Caxton Associates LLP Makes New Investment in Union Pacific Corporation $UNP

Key Points

• Caxton Associates LLP purchased 2,331 shares of Union Pacific Corporation stock, valued at approximately $551,000, marking a significant investment in the railroad operator.
• Union Pacific recently declared a quarterly dividend of $1.38, up from the previous $1.34, reflecting the company's strong financial performance and a dividend yield of 2.6%.
• Union Pacific reported a 2.4% increase in quarterly revenue year-over-year, posting earnings of $3.03 per share, exceeding analysts' expectations of $2.84.

Caxton Associates LLP purchased a new position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,331 shares of the railroad operator's stock, valued at approximately $551,000.

Several other large investors have also recently bought and sold shares of UNP. Janus Henderson Group PLC raised its position in Union Pacific by 40.7% in the fourth quarter. Janus Henderson Group PLC now owns 141,398 shares of the railroad operator's stock worth $32,253,000 after acquiring an additional 40,915 shares in the last quarter. NorthRock Partners LLC raised its position in Union Pacific by 67.7% in the fourth quarter. NorthRock Partners LLC now owns 7,733 shares of the railroad operator's stock worth $1,763,000 after acquiring an additional 3,122 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of Union Pacific by 51.3% in the fourth quarter. Quantinno Capital Management LP now owns 63,119 shares of the railroad operator's stock valued at $14,394,000 after buying an additional 21,403 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Union Pacific by 13.4% in the fourth quarter. ProShare Advisors LLC now owns 87,953 shares of the railroad operator's stock valued at $20,057,000 after buying an additional 10,394 shares in the last quarter. Finally, Prana Capital Management LP increased its position in shares of Union Pacific by 70.1% in the fourth quarter. Prana Capital Management LP now owns 9,416 shares of the railroad operator's stock valued at $2,147,000 after buying an additional 3,881 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on UNP. UBS Group raised their price target on Union Pacific from $238.00 to $240.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Royal Bank Of Canada raised their price target on Union Pacific from $257.00 to $276.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. The Goldman Sachs Group restated a "neutral" rating and issued a $263.00 price target on shares of Union Pacific in a research report on Monday, June 2nd. Loop Capital upgraded Union Pacific from a "sell" rating to a "hold" rating and raised their price target for the company from $214.00 to $227.00 in a research report on Tuesday. Finally, Evercore ISI dropped their price target on Union Pacific from $244.00 to $238.00 and set an "in-line" rating for the company in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $259.38.

Union Pacific Trading Down 0.2%

Shares of NYSE UNP traded down $0.37 during midday trading on Tuesday, hitting $215.88. The stock had a trading volume of 1,931,672 shares, compared to its average volume of 3,475,521. The company has a market capitalization of $128.02 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 2.09 and a beta of 1.03. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. The company has a fifty day moving average price of $224.08 and a 200 day moving average price of $225.57.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.19. The business had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The company's revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.74 EPS. On average, analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be given a dividend of $1.38 per share. This is a boost from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.52 annualized dividend and a yield of 2.6%. Union Pacific's dividend payout ratio is presently 47.96%.

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.