Bright Rock Capital Management LLC Has $12.31 Million Stock Position in Union Pacific Corporation $UNP

Bright Rock Capital Management LLC grew its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 28.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,500 shares of the railroad operator’s stock after acquiring an additional 12,000 shares during the period. Union Pacific comprises approximately 2.5% of Bright Rock Capital Management LLC’s holdings, making the stock its 7th largest position. Bright Rock Capital Management LLC’s holdings in Union Pacific were worth $12,309,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Highline Wealth Partners LLC lifted its stake in shares of Union Pacific by 103.5% during the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock valued at $27,000 after buying an additional 59 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its position in shares of Union Pacific by 1,400.0% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after buying an additional 112 shares in the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in shares of Union Pacific during the 1st quarter valued at about $32,000. WPG Advisers LLC bought a new position in Union Pacific during the 1st quarter valued at about $33,000. Finally, Cornerstone Planning Group LLC grew its holdings in Union Pacific by 50.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock valued at $37,000 after purchasing an additional 56 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Performance

NYSE:UNP opened at $217.19 on Thursday. The firm has a 50-day moving average price of $223.27 and a two-hundred day moving average price of $225.45. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. The company has a market capitalization of $128.80 billion, a P/E ratio of 18.87, a price-to-earnings-growth ratio of 2.10 and a beta of 1.03.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.19. The business had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the company earned $2.74 earnings per share. As a group, research analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be paid a dividend of $1.38 per share. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, August 29th. Union Pacific’s payout ratio is 47.96%.

Analysts Set New Price Targets

A number of equities analysts have commented on UNP shares. Jefferies Financial Group upgraded shares of Union Pacific from a “hold” rating to a “buy” rating and upped their target price for the stock from $250.00 to $285.00 in a research note on Friday, July 25th. Susquehanna lowered their target price on shares of Union Pacific from $260.00 to $257.00 and set a “positive” rating for the company in a research note on Wednesday, July 30th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $263.00 price target on shares of Union Pacific in a report on Monday, June 2nd. BMO Capital Markets raised their price target on shares of Union Pacific from $270.00 to $277.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Finally, Sanford C. Bernstein raised their target price on shares of Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $259.38.

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.