Maj Invest Holding A S Sells 180,294 Shares of Union Pacific Corporation $UNP

Key Points

• Maj Invest Holding A S reduced its stake in Union Pacific Corporation by 32.2%, selling 180,294 shares and now holds approximately 379,732 shares of the firm.
• Union Pacific's earnings beat expectations with $3.03 earnings per share (EPS) for the last quarter, exceeding the consensus estimate of $2.84.
• Currently, approximately 80.38% of Union Pacific's stock is held by hedge funds and institutional investors, highlighting significant institutional interest in the company.

Maj Invest Holding A S lessened its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 32.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 379,732 shares of the railroad operator's stock after selling 180,294 shares during the period. Union Pacific comprises about 3.1% of Maj Invest Holding A S's holdings, making the stock its 16th biggest position. Maj Invest Holding A S owned about 0.06% of Union Pacific worth $87,371,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in shares of Union Pacific during the 1st quarter worth approximately $988,822,000. Goldman Sachs Group Inc. lifted its stake in Union Pacific by 29.8% in the first quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator's stock valued at $873,878,000 after purchasing an additional 850,025 shares during the last quarter. Auto Owners Insurance Co grew its holdings in Union Pacific by 61,054.6% during the first quarter. Auto Owners Insurance Co now owns 625,000 shares of the railroad operator's stock valued at $147,650,000 after purchasing an additional 623,978 shares during the period. Menora Mivtachim Holdings LTD. purchased a new stake in Union Pacific in the first quarter worth $115,096,000. Finally, Canada Pension Plan Investment Board raised its stake in shares of Union Pacific by 10.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator's stock valued at $1,092,893,000 after buying an additional 452,788 shares during the period. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Price Performance

UNP stock opened at $227.37 on Tuesday. The firm has a 50 day moving average of $224.87 and a 200-day moving average of $224.12. The firm has a market capitalization of $134.86 billion, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 2.35 and a beta of 1.07. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86.

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

Analyst Ratings Changes

Several research firms have recently weighed in on UNP. Loop Capital upgraded Union Pacific from a "sell" rating to a "hold" rating and increased their price target for the stock from $214.00 to $227.00 in a research note on Tuesday, September 16th. Evercore ISI cut their target price on shares of 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. Baird R W raised shares of Union Pacific to a "hold" rating in a research report on Tuesday, July 1st. Morgan Stanley dropped their price target on shares of Union Pacific from $220.00 to $215.00 and set an "equal weight" rating on the stock in a research note on Monday, July 7th. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of Union Pacific in a research note on Tuesday, July 15th. One investment 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 company. According to data from MarketBeat, Union Pacific presently has an average rating of "Moderate Buy" and a consensus target price of $261.58.

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.

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.