Union Pacific Co. (NYSE:UNP) Shares Sold by ING Groep NV

ING Groep NV lessened its holdings in shares of Union Pacific Co. (NYSE:UNP) by 20.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,632 shares of the railroad operator’s stock after selling 26,425 shares during the quarter. ING Groep NV’s holdings in Union Pacific were worth $25,297,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of UNP. Shellback Capital LP lifted its stake in Union Pacific by 28.2% in the 2nd quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock worth $4,525,000 after acquiring an additional 4,400 shares in the last quarter. Peoples Bank KS bought a new stake in shares of Union Pacific in the 3rd quarter worth approximately $834,000. Maj Invest Holding A S boosted its stake in Union Pacific by 0.3% during the third quarter. Maj Invest Holding A S now owns 676,098 shares of the railroad operator’s stock worth $166,645,000 after buying an additional 2,202 shares in the last quarter. M&G Plc bought a new stake in Union Pacific in the first quarter valued at about $10,378,000. Finally, Radnor Capital Management LLC acquired a new position in Union Pacific during the third quarter worth $2,923,000. 80.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Barclays lifted their price objective on shares of Union Pacific from $275.00 to $285.00 and gave the company an “overweight” rating in a report on Wednesday. Raymond James raised their price objective on Union Pacific from $265.00 to $275.00 and gave the company a “strong-buy” rating in a report on Monday, October 14th. Daiwa America downgraded Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Benchmark restated a “buy” rating and issued a $266.00 price target on shares of Union Pacific in a report on Friday, October 25th. Finally, TD Cowen cut their price target on Union Pacific from $255.00 to $252.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $259.80.

Union Pacific Stock Performance

Shares of NYSE UNP traded down $4.20 during mid-day trading on Thursday, hitting $236.21. 712,665 shares of the company were exchanged, compared to its average volume of 2,306,769. The stock has a 50 day simple moving average of $242.46 and a 200-day simple moving average of $238.64. Union Pacific Co. has a 1-year low of $215.81 and a 1-year high of $258.66. The firm has a market cap of $143.20 billion, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 2.36 and a beta of 1.06. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The firm had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.14 billion. During the same quarter in the previous year, the company earned $2.51 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. On average, sell-side analysts forecast that Union Pacific Co. will post 10.94 EPS for the current fiscal year.

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.