Ingalls & Snyder LLC Reduces Stock Position in Union Pacific Corporation $UNP

Ingalls & Snyder LLC lessened its stake in shares of Union Pacific Corporation (NYSE:UNP) by 0.7% during the second quarter, HoldingsChannel.com reports. The fund owned 43,690 shares of the railroad operator’s stock after selling 299 shares during the quarter. Ingalls & Snyder LLC’s holdings in Union Pacific were worth $10,052,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in UNP. GAMMA Investing LLC boosted its holdings in shares of Union Pacific by 16.8% during the 1st quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator’s stock valued at $2,491,000 after acquiring an additional 1,520 shares during the last quarter. Perigon Wealth Management LLC boosted its holdings in shares of Union Pacific by 4.4% during the 1st quarter. Perigon Wealth Management LLC now owns 7,780 shares of the railroad operator’s stock valued at $1,838,000 after acquiring an additional 325 shares during the last quarter. Diversified Trust Co grew its stake in shares of Union Pacific by 4.7% during the 1st quarter. Diversified Trust Co now owns 12,402 shares of the railroad operator’s stock valued at $2,930,000 after purchasing an additional 558 shares during the period. Money Concepts Capital Corp purchased a new stake in shares of Union Pacific during the 1st quarter valued at about $207,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Union Pacific by 21.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 67,123 shares of the railroad operator’s stock valued at $15,583,000 after purchasing an additional 11,881 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Down 1.6%

Shares of UNP opened at $216.56 on Friday. The stock has a market capitalization of $128.44 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 2.25 and a beta of 1.07. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84. The business’s 50 day simple moving average is $224.95 and its 200-day simple moving average is $224.39. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.75 and a quick ratio of 0.53.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.09. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The business had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6.24 billion. During the same period in the prior year, the firm earned $2.75 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on UNP. JPMorgan Chase & Co. upped their price target on shares of Union Pacific from $265.00 to $267.00 and gave the company a “neutral” rating in a research report on Friday. Royal Bank Of Canada upped their price target on shares of Union Pacific from $257.00 to $276.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Argus lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, August 12th. Loop Capital raised shares of Union Pacific from a “sell” rating to a “hold” rating and upped their price target for the company from $214.00 to $227.00 in a research report on Tuesday, September 16th. Finally, Cowen reaffirmed a “buy” rating on shares of Union Pacific in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $261.63.

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.