Stevens Capital Management LP Sells 580 Shares of Union Pacific Co. (NYSE:UNP)

Stevens Capital Management LP decreased its holdings in Union Pacific Co. (NYSE:UNP) by 11.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,349 shares of the railroad operator’s stock after selling 580 shares during the quarter. Stevens Capital Management LP’s holdings in Union Pacific were worth $1,072,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Cultivar Capital Inc. acquired a new position in Union Pacific in the second quarter valued at $27,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Union Pacific during the second quarter worth about $28,000. Financial Gravity Asset Management Inc. grew its position in Union Pacific by 3,250.0% in the 2nd quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock worth $30,000 after purchasing an additional 130 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in Union Pacific in the 3rd quarter worth about $30,000. Finally, Fairscale Capital LLC bought a new position in shares of Union Pacific during the 2nd quarter valued at approximately $31,000. Institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Down 0.8 %

Shares of Union Pacific stock opened at $235.00 on Thursday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77. The stock has a market capitalization of $142.47 billion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 2.35 and a beta of 1.05. Union Pacific Co. has a 52-week low of $218.55 and a 52-week high of $258.66. The company has a 50-day simple moving average of $239.60 and a two-hundred day simple moving average of $238.34.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results 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 company had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.14 billion. During the same quarter in the prior year, the firm earned $2.51 earnings per share. The business’s revenue was up 2.5% compared to the same quarter last year. On average, analysts anticipate that Union Pacific Co. will post 10.94 EPS for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be given a dividend of $1.34 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $5.36 annualized dividend and a yield of 2.28%. Union Pacific’s dividend payout ratio (DPR) is 49.22%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Evercore ISI cut shares of Union Pacific from an “outperform” rating to an “inline” rating and lowered their target price for the stock from $254.00 to $247.00 in a research note on Wednesday, September 25th. StockNews.com cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Citigroup increased their target price on shares of Union Pacific from $255.00 to $267.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th. Robert W. Baird cut their price target on shares of Union Pacific from $270.00 to $260.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Barclays raised their price target on shares of Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $259.80.

Union Pacific Company 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.