Dynamic Technology Lab Private Ltd Acquires New Shares in Union Pacific Corporation $UNP

Key Points

• Dynamic Technology Lab Private Ltd has acquired 3,895 shares of Union Pacific Corporation, valued at approximately $920,000, in the first quarter.
• Union Pacific reported a quarterly EPS of $3.03, exceeding forecasts and demonstrating an increase in revenue year-over-year.
• The company declared an increased quarterly dividend of $1.38 per share, representing an annual yield of 2.5%, which will be paid on September 30th.

Dynamic Technology Lab Private Ltd bought a new position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,895 shares of the railroad operator's stock, valued at approximately $920,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Highline Wealth Partners LLC grew its holdings in shares of Union Pacific by 103.5% during the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock valued at $27,000 after purchasing an additional 59 shares during the last quarter. Financial Gravity Asset Management Inc. bought a new position in Union Pacific in the 1st quarter valued at approximately $32,000. WPG Advisers LLC acquired a new stake in Union Pacific in the first quarter valued at approximately $33,000. Cornerstone Planning Group LLC grew its stake in shares of 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 buying an additional 56 shares during the last quarter. Finally, IMA Advisory Services Inc. bought a new stake in shares of Union Pacific during the first quarter worth $43,000. Institutional investors own 80.38% of the company's stock.

Union Pacific Stock Performance

NYSE:UNP opened at $217.41 on Tuesday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84. The company has a 50 day simple moving average of $226.14 and a two-hundred day simple moving average of $226.61. The company has a market capitalization of $128.93 billion, a PE ratio of 18.89, a P/E/G ratio of 2.14 and a beta of 1.03.

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

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.5%. This is an increase from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date of this dividend is Friday, August 29th. Union Pacific's payout ratio is currently 47.96%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. UBS Group increased their price target on Union Pacific from $238.00 to $240.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Citigroup downgraded Union Pacific from a "strong-buy" rating to a "hold" rating and dropped their target price for the company from $270.00 to $250.00 in a research report on Wednesday, July 30th. Robert W. Baird started coverage on Union Pacific in a report on Tuesday, July 1st. They set a "neutral" rating and a $231.00 price target on the stock. Susquehanna lowered their price objective on Union Pacific from $260.00 to $257.00 and set a "positive" rating for the company in a research note on Wednesday, July 30th. Finally, Barclays lowered shares of Union Pacific from an "overweight" rating to an "equal weight" rating in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Union Pacific currently has an average rating of "Moderate Buy" and an average price target of $258.21.

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.

Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Corporation (NYSE:UNP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.