Portfolio Design Labs LLC Decreases Stake in Union Pacific Co. (NYSE:UNP)

Portfolio Design Labs LLC reduced its position in Union Pacific Co. (NYSE:UNP) by 24.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,430 shares of the railroad operator’s stock after selling 2,097 shares during the period. Portfolio Design Labs LLC’s holdings in Union Pacific were worth $1,585,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in UNP. Cultivar Capital Inc. bought a new stake in Union Pacific during the second quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL bought a new position in Union Pacific in the second quarter worth approximately $28,000. Financial Gravity Asset Management Inc. grew its stake in Union Pacific by 3,250.0% in the second 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 purchased a new stake in Union Pacific during the third quarter worth $30,000. Finally, Fairscale Capital LLC purchased a new stake in Union Pacific during the second quarter worth $31,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $233.29 on Wednesday. Union Pacific Co. has a one year low of $216.92 and a one year high of $258.66. 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 company has a market cap of $141.43 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 2.33 and a beta of 1.06. The business’s 50 day moving average price is $241.14 and its 200 day moving average price is $238.55.

Union Pacific (NYSE:UNP) last posted its 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 net margin of 27.33% and a return on equity of 41.79%. The business had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.14 billion. During the same quarter in the prior year, the firm earned $2.51 EPS. Union Pacific’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, research analysts predict that Union Pacific Co. will post 10.94 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on UNP shares. Bank of America reduced their target price on Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Royal Bank of Canada reduced their price objective on Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. dropped their target price on Union Pacific from $263.00 to $252.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Wells Fargo & Company dropped their target price on Union Pacific from $270.00 to $255.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, 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. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $259.80.

About Union Pacific

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.