SteelPeak Wealth LLC Boosts Holdings in Union Pacific Co. (NYSE:UNP)

SteelPeak Wealth LLC increased its holdings in Union Pacific Co. (NYSE:UNP) by 18.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,379 shares of the railroad operator’s stock after acquiring an additional 375 shares during the quarter. SteelPeak Wealth LLC’s holdings in Union Pacific were worth $586,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norden Group LLC purchased a new position in Union Pacific during the first quarter valued at approximately $358,000. Mission Wealth Management LP lifted its holdings in Union Pacific by 39.6% during the first quarter. Mission Wealth Management LP now owns 10,940 shares of the railroad operator’s stock valued at $2,691,000 after purchasing an additional 3,102 shares in the last quarter. Blue Trust Inc. lifted its holdings in Union Pacific by 7.7% during the first quarter. Blue Trust Inc. now owns 3,408 shares of the railroad operator’s stock valued at $838,000 after purchasing an additional 244 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Union Pacific by 1.7% during the first quarter. Janney Montgomery Scott LLC now owns 212,009 shares of the railroad operator’s stock valued at $52,140,000 after purchasing an additional 3,596 shares in the last quarter. Finally, Resonant Capital Advisors LLC lifted its holdings in Union Pacific by 20.2% during the first quarter. Resonant Capital Advisors LLC now owns 1,733 shares of the railroad operator’s stock valued at $426,000 after purchasing an additional 291 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Union Pacific from $263.00 to $252.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. StockNews.com cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Wells Fargo & Company reduced their price objective on shares of Union Pacific from $270.00 to $255.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. BMO Capital Markets reduced their price objective on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, September 20th. Finally, Bank of America reduced their price objective on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Union Pacific presently has an average rating of “Moderate Buy” and an average target price of $259.15.

Union Pacific Stock Down 0.0 %

NYSE:UNP opened at $232.07 on Friday. The firm has a market cap of $140.69 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 2.29 and a beta of 1.05. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63. The company has a 50-day moving average of $244.94 and a 200 day moving average of $238.34. Union Pacific Co. has a 1-year low of $204.63 and a 1-year high of $258.66.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). The firm had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.51 earnings per share. As a group, research analysts anticipate that Union Pacific Co. will post 10.97 EPS for the current fiscal 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.