Union Pacific Co. (NYSE:UNP) Shares Acquired by Hardy Reed LLC

Hardy Reed LLC lifted its position in Union Pacific Co. (NYSE:UNP) by 1.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,334 shares of the railroad operator’s stock after buying an additional 117 shares during the quarter. Hardy Reed LLC’s holdings in Union Pacific were worth $1,561,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of UNP. Continuum Wealth Advisors LLC purchased a new stake in shares of Union Pacific during the first quarter worth $399,000. LRI Investments LLC purchased a new stake in Union Pacific during the 1st quarter worth about $190,000. Swedbank AB acquired a new stake in Union Pacific in the 1st quarter valued at about $36,938,000. Atria Investments Inc boosted its stake in shares of Union Pacific by 5.7% in the 1st quarter. Atria Investments Inc now owns 59,892 shares of the railroad operator’s stock valued at $14,728,000 after buying an additional 3,255 shares during the period. Finally, BigSur Wealth Management LLC boosted its stake in shares of Union Pacific by 1.7% in the 1st quarter. BigSur Wealth Management LLC now owns 2,805 shares of the railroad operator’s stock valued at $690,000 after buying an additional 48 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

UNP has been the topic of several analyst reports. Daiwa America cut shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Bank of America dropped their price objective on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Raymond James lifted their price objective on shares of Union Pacific from $265.00 to $275.00 and gave the stock a “strong-buy” rating in a research report on Monday, October 14th. Barclays increased their target price on Union Pacific from $275.00 to $285.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Finally, BMO Capital Markets cut their price target 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. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Union Pacific has a consensus rating of “Moderate Buy” and a consensus target price of $259.80.

Union Pacific Price Performance

Shares of UNP opened at $245.63 on Wednesday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77. Union Pacific Co. has a fifty-two week low of $218.55 and a fifty-two week high of $258.66. The firm has a 50-day simple moving average of $240.31 and a 200-day simple moving average of $238.46. The company has a market capitalization of $148.92 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06.

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