Hourglass Capital LLC Invests $1.52 Million in Union Pacific Corporation $UNP

Hourglass Capital LLC purchased a new position in shares of Union Pacific Corporation (NYSE:UNP) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,555 shares of the railroad operator’s stock, valued at approximately $1,516,000.

A number of other hedge funds have also recently added to or reduced their stakes in UNP. Net Worth Advisory Group boosted its holdings in Union Pacific by 37.9% in the 4th quarter. Net Worth Advisory Group now owns 3,658 shares of the railroad operator’s stock valued at $846,000 after purchasing an additional 1,005 shares in the last quarter. Dakota Wealth Management increased its position in Union Pacific by 132.3% during the 4th quarter. Dakota Wealth Management now owns 31,633 shares of the railroad operator’s stock worth $7,317,000 after purchasing an additional 18,017 shares during the period. Stephens Consulting LLC raised its stake in shares of Union Pacific by 48.4% during the 4th quarter. Stephens Consulting LLC now owns 135 shares of the railroad operator’s stock worth $31,000 after buying an additional 44 shares in the last quarter. Global X Japan Co. Ltd. acquired a new stake in shares of Union Pacific in the 4th quarter valued at approximately $3,757,000. Finally, Mather Group LLC. lifted its holdings in shares of Union Pacific by 21.7% in the 4th quarter. Mather Group LLC. now owns 3,752 shares of the railroad operator’s stock valued at $868,000 after buying an additional 669 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on UNP. Deutsche Bank Aktiengesellschaft set a $245.00 price objective on Union Pacific in a report on Thursday, December 11th. Robert W. Baird set a $311.00 target price on Union Pacific and gave the company an “outperform” rating in a report on Friday, March 6th. Royal Bank Of Canada set a $280.00 price target on shares of Union Pacific in a research note on Thursday, December 18th. TD Cowen cut their price target on shares of Union Pacific from $257.00 to $255.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. Finally, Weiss Ratings upgraded shares of Union Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Union Pacific has a consensus rating of “Moderate Buy” and a consensus target price of $264.86.

Union Pacific Trading Down 0.1%

Union Pacific stock opened at $239.06 on Friday. The stock has a 50-day moving average price of $248.35 and a 200 day moving average price of $234.92. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $268.14. The stock has a market cap of $141.86 billion, a PE ratio of 19.97, a P/E/G ratio of 2.61 and a beta of 0.95. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 1.64.

Union Pacific (NYSE:UNP) last released its earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The firm had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.15 billion. During the same quarter last year, the company posted $2.91 earnings per share. Union Pacific’s revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be paid a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. Union Pacific’s dividend payout ratio is presently 46.12%.

Union Pacific Company Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.