Fisher Asset Management LLC Grows Stake in Union Pacific Co. (NYSE:UNP)

Fisher Asset Management LLC grew its holdings in shares of Union Pacific Co. (NYSE:UNP) by 2.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,285,585 shares of the railroad operator’s stock after buying an additional 143,896 shares during the period. Fisher Asset Management LLC owned 1.04% of Union Pacific worth $1,549,271,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UNP. Marshall Wace LLP raised its stake in Union Pacific by 272.3% in 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 in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Union Pacific by 19,878.6% during the 3rd quarter. International Assets Investment Management LLC now owns 896,040 shares of the railroad operator’s stock worth $220,856,000 after acquiring an additional 891,555 shares during the period. Impax Asset Management Group plc raised its position in shares of Union Pacific by 2,025.4% in the 3rd quarter. Impax Asset Management Group plc now owns 546,236 shares of the railroad operator’s stock worth $134,636,000 after acquiring an additional 520,536 shares in the last quarter. Jennison Associates LLC raised its position in shares of Union Pacific by 170.9% in the 3rd quarter. Jennison Associates LLC now owns 736,246 shares of the railroad operator’s stock worth $181,470,000 after acquiring an additional 464,477 shares in the last quarter. Finally, Bridges Investment Management Inc. lifted its stake in shares of Union Pacific by 186.4% in the 2nd quarter. Bridges Investment Management Inc. now owns 704,769 shares of the railroad operator’s stock valued at $159,461,000 after purchasing an additional 458,664 shares during the period. Institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Up 1.4 %

UNP opened at $242.39 on Monday. The stock has a market capitalization of $146.95 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 2.40 and a beta of 1.06. The firm has a 50 day moving average price of $240.53 and a 200-day moving average price of $238.46. Union Pacific Co. has a twelve month low of $218.55 and a twelve month high of $258.66. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). The company had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.14 billion. Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. Union Pacific’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.51 earnings per share. Equities research analysts forecast that Union Pacific Co. will post 10.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on UNP shares. Stifel Nicolaus decreased their price objective on Union Pacific from $265.00 to $262.00 and set a “buy” rating for the company in a report on Friday, October 25th. Daiwa America lowered shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Raymond James boosted their price objective on shares of Union Pacific from $265.00 to $275.00 and gave the stock a “strong-buy” rating in a research note on Monday, October 14th. Robert W. Baird decreased their target price on shares of Union Pacific from $270.00 to $260.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, Benchmark reissued a “buy” rating and issued a $266.00 price target on shares of Union Pacific in a research report on Friday, October 25th. Nine 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $259.80.

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.