Union Pacific Corporation $UNP Shares Bought by iA Global Asset Management Inc.

iA Global Asset Management Inc. raised its holdings in Union Pacific Corporation (NYSE:UNP) by 54.7% in the second quarter, Holdings Channel.com reports. The fund owned 240,432 shares of the railroad operator’s stock after acquiring an additional 85,031 shares during the period. Union Pacific comprises 0.8% of iA Global Asset Management Inc.’s portfolio, making the stock its 29th biggest holding. iA Global Asset Management Inc.’s holdings in Union Pacific were worth $55,319,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC lifted its holdings in Union Pacific by 1,400.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after acquiring an additional 112 shares during the last quarter. Financial Gravity Asset Management Inc. acquired a new stake in Union Pacific in the 1st quarter valued at about $32,000. WPG Advisers LLC acquired a new stake in Union Pacific in the 1st quarter valued at about $33,000. GFG Capital LLC acquired a new stake in Union Pacific in the 2nd quarter valued at about $38,000. Finally, Cornerstone Planning Group LLC lifted its holdings in Union Pacific by 50.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock valued at $37,000 after acquiring an additional 56 shares during the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UNP has been the subject of a number of research analyst reports. Morgan Stanley cut their price target on shares of Union Pacific from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Monday, July 7th. Argus lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, August 12th. Cowen reaffirmed a “buy” rating on shares of Union Pacific in a research note on Friday, October 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Union Pacific in a research note on Wednesday, October 8th. Finally, Evercore ISI reduced their price objective on shares of Union Pacific from $244.00 to $238.00 and set an “in-line” rating for the company in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and a consensus target price of $261.63.

Union Pacific Price Performance

Shares of UNP opened at $220.80 on Friday. The company has a market capitalization of $130.97 billion, a price-to-earnings ratio of 18.76, a P/E/G ratio of 2.27 and a beta of 1.07. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.75 and a quick ratio of 0.60. The business’s 50-day moving average is $224.37 and its 200-day moving average is $224.32.

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