Fox Run Management L.L.C. Buys New Holdings in Union Pacific Corporation $UNP

Fox Run Management L.L.C. purchased a new position in Union Pacific Corporation (NYSE:UNP) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,598 shares of the railroad operator’s stock, valued at approximately $2,438,000. Union Pacific accounts for approximately 0.4% of Fox Run Management L.L.C.’s investment portfolio, making the stock its 13th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in UNP. Northern Trust Corp grew its stake in Union Pacific by 2.0% during the first quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator’s stock valued at $1,678,575,000 after acquiring an additional 142,732 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Union Pacific by 5.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator’s stock valued at $1,641,715,000 after purchasing an additional 354,463 shares in the last quarter. Royal Bank of Canada grew its position in shares of Union Pacific by 1.7% during the first quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator’s stock valued at $1,206,191,000 after purchasing an additional 86,292 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Union Pacific by 10.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock worth $1,092,893,000 after purchasing an additional 452,788 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Union Pacific in the first quarter worth about $988,822,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. The Goldman Sachs Group set a $263.00 price target on Union Pacific and gave the company a “neutral” rating in a report on Thursday, October 23rd. Citigroup boosted their price target on shares of Union Pacific from $263.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Barclays lowered shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. lifted their price objective on shares of Union Pacific from $265.00 to $267.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Finally, Sanford C. Bernstein upped their target price on shares of Union Pacific from $271.00 to $286.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and an average price target of $261.63.

Union Pacific Price Performance

UNP stock opened at $221.65 on Friday. The stock has a market cap of $131.47 billion, a PE ratio of 18.83, a P/E/G ratio of 2.27 and a beta of 1.04. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The company has a 50-day moving average price of $224.06 and a 200 day moving average price of $224.32. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75.

Union Pacific (NYSE:UNP) last announced 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 net margin of 28.73% and a return on equity of 42.23%. The business had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6.24 billion. During the same quarter last year, the firm earned $2.75 earnings per share. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. Equities research analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current year.

About Union Pacific

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.