Modera Wealth Management LLC Grows Position in Union Pacific Corporation $UNP

Modera Wealth Management LLC grew its stake in Union Pacific Corporation (NYSE:UNP) by 3.0% in the second quarter, Holdings Channel reports. The fund owned 12,144 shares of the railroad operator’s stock after purchasing an additional 352 shares during the period. Modera Wealth Management LLC’s holdings in Union Pacific were worth $2,794,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC lifted its stake in Union Pacific by 1,400.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock worth $28,000 after purchasing an additional 112 shares in the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in shares of Union Pacific during the first quarter worth approximately $32,000. Access Investment Management LLC acquired a new stake in shares of Union Pacific in the 2nd quarter valued at $32,000. WPG Advisers LLC purchased a new stake in Union Pacific during the 1st quarter worth about $33,000. Finally, GFG Capital LLC acquired a new position in Union Pacific in the second quarter valued at approximately $38,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Price Performance

Shares of UNP opened at $221.65 on Friday. 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 stock has a fifty day moving average price of $224.06 and a 200 day moving average price of $224.32. The company has a market cap of $131.47 billion, a P/E ratio of 18.83, a PEG 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.

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

Analyst Ratings Changes

UNP has been the subject of a number of research reports. Citigroup boosted their price objective on Union Pacific from $263.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Argus cut Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, August 12th. Royal Bank Of Canada upped their target price on shares of Union Pacific from $257.00 to $276.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. The Goldman Sachs Group set a $263.00 price target on Union Pacific and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Finally, Susquehanna reaffirmed a “positive” rating and issued a $272.00 target price (up previously from $257.00) on shares of Union Pacific in a research note on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and a consensus price target of $261.63.

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.