Union Pacific Corporation $UNP Position Increased by iA Global Asset Management Inc.

iA Global Asset Management Inc. raised its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 54.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 240,432 shares of the railroad operator’s stock after purchasing an additional 85,031 shares during the period. Union Pacific comprises about 0.8% of iA Global Asset Management Inc.’s portfolio, making the stock its 29th largest holding. iA Global Asset Management Inc.’s holdings in Union Pacific were worth $55,319,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Castlekeep Investment Advisors LLC increased its stake in Union Pacific by 9.8% during the second quarter. Castlekeep Investment Advisors LLC now owns 5,426 shares of the railroad operator’s stock valued at $1,248,000 after purchasing an additional 486 shares during the last quarter. MUFG Securities EMEA plc bought a new stake in Union Pacific during the second quarter valued at $10,354,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its stake in Union Pacific by 116.5% during the second quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,325 shares of the railroad operator’s stock valued at $535,000 after purchasing an additional 1,251 shares during the last quarter. Cambiar Investors LLC increased its stake in Union Pacific by 22.4% during the second quarter. Cambiar Investors LLC now owns 244,023 shares of the railroad operator’s stock valued at $56,145,000 after purchasing an additional 44,692 shares during the last quarter. Finally, GHP Investment Advisors Inc. increased its stake in Union Pacific by 6.0% during the second quarter. GHP Investment Advisors Inc. now owns 1,245 shares of the railroad operator’s stock valued at $286,000 after purchasing an additional 70 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

UNP has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Union Pacific from $265.00 to $267.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Royal Bank Of Canada boosted their price target on shares of Union Pacific from $257.00 to $276.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Sanford C. Bernstein boosted their price target on shares of Union Pacific from $271.00 to $286.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Morgan Stanley reduced their price target on shares of Union Pacific from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Monday, July 7th. Finally, Susquehanna reissued a “positive” rating and set a $272.00 price target (up previously from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and an average price target of $261.63.

Union Pacific Stock Performance

UNP stock opened at $220.80 on Friday. The company has a market capitalization of $130.97 billion, a P/E ratio of 18.76, a PEG ratio of 2.27 and a beta of 1.07. The company has a 50-day simple moving average of $224.37 and a 200 day simple moving average of $224.32. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84. 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 (NYSE:UNP) last posted its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.09. The business had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6.24 billion. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.75 earnings per share. Sell-side analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal 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.