Public Sector Pension Investment Board Acquires 5,506 Shares of Union Pacific Corporation $UNP

Public Sector Pension Investment Board increased its holdings in Union Pacific Corporation (NYSE:UNP) by 0.7% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 778,683 shares of the railroad operator’s stock after purchasing an additional 5,506 shares during the period. Union Pacific makes up about 0.8% of Public Sector Pension Investment Board’s holdings, making the stock its 21st biggest holding. Public Sector Pension Investment Board owned approximately 0.13% of Union Pacific worth $179,159,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. FORA Capital LLC purchased a new position in shares of Union Pacific in the second quarter worth about $3,166,000. Evergreen Capital Management LLC boosted its holdings in Union Pacific by 3.1% during the 2nd quarter. Evergreen Capital Management LLC now owns 8,995 shares of the railroad operator’s stock valued at $2,069,000 after acquiring an additional 268 shares during the period. Headlands Technologies LLC grew its position in Union Pacific by 353.2% during the 2nd quarter. Headlands Technologies LLC now owns 3,956 shares of the railroad operator’s stock worth $910,000 after acquiring an additional 3,083 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Union Pacific by 58.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 29,108 shares of the railroad operator’s stock worth $6,697,000 after purchasing an additional 10,722 shares during the period. Finally, MUFG Securities EMEA plc bought a new stake in Union Pacific in the second quarter valued at approximately $10,760,000. Institutional investors own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on UNP shares. UBS Group set a $253.00 target price on shares of Union Pacific and gave the stock a “neutral” rating in a report on Friday, October 3rd. TD Cowen dropped their price target on shares of Union Pacific from $258.00 to $257.00 and set a “buy” rating for the company in a research report on Friday, October 24th. Deutsche Bank Aktiengesellschaft set a $245.00 price objective on shares of Union Pacific in a research report on Thursday. Cowen reaffirmed a “buy” rating on shares of Union Pacific in a research note on Friday, October 24th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Union Pacific in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Union Pacific has a consensus rating of “Moderate Buy” and a consensus target price of $259.54.

Union Pacific Trading Up 1.6%

NYSE:UNP opened at $239.90 on Friday. The company has a 50-day moving average price of $226.39 and a 200-day moving average price of $225.79. The stock has a market cap of $142.30 billion, a price-to-earnings ratio of 20.38, a P/E/G ratio of 2.66 and a beta of 0.99. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84.

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

Union Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Friday, December 5th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.52 annualized dividend and a yield of 2.3%. Union Pacific’s dividend payout ratio (DPR) is currently 46.90%.

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.