Quantbot Technologies LP Decreases Stock Position in Union Pacific Co. (NYSE:UNP)

Quantbot Technologies LP lessened its stake in Union Pacific Co. (NYSE:UNP) by 64.0% in the third quarter, Holdings Channel reports. The fund owned 5,893 shares of the railroad operator’s stock after selling 10,469 shares during the quarter. Quantbot Technologies LP’s holdings in Union Pacific were worth $1,453,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. PGGM Investments acquired a new position in shares of Union Pacific in the 1st quarter valued at approximately $164,000. EverSource Wealth Advisors LLC raised its position in shares of Union Pacific by 73.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,064 shares of the railroad operator’s stock valued at $964,000 after purchasing an additional 1,718 shares in the last quarter. Armstrong Henry H Associates Inc. raised its position in shares of Union Pacific by 0.6% during the 2nd quarter. Armstrong Henry H Associates Inc. now owns 64,602 shares of the railroad operator’s stock valued at $14,617,000 after acquiring an additional 398 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Union Pacific by 53.7% during the 2nd quarter. GAMMA Investing LLC now owns 7,222 shares of the railroad operator’s stock valued at $1,634,000 after acquiring an additional 2,524 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its stake in Union Pacific by 1.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 43,494 shares of the railroad operator’s stock worth $9,841,000 after purchasing an additional 760 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on UNP shares. Evercore ISI cut Union Pacific from an “outperform” rating to an “inline” rating and reduced their price objective for the stock from $254.00 to $247.00 in a research note on Wednesday, September 25th. Royal Bank of Canada reduced their price objective on Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Barclays raised their price objective on Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. BMO Capital Markets reduced their price objective on Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, September 20th. Finally, Susquehanna reduced their price objective on Union Pacific from $260.00 to $255.00 and set a “neutral” rating on the stock 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $259.80.

Union Pacific Trading Down 0.1 %

Shares of UNP opened at $244.87 on Friday. The business’s 50-day moving average price is $240.12 and its 200 day moving average price is $238.55. The stock has a market capitalization of $148.45 billion, a P/E ratio of 22.49, a P/E/G ratio of 2.43 and a beta of 1.06. Union Pacific Co. has a 1-year low of $218.55 and a 1-year high of $258.66. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). The company had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.51 EPS. Analysts expect that Union Pacific Co. will post 10.94 earnings per share for the current year.

Union Pacific Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be paid a $1.34 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $5.36 dividend on an annualized basis and a yield of 2.19%. Union Pacific’s dividend payout ratio is currently 49.22%.

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.