West Tower Group LLC Makes New Investment in Union Pacific Corporation $UNP

West Tower Group LLC acquired a new position in Union Pacific Corporation (NYSE:UNP) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,800 shares of the railroad operator’s stock, valued at approximately $414,000.

A number of other large investors have also modified their holdings of the company. Cidel Asset Management Inc. raised its position in shares of Union Pacific by 17.6% in the second quarter. Cidel Asset Management Inc. now owns 100,561 shares of the railroad operator’s stock worth $23,137,000 after acquiring an additional 15,079 shares during the period. Salomon & Ludwin LLC raised its position in shares of Union Pacific by 217.4% in the second quarter. Salomon & Ludwin LLC now owns 292 shares of the railroad operator’s stock worth $69,000 after acquiring an additional 200 shares during the period. Financial Synergies Wealth Advisors Inc. acquired a new position in shares of Union Pacific in the second quarter worth about $363,000. DeDora Capital Inc. raised its position in shares of Union Pacific by 4.1% in the second quarter. DeDora Capital Inc. now owns 10,643 shares of the railroad operator’s stock worth $2,449,000 after acquiring an additional 424 shares during the period. Finally, Gladwyn Financial Advisors Inc. acquired a new position in shares of Union Pacific in the second quarter worth about $71,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Performance

NYSE:UNP opened at $225.98 on Monday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. The stock has a market capitalization of $134.03 billion, a P/E ratio of 19.63, a PEG ratio of 2.35 and a beta of 1.07. The company has a 50 day moving average price of $224.71 and a 200 day moving average price of $224.02. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating 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 last year, the company posted $2.74 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year. Equities research analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Raymond James Financial restated a “strong-buy” rating on shares of Union Pacific in a research report on Tuesday, July 15th. Barclays downgraded shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 30th. Baird R W upgraded shares of Union Pacific to a “hold” rating in a report on Tuesday, July 1st. Citigroup reiterated a “buy” rating and issued a $263.00 price objective (up previously from $251.00) on shares of Union Pacific in a report on Monday, October 13th. Finally, Susquehanna restated a “positive” rating and set a $272.00 price target (up previously from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, Union Pacific has a consensus rating of “Moderate Buy” and a consensus target price of $261.58.

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.