Mirae Asset Global Investments Co. Ltd. Acquires New Holdings in Union Pacific Corporation $UNP

Key Points

• Mirae Asset Global Investments initiated a Union Pacific position during the third quarter, purchasing 167,168 shares valued at approximately $45.5 million. Institutional investors collectively own 80.38% of the company.
• Analysts maintain a generally positive view of Union Pacific, with a consensus rating of “Moderate Buy” and an average price target of $326.44.
• Union Pacific exceeded quarterly expectations, reporting $3.53 in EPS and $7.20 billion in revenue, while revenue increased 15.3% year over year.

Mirae Asset Global Investments Co. Ltd. bought a new position in Union Pacific Corporation (NYSE:UNP - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 167,168 shares of the railroad operator's stock, valued at approximately $45,491,000.

Several other large investors have also recently bought and sold shares of the company. Capital Advisors Inc. OK increased its stake in Union Pacific by 1.8% during the second quarter. Capital Advisors Inc. OK now owns 1,888 shares of the railroad operator's stock valued at $513,000 after purchasing an additional 34 shares during the last quarter. Tiemann Investment Advisors LLC raised its stake in Union Pacific by 1.7% during the 2nd quarter. Tiemann Investment Advisors LLC now owns 2,117 shares of the railroad operator's stock valued at $576,000 after acquiring an additional 35 shares in the last quarter. Burford Brothers Inc. increased its holdings in shares of Union Pacific by 1.9% during the second quarter. Burford Brothers Inc. now owns 1,877 shares of the railroad operator's stock valued at $511,000 after purchasing an additional 35 shares during the period. Nabity Jensen Investment Management Inc raised its position in shares of Union Pacific by 1.3% during the 3rd quarter. Nabity Jensen Investment Management Inc now owns 2,754 shares of the railroad operator's stock worth $749,000 after buying an additional 35 shares in the last quarter. Finally, TFR Capital LLC. raised its holdings in Union Pacific by 3.8% during the second quarter. TFR Capital LLC. now owns 979 shares of the railroad operator's stock worth $266,000 after purchasing an additional 36 shares in the last quarter. 80.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Robert W. Baird raised their price objective on shares of Union Pacific from $311.00 to $344.00 and gave the stock an "outperform" rating in a research note on Monday, July 27th. Benchmark lifted their price objective on Union Pacific from $325.00 to $335.00 and gave the company a "buy" rating in a report on Friday, July 24th. BMO Capital Markets reissued a "market perform" rating and issued a $320.00 price target (up from $285.00) on shares of Union Pacific in a report on Friday, July 24th. Raymond James Financial restated a "strong-buy" rating on shares of Union Pacific in a report on Friday, October 23rd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Union Pacific from $322.00 to $321.00 and set a "neutral" rating on the stock in a report on Friday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $326.44.

Union Pacific Stock Performance

NYSE:UNP opened at $304.00 on Monday. The firm has a market capitalization of $180.65 billion, a P/E ratio of 23.69, a P/E/G ratio of 3.00 and a beta of 0.84. Union Pacific Corporation has a twelve month low of $216.32 and a twelve month high of $315.99. The company has a fifty day moving average of $287.51 and a 200-day moving average of $270.06. The company has a quick ratio of 0.99, a current ratio of 1.16 and a debt-to-equity ratio of 1.32.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The railroad operator reported $3.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.06. The business had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.16 billion. Union Pacific had a net margin of 28.90% and a return on equity of 37.54%. Union Pacific's revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the firm posted $3.08 EPS. As a group, sell-side analysts anticipate that Union Pacific Corporation will post 13.13 EPS for the current year.

Union Pacific Company Profile

Union Pacific Corporation NYSE: UNP is a transportation company that operates one of the largest freight railroad networks in the United States. Through its Union Pacific Railroad subsidiary, the company moves goods across the western two-thirds of the country, connecting major agricultural, industrial, energy, population and port markets.

Union Pacific transports a broad range of commodities and products, including agricultural goods, automotive shipments, chemicals, coal, industrial products, forest products and intermodal containers.

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