NorthRock Partners LLC Decreases Stake in Union Pacific Co. (NYSE:UNP)

NorthRock Partners LLC trimmed its position in Union Pacific Co. (NYSE:UNP) by 21.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,611 shares of the railroad operator’s stock after selling 1,254 shares during the period. NorthRock Partners LLC’s holdings in Union Pacific were worth $1,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Cultivar Capital Inc. purchased a new position in shares of Union Pacific during the second quarter worth $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in Union Pacific during the second quarter worth $28,000. Financial Gravity Asset Management Inc. raised its stake in shares of Union Pacific by 3,250.0% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock worth $30,000 after buying an additional 130 shares during the period. Catalyst Capital Advisors LLC purchased a new position in shares of Union Pacific in the third quarter worth about $30,000. Finally, Fairscale Capital LLC acquired a new stake in shares of Union Pacific in the 2nd quarter worth $31,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Stock Performance

Shares of NYSE:UNP traded up $2.59 during trading on Tuesday, hitting $232.50. 144,097 shares of the company traded hands, compared to its average volume of 2,285,368. The business’s fifty day moving average is $244.29 and its 200-day moving average is $238.45. The stock has a market capitalization of $140.96 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 2.30 and a beta of 1.06. 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 Co. has a one year low of $208.14 and a one year high of $258.66.

Union Pacific (NYSE:UNP) last posted 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). The company had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.14 billion. Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the business earned $2.51 earnings per share. As a group, equities analysts predict that Union Pacific Co. will post 10.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

UNP has been the topic of several research analyst reports. Robert W. Baird cut their price objective on Union Pacific from $270.00 to $260.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Evercore ISI cut shares of Union Pacific from an “outperform” rating to an “inline” rating and decreased their price objective for the stock from $254.00 to $247.00 in a research report on Wednesday, September 25th. Stifel Nicolaus lowered their price target on Union Pacific from $265.00 to $262.00 and set a “buy” rating for the company in a report on Friday, October 25th. Raymond James raised their price objective on shares of Union Pacific from $265.00 to $275.00 and gave the stock a “strong-buy” rating in a report on Monday, October 14th. Finally, Daiwa America cut shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $259.15.

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.