Garner Asset Management Corp Has $597,000 Stock Position in Union Pacific Co. (NYSE:UNP)

Garner Asset Management Corp lifted its stake in shares of Union Pacific Co. (NYSE:UNP) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,421 shares of the railroad operator’s stock after buying an additional 85 shares during the period. Garner Asset Management Corp’s holdings in Union Pacific were worth $597,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL bought a new position in Union Pacific in the second quarter valued at about $28,000. Cultivar Capital Inc. acquired a new position in shares of Union Pacific in the second quarter valued at approximately $27,000. Catalyst Capital Advisors LLC bought a new position in Union Pacific in the 3rd quarter valued at approximately $30,000. Jamison Private Wealth Management Inc. boosted its position in Union Pacific by 265.7% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock worth $32,000 after buying an additional 93 shares during the period. Finally, Fairscale Capital LLC acquired a new position in Union Pacific in the 2nd quarter valued at approximately $31,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

UNP has been the topic of a number of recent research reports. Susquehanna cut their price target on shares of Union Pacific from $260.00 to $255.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Royal Bank of Canada reduced their price target on Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Sanford C. Bernstein lowered their price objective on Union Pacific from $277.00 to $272.00 and set an “outperform” rating for the company in a research report on Wednesday, October 9th. Evercore ISI cut Union Pacific from an “outperform” rating to an “inline” rating and reduced their target price for the company from $254.00 to $247.00 in a report on Wednesday, September 25th. Finally, StockNews.com downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Nine equities research 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $259.80.

Union Pacific Trading Up 1.4 %

NYSE:UNP opened at $242.39 on Friday. Union Pacific Co. has a 12 month low of $218.55 and a 12 month 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. The stock has a market capitalization of $146.95 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 2.37 and a beta of 1.06. The firm has a fifty day simple moving average of $240.53 and a two-hundred day simple moving average of $238.51.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS 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 firm had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.14 billion. During the same quarter in the prior year, the business earned $2.51 earnings per share. The business’s quarterly revenue was up 2.5% on a year-over-year basis. Analysts expect that Union Pacific Co. will post 10.94 EPS for the current fiscal year.

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.