Connor Clark & Lunn Investment Management Ltd. Has $35.78 Million Stock Position in Union Pacific Corporation $UNP

Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Union Pacific Corporation (NYSE:UNP) by 163.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 151,358 shares of the railroad operator’s stock after purchasing an additional 93,860 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Union Pacific were worth $35,776,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Acadian Asset Management LLC grew its position in Union Pacific by 40.4% during the 1st quarter. Acadian Asset Management LLC now owns 2,312 shares of the railroad operator’s stock worth $546,000 after purchasing an additional 665 shares in the last quarter. Schnieders Capital Management LLC. lifted its holdings in shares of Union Pacific by 0.5% in the second quarter. Schnieders Capital Management LLC. now owns 20,606 shares of the railroad operator’s stock valued at $4,741,000 after purchasing an additional 102 shares in the last quarter. KBC Group NV boosted its position in shares of Union Pacific by 1.3% in the second quarter. KBC Group NV now owns 60,718 shares of the railroad operator’s stock worth $13,970,000 after buying an additional 805 shares during the period. Wealth Alliance LLC grew its holdings in shares of Union Pacific by 1.5% during the second quarter. Wealth Alliance LLC now owns 5,390 shares of the railroad operator’s stock valued at $1,240,000 after buying an additional 79 shares in the last quarter. Finally, Bailard Inc. grew its holdings in shares of Union Pacific by 31.9% during the second quarter. Bailard Inc. now owns 18,613 shares of the railroad operator’s stock valued at $4,283,000 after buying an additional 4,504 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Stock Performance

Shares of NYSE UNP opened at $243.96 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.91 and a quick ratio of 0.75. Union Pacific Corporation has a one year low of $204.66 and a one year high of $268.14. The business’s 50-day moving average price is $246.26 and its two-hundred day moving average price is $233.60. The company has a market capitalization of $144.77 billion, a P/E ratio of 20.38, a price-to-earnings-growth ratio of 2.74 and a beta of 0.95.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). The firm had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.15 billion. Union Pacific had a return on equity of 40.89% and a net margin of 29.12%.The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the business earned $2.91 earnings per share. Analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, February 27th. Union Pacific’s dividend payout ratio (DPR) is presently 46.12%.

Analyst Ratings Changes

Several brokerages recently issued reports on UNP. Robert W. Baird set a $311.00 price objective on Union Pacific and gave the stock an “outperform” rating in a research note on Friday, March 6th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $267.00 target price on shares of Union Pacific in a research note on Tuesday, January 27th. Royal Bank Of Canada set a $280.00 price target on shares of Union Pacific in a research report on Thursday, December 18th. Susquehanna restated a “buy” rating on shares of Union Pacific in a report on Monday, January 19th. Finally, Deutsche Bank Aktiengesellschaft set a $245.00 price objective on shares of Union Pacific in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $263.77.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.