Garner Asset Management Corp Purchases 85 Shares of Union Pacific Co. (NYSE:UNP)

Garner Asset Management Corp increased its holdings in shares of Union Pacific Co. (NYSE:UNP) by 3.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 2,421 shares of the railroad operator’s stock after purchasing an additional 85 shares during the period. Garner Asset Management Corp’s holdings in Union Pacific were worth $597,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL acquired a new position in shares of Union Pacific during the 2nd quarter worth approximately $28,000. Cultivar Capital Inc. bought a new position in Union Pacific during the second quarter worth $27,000. Catalyst Capital Advisors LLC acquired a new position in shares of Union Pacific in the third quarter valued at $30,000. Jamison Private Wealth Management Inc. raised its position in shares of Union Pacific by 265.7% in the third quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock valued at $32,000 after purchasing an additional 93 shares during the period. Finally, Fairscale Capital LLC acquired a new stake in shares of Union Pacific during the 2nd quarter worth about $31,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Performance

NYSE UNP opened at $242.39 on Friday. Union Pacific Co. has a 1 year low of $218.55 and a 1 year high of $258.66. The firm has a market capitalization of $146.95 billion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 2.37 and a beta of 1.06. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. The firm’s 50 day simple moving average is $240.53 and its 200 day simple moving average is $238.51.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results 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 business had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.14 billion. During the same quarter in the previous year, the business posted $2.51 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, research analysts expect that Union Pacific Co. will post 10.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Royal Bank of Canada lowered their price target 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. Wells Fargo & Company lowered their target price on Union Pacific from $270.00 to $255.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Daiwa America downgraded Union Pacific from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Citigroup increased their price objective on Union Pacific from $255.00 to $267.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. Finally, Evercore ISI downgraded Union Pacific from an “outperform” rating to an “inline” rating and dropped their target price for the stock from $254.00 to $247.00 in a report on Wednesday, September 25th. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $259.80.

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.