Resonant Capital Advisors LLC Increases Stock Position in Union Pacific Corporation $UNP

Resonant Capital Advisors LLC lifted its position in shares of Union Pacific Corporation (NYSE:UNP) by 22.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,491 shares of the railroad operator’s stock after buying an additional 450 shares during the period. Resonant Capital Advisors LLC’s holdings in Union Pacific were worth $573,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UNP. Nuveen LLC purchased a new stake in shares of Union Pacific during the 1st quarter worth about $988,822,000. Goldman Sachs Group Inc. grew its stake in Union Pacific by 29.8% during the first quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator’s stock worth $873,878,000 after buying an additional 850,025 shares during the period. Auto Owners Insurance Co increased its position in shares of Union Pacific by 61,054.6% in the first quarter. Auto Owners Insurance Co now owns 625,000 shares of the railroad operator’s stock worth $147,650,000 after acquiring an additional 623,978 shares in the last quarter. Menora Mivtachim Holdings LTD. purchased a new position in shares of Union Pacific in the 1st quarter valued at $115,096,000. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Union Pacific by 10.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock valued at $1,092,893,000 after acquiring an additional 452,788 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. BMO Capital Markets lowered their price target on Union Pacific from $277.00 to $275.00 and set an “outperform” rating for the company in a report on Friday. UBS Group set a $253.00 target price on Union Pacific and gave the company a “neutral” rating in a research note on Friday, October 3rd. TD Cowen reduced their price target on Union Pacific from $258.00 to $257.00 and set a “buy” rating on the stock in a research report on Friday. Robert W. Baird initiated coverage on Union Pacific in a report on Tuesday, July 1st. They issued a “neutral” rating and a $231.00 price target for the company. Finally, Morgan Stanley dropped their price objective on shares of Union Pacific from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $261.63.

Union Pacific Price Performance

Shares of NYSE UNP opened at $216.56 on Monday. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.75. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84. The business has a 50 day moving average price of $224.95 and a two-hundred day moving average price of $224.40. The firm has a market cap of $128.44 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 2.27 and a beta of 1.07.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, beating the consensus estimate of $2.99 by $0.09. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The company had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6.24 billion. During the same period in the prior year, the business posted $2.75 EPS. The business’s revenue was up 2.5% on a year-over-year basis. Sell-side analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Company 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.