AlphaQuest LLC Buys 8,682 Shares of Union Pacific Corporation $UNP

Key Points

• AlphaQuest LLC significantly increased its stake in Union Pacific Corporation by 1,344.0% during Q2, acquiring an additional 8,682 shares, bringing its total to 9,328 shares valued at $2.146 million.
• Union Pacific's quarterly earnings surpassed expectations, reporting an EPS of $3.08 against a consensus of $2.99 and a year-over-year revenue increase of 2.5%.
• Analysts have a generally positive outlook for Union Pacific, with one "Strong Buy," fifteen "Buy," and eleven "Hold" ratings, leading to a consensus price target of $261.67.

AlphaQuest LLC increased its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 1,344.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,328 shares of the railroad operator's stock after acquiring an additional 8,682 shares during the quarter. AlphaQuest LLC's holdings in Union Pacific were worth $2,146,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. CBIZ Investment Advisory Services LLC boosted its holdings 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 valued at $28,000 after purchasing an additional 112 shares in the last quarter. Financial Gravity Asset Management Inc. bought a new stake in shares of Union Pacific in the 1st quarter worth about $32,000. WPG Advisers LLC bought a new stake in shares of Union Pacific in the 1st quarter worth about $33,000. Cornerstone Planning Group LLC grew its holdings in shares of Union Pacific by 50.5% in the 1st 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. Finally, GFG Capital LLC bought a new stake in shares of Union Pacific in the 2nd quarter worth about $38,000. Institutional investors and hedge funds own 80.38% of the company's stock.

Union Pacific Stock Performance

Union Pacific stock opened at $218.74 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. The company has a market cap of $129.74 billion, a PE ratio of 19.00, a PEG ratio of 2.34 and a beta of 1.07. The company's 50-day moving average is $225.03 and its two-hundred day moving average is $224.22. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, beating analysts' consensus estimates of $2.99 by $0.09. The company had revenue of $6.24 billion during the quarter, compared to analysts' expectations of $6.24 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.Union Pacific's revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.75 EPS. Equities analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on UNP. Barclays lowered shares of Union Pacific from an "overweight" rating to an "equal weight" rating in a report on Wednesday, July 30th. Jefferies Financial Group raised shares of Union Pacific from a "hold" rating to a "buy" rating and upped their target price for the stock from $250.00 to $285.00 in a report on Friday, July 25th. Susquehanna reiterated a "positive" rating and set a $272.00 price target (up previously from $257.00) on shares of Union Pacific in a research report on Thursday, September 25th. JPMorgan Chase & Co. upped their price target on shares of Union Pacific from $265.00 to $267.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, Royal Bank Of Canada upped their price target on shares of Union Pacific from $257.00 to $276.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $261.67.

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.

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