First Nebraska Trust Co Makes New $16.05 Million Investment in Union Pacific Corporation $UNP

First Nebraska Trust Co acquired a new position in shares of Union Pacific Corporation (NYSE:UNP) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 58,978 shares of the railroad operator’s stock, valued at approximately $16,050,000. Union Pacific accounts for approximately 1.3% of First Nebraska Trust Co’s holdings, making the stock its 19th biggest holding.

Other large investors also recently modified their holdings of the company. CrossGen Wealth LLC grew its holdings in Union Pacific by 2.1% during the 3rd quarter. CrossGen Wealth LLC now owns 9,014 shares of the railroad operator’s stock worth $2,453,000 after acquiring an additional 182 shares during the period. Aware Super Pty Ltd as trustee of Aware Super raised its position in shares of Union Pacific by 1,063.7% in the 3rd quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 72,346 shares of the railroad operator’s stock worth $19,688,000 after acquiring an additional 66,129 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management bought a new position in shares of Union Pacific in the 3rd quarter worth about $214,000. GRIMES & Co WEALTH MANAGEMENT LLC lifted its stake in shares of Union Pacific by 32.6% in the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 14,080 shares of the railroad operator’s stock valued at $3,831,000 after purchasing an additional 3,459 shares during the period. Finally, Next Level Wealth Planning LLC acquired a new position in shares of Union Pacific in the 3rd quarter valued at about $54,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on UNP. UBS Group reaffirmed a “buy” rating on shares of Union Pacific in a research note on Friday, October 23rd. TD Cowen reiterated a “buy” rating and issued a $328.00 target price (up from $325.00) on shares of Union Pacific in a report on Friday, October 23rd. Susquehanna boosted their price target on Union Pacific from $333.00 to $345.00 and gave the company a “positive” rating in a research note on Tuesday, October 27th. BMO Capital Markets restated a “market perform” rating and set a $320.00 price target (up from $285.00) on shares of Union Pacific in a report on Friday, July 24th. Finally, The Goldman Sachs Group set a $317.00 price target on Union Pacific and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Union Pacific presently has an average rating of “Moderate Buy” and an average price target of $326.44.

Union Pacific Stock Performance

Shares of UNP opened at $303.62 on Wednesday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.99 and a current ratio of 1.16. The stock has a 50 day moving average price of $287.36 and a two-hundred day moving average price of $270.83. The firm has a market capitalization of $180.43 billion, a P/E ratio of 23.66, a P/E/G ratio of 3.03 and a beta of 0.84. Union Pacific Corporation has a 52 week low of $216.32 and a 52 week high of $315.99.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, October 22nd. The railroad operator reported $3.53 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $0.06. Union Pacific had a return on equity of 37.54% and a net margin of 28.90%. The company had revenue of $7.20 billion for the quarter, compared to analyst estimates of $7.16 billion. During the same quarter last year, the company earned $3.08 earnings per share. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. Equities analysts forecast that Union Pacific Corporation will post 13.13 earnings per share for the current fiscal year.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is a transportation company that operates one of the largest freight railroad networks in the United States. Through its Union Pacific Railroad subsidiary, the company moves goods across the western two-thirds of the country, connecting major agricultural, industrial, energy, population and port markets.

Union Pacific transports a broad range of commodities and products, including agricultural goods, automotive shipments, chemicals, coal, industrial products, forest products and intermodal containers.