 22nd largest position. First County Bank CT’s holdings in Union Pacific were worth $2,145,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Edgestream Partners L.P. bought a new stake in Union Pacific in the first quarter worth about $217,000. EntryPoint Capital LLC bought a new stake in Union Pacific in the 1st quarter valued at about $97,000. Capital International Sarl purchased a new stake in Union Pacific during the first quarter valued at about $351,000. LRI Investments LLC bought a new position in Union Pacific during the first quarter worth about $189,000. Finally, Epoch Investment Partners Inc. increased its stake in shares of Union Pacific by 9.3% in the first quarter. Epoch Investment Partners Inc. now owns 690,257 shares of the railroad operator’s stock worth $169,755,000 after purchasing an additional 58,704 shares in the last quarter. 80.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Citigroup increased their target price on Union Pacific from $255.00 to $267.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. Daiwa America downgraded shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Wells Fargo & Company reduced their price target on shares of Union Pacific from $270.00 to $255.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. TD Cowen decreased their price target on shares of Union Pacific from $255.00 to $252.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, BMO Capital Markets dropped their price target on Union Pacific from $280.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, September 20th. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $259.80.

Union Pacific Stock Up 2.3 %

Shares of NYSE:UNP opened at $239.02 on Friday. The stock has a market capitalization of $144.91 billion, a P/E ratio of 21.95, a price-to-earnings-growth ratio of 2.31 and a beta of 1.06. The stock’s 50-day moving average price is $240.67 and its 200-day moving average price is $238.52. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. Union Pacific Co. has a 12-month low of $218.55 and a 12-month high of $258.66.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). The company had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. Union Pacific’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the firm earned $2.51 earnings per share. On average, equities analysts anticipate 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.