New York State Common Retirement Fund Has $192.83 Million Position in Union Pacific Co. (NYSE:UNP)

New York State Common Retirement Fund cut its holdings in shares of Union Pacific Co. (NYSE:UNP) by 7.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 782,327 shares of the railroad operator’s stock after selling 59,055 shares during the period. New York State Common Retirement Fund owned about 0.13% of Union Pacific worth $192,828,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Principal Securities Inc. lifted its holdings in shares of Union Pacific by 2.4% during the third quarter. Principal Securities Inc. now owns 14,067 shares of the railroad operator’s stock worth $3,467,000 after purchasing an additional 328 shares during the period. Stephens Inc. AR raised its position in Union Pacific by 8.2% during the 3rd quarter. Stephens Inc. AR now owns 42,944 shares of the railroad operator’s stock worth $10,585,000 after purchasing an additional 3,256 shares during the last quarter. Norris Perne & French LLP MI lifted its holdings in Union Pacific by 0.7% during the 3rd quarter. Norris Perne & French LLP MI now owns 92,893 shares of the railroad operator’s stock worth $22,896,000 after buying an additional 629 shares during the period. Cordatus Wealth Management LLC grew its position in shares of Union Pacific by 1.3% in the 3rd quarter. Cordatus Wealth Management LLC now owns 6,557 shares of the railroad operator’s stock valued at $1,616,000 after buying an additional 85 shares during the last quarter. Finally, Catalyst Financial Partners LLC raised its position in shares of Union Pacific by 4.7% during the third quarter. Catalyst Financial Partners LLC now owns 3,629 shares of the railroad operator’s stock worth $894,000 after acquiring an additional 164 shares during the last quarter. 80.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on UNP shares. Raymond James upped their target price on Union Pacific from $265.00 to $275.00 and gave the company a “strong-buy” rating in a report on Monday, October 14th. Robert W. Baird decreased their price objective on shares of Union Pacific from $270.00 to $260.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Stifel Nicolaus lowered their target price on shares of Union Pacific from $265.00 to $262.00 and set a “buy” rating for the company in a research note on Friday, October 25th. BMO Capital Markets cut their price target on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, September 20th. Finally, Citigroup began coverage on Union Pacific in a research report on Wednesday, October 9th. They issued a “neutral” rating and a $264.00 price objective for the company. 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $259.15.

Union Pacific Stock Up 0.7 %

Shares of Union Pacific stock traded up $1.53 during trading hours on Friday, reaching $233.60. The company’s stock had a trading volume of 73,870 shares, compared to its average volume of 2,283,724. The company has a market capitalization of $141.62 billion, a P/E ratio of 21.31, a P/E/G ratio of 2.29 and a beta of 1.05. The stock’s fifty day simple moving average is $244.94 and its two-hundred day simple moving average is $238.34. Union Pacific Co. has a one year low of $207.74 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.

Union Pacific (NYSE:UNP) last announced its quarterly 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). The business had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.14 billion. Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. Union Pacific’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.51 EPS. On average, research analysts forecast that Union Pacific Co. will post 10.97 earnings per share for the current year.

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.