Northeast Investment Management Sells 1,030 Shares of Union Pacific Co. (NYSE:UNP)

Northeast Investment Management cut its holdings in Union Pacific Co. (NYSE:UNP) by 0.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 195,415 shares of the railroad operator’s stock after selling 1,030 shares during the period. Union Pacific comprises approximately 2.2% of Northeast Investment Management’s investment portfolio, making the stock its 12th biggest holding. Northeast Investment Management’s holdings in Union Pacific were worth $48,166,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Marshall Wace LLP increased its holdings in Union Pacific by 272.3% during the second quarter. Marshall Wace LLP now owns 1,678,108 shares of the railroad operator’s stock worth $379,689,000 after buying an additional 1,227,318 shares during the last quarter. Capital World Investors increased its holdings in Union Pacific by 35.3% during the first quarter. Capital World Investors now owns 4,118,477 shares of the railroad operator’s stock worth $1,012,857,000 after buying an additional 1,073,625 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Union Pacific by 19,878.6% during the third quarter. International Assets Investment Management LLC now owns 896,040 shares of the railroad operator’s stock worth $220,856,000 after buying an additional 891,555 shares during the last quarter. Capital Research Global Investors increased its holdings in Union Pacific by 7.6% during the first quarter. Capital Research Global Investors now owns 7,370,752 shares of the railroad operator’s stock worth $1,812,689,000 after buying an additional 518,985 shares during the last quarter. Finally, Bridges Investment Management Inc. increased its holdings in Union Pacific by 186.4% during the second quarter. Bridges Investment Management Inc. now owns 704,769 shares of the railroad operator’s stock worth $159,461,000 after buying an additional 458,664 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Stock Performance

Union Pacific stock opened at $232.69 on Monday. The business has a 50 day moving average of $244.66 and a 200-day moving average of $238.45. Union Pacific Co. has a 1 year low of $207.74 and a 1 year high of $258.66. 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 market capitalization of $141.07 billion, a P/E ratio of 21.37, a P/E/G ratio of 2.29 and a beta of 1.06.

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on UNP shares. Royal Bank of Canada decreased their price objective on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. BMO Capital Markets decreased their price objective on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, September 20th. Stifel Nicolaus reduced their target price on shares of Union Pacific from $265.00 to $262.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Raymond James boosted their target price on shares of Union Pacific from $265.00 to $275.00 and gave the company a “strong-buy” rating in a research report on Monday, October 14th. Finally, StockNews.com cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Union Pacific has an average rating of “Moderate Buy” and a consensus price target of $259.15.

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.