Allspring Global Investments Holdings LLC Has $19.79 Million Position in Union Pacific Corporation $UNP

Key Points

• Allspring Global Investments Holdings LLC increased its position in Union Pacific Corporation to 84,008 shares, valued at $19.79 million, after purchasing an additional 4,256 shares in the second quarter.
• Union Pacific's stock has reported a 0.8% decline, with shares trading around $224.02, well within its 52-week range of $204.66 to $256.84.
• Analysts have mixed views on Union Pacific, with ratings including one Strong Buy, fifteen Buys, and eleven Holds, resulting in an average target price of $261.58.

Allspring Global Investments Holdings LLC increased its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 5.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,008 shares of the railroad operator's stock after buying an additional 4,256 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Union Pacific were worth $19,790,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC grew its position in Union Pacific by 1,400.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator's stock worth $28,000 after buying an additional 112 shares in the last quarter. Financial Gravity Asset Management Inc. bought a new stake in Union Pacific during the first quarter worth $32,000. WPG Advisers LLC bought a new stake in Union Pacific during the first quarter worth $33,000. GFG Capital LLC bought a new stake in Union Pacific during the second quarter worth $38,000. Finally, Cornerstone Planning Group LLC lifted its stake in Union Pacific by 50.5% during the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock worth $37,000 after purchasing an additional 56 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on UNP. Evercore ISI cut their target price on Union Pacific from $244.00 to $238.00 and set an "in-line" rating for the company in a research note on Friday, July 25th. Baird R W upgraded Union Pacific to a "hold" rating in a research note on Tuesday, July 1st. Sanford C. Bernstein upped their target price on Union Pacific from $271.00 to $286.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Susquehanna restated a "positive" rating and set a $272.00 target price (up from $257.00) on shares of Union Pacific in a research note on Thursday, September 25th. Finally, Loop Capital upgraded Union Pacific from a "sell" rating to a "hold" rating and upped their target price for the stock from $214.00 to $227.00 in a research note on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, Union Pacific has an average rating of "Moderate Buy" and an average price target of $261.58.

Union Pacific Stock Down 0.8%

Shares of UNP opened at $224.02 on Friday. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $256.84. The stock has a market capitalization of $132.87 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 2.35 and a beta of 1.07. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. The stock has a fifty day moving average of $224.64 and a 200-day moving average of $224.20.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating analysts' consensus estimates of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The company had revenue of $6.15 billion during the quarter, compared to analysts' expectations of $6.09 billion. During the same period in the prior year, the company earned $2.74 EPS. Union Pacific's revenue was up 2.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal 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.

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