Engineers Gate Manager LP Takes Position in Union Pacific Corporation $UNP

Engineers Gate Manager LP purchased a new position in Union Pacific Corporation (NYSE:UNP) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 115,426 shares of the railroad operator’s stock, valued at approximately $26,557,000.

Other hedge funds also recently bought and sold shares of the company. Pines Wealth Management LLC raised its position in shares of Union Pacific by 1.7% in the 2nd quarter. Pines Wealth Management LLC now owns 2,520 shares of the railroad operator’s stock valued at $595,000 after acquiring an additional 43 shares during the period. Titleist Asset Management LLC increased its stake in Union Pacific by 1.1% in the first quarter. Titleist Asset Management LLC now owns 4,004 shares of the railroad operator’s stock valued at $946,000 after purchasing an additional 44 shares in the last quarter. Five Oceans Advisors raised its holdings in Union Pacific by 3.9% in the second quarter. Five Oceans Advisors now owns 1,183 shares of the railroad operator’s stock worth $272,000 after purchasing an additional 44 shares during the period. St. Johns Investment Management Company LLC boosted its position in shares of Union Pacific by 1.6% during the second quarter. St. Johns Investment Management Company LLC now owns 3,012 shares of the railroad operator’s stock worth $693,000 after purchasing an additional 46 shares in the last quarter. Finally, Schubert & Co boosted its position in shares of Union Pacific by 1.9% during the second quarter. Schubert & Co now owns 2,511 shares of the railroad operator’s stock worth $578,000 after purchasing an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Up 1.6%

NYSE:UNP opened at $239.90 on Friday. The stock has a 50-day simple moving average of $226.39 and a 200 day simple moving average of $225.78. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $256.84. The company has a market cap of $142.30 billion, a PE ratio of 20.38, a PEG ratio of 2.62 and a beta of 0.99. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.60 and a current ratio of 0.75.

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

Union Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 5th will be issued a dividend of $1.38 per share. The ex-dividend date is Friday, December 5th. This represents a $5.52 annualized dividend and a yield of 2.3%. Union Pacific’s dividend payout ratio is presently 46.90%.

Analyst Ratings Changes

Several analysts recently commented on UNP shares. BMO Capital Markets dropped their price objective on Union Pacific from $277.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, October 24th. Susquehanna reaffirmed a “positive” rating and set a $272.00 price target (up previously from $257.00) on shares of Union Pacific in a research report on Thursday, September 25th. Cowen reiterated a “buy” rating on shares of Union Pacific in a report on Friday, October 24th. Loop Capital raised Union Pacific from a “sell” rating to a “hold” rating and increased their target price for the stock from $214.00 to $227.00 in a research note on Tuesday, September 16th. Finally, TD Cowen cut their price target on shares of Union Pacific from $258.00 to $257.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $259.54.

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.