Union Pacific Co. (NYSE:UNP) Shares Bought by Concentric Wealth Management LLC

Concentric Wealth Management LLC increased its stake in Union Pacific Co. (NYSE:UNP) by 0.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,330 shares of the railroad operator’s stock after acquiring an additional 148 shares during the quarter. Concentric Wealth Management LLC’s holdings in Union Pacific were worth $4,764,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UNP. Shellback Capital LP boosted its stake in Union Pacific by 28.2% during the 2nd quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock worth $4,525,000 after purchasing an additional 4,400 shares during the last quarter. Peoples Bank KS purchased a new stake in Union Pacific during the 3rd quarter valued at about $834,000. Maj Invest Holding A S boosted its holdings in shares of Union Pacific by 0.3% during the 3rd quarter. Maj Invest Holding A S now owns 676,098 shares of the railroad operator’s stock worth $166,645,000 after purchasing an additional 2,202 shares during the last quarter. Radnor Capital Management LLC purchased a new stake in shares of Union Pacific in the third quarter valued at approximately $2,923,000. Finally, Signature Estate & Investment Advisors LLC grew its holdings in shares of Union Pacific by 190.5% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 4,430 shares of the railroad operator’s stock worth $1,092,000 after purchasing an additional 2,905 shares during the period. 80.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on UNP. Bank of America lowered their target price on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Barclays lifted their target price on shares of Union Pacific from $275.00 to $285.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Sanford C. Bernstein lowered their price target on Union Pacific from $277.00 to $272.00 and set an “outperform” rating for the company in a research report on Wednesday, October 9th. TD Cowen lowered their price objective on shares of Union Pacific from $255.00 to $252.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Finally, Evercore ISI lowered Union Pacific from an “outperform” rating to an “inline” rating and decreased their target price for the company from $254.00 to $247.00 in a report on Wednesday, September 25th. Nine research 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $259.80.

Union Pacific Trading Up 1.4 %

NYSE UNP opened at $242.39 on Monday. The firm’s fifty day moving average is $240.53 and its two-hundred day moving average is $238.46. Union Pacific Co. has a one year low of $218.55 and a one year high of $258.66. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77. The firm has a market cap of $146.95 billion, a PE ratio of 22.26, a P/E/G ratio of 2.40 and a beta of 1.06.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data 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). Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The company had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.14 billion. During the same period in the previous year, the business posted $2.51 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. Analysts expect that Union Pacific Co. will post 10.94 earnings per share for the current 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.