Nordea Investment Management AB Increases Stock Holdings in Union Pacific Corporation $UNP

Key Points

• Nordea Investment Management AB increased its stake in Union Pacific Corporation by 4.9%, raising its ownership to 148,389 shares, valued at approximately $34.27 million.
• Union Pacific's recent quarterly earnings report surpassed analysts' expectations, with an earnings per share (EPS) of $3.03 compared to a consensus estimate of $2.84.
• The company's stock has a consensus rating of "Moderate Buy" from multiple analysts, along with a consensus price target of $261.58.

Nordea Investment Management AB lifted its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 4.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 148,389 shares of the railroad operator's stock after buying an additional 6,937 shares during the period. Nordea Investment Management AB's holdings in Union Pacific were worth $34,269,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. boosted its position in Union Pacific by 10.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 93,337 shares of the railroad operator's stock worth $21,475,000 after purchasing an additional 8,925 shares during the last quarter. LGT Group Foundation boosted its position in Union Pacific by 9.7% in the first quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator's stock worth $1,275,000 after purchasing an additional 477 shares during the last quarter. Nuveen LLC purchased a new position in Union Pacific in the first quarter worth $988,822,000. SlateStone Wealth LLC boosted its position in Union Pacific by 6.2% in the first quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator's stock worth $3,133,000 after purchasing an additional 772 shares during the last quarter. Finally, Meadow Creek Wealth Advisors LLC boosted its position in Union Pacific by 10.9% in the first quarter. Meadow Creek Wealth Advisors LLC now owns 3,666 shares of the railroad operator's stock worth $866,000 after purchasing an additional 359 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company's stock.

Union Pacific Stock Performance

NYSE:UNP opened at $225.98 on Friday. 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 52-week low of $204.66 and a 52-week high of $256.84. The firm has a market cap of $134.03 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 2.35 and a beta of 1.07. The business's fifty day moving average is $224.71 and its 200 day moving average is $224.02.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The company had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same period in the previous year, the company posted $2.74 EPS. The firm's revenue for the quarter was up 2.4% compared to the same quarter last year. Research analysts predict that Union Pacific Corporation will post 11.99 EPS for the current year.

Analyst Upgrades and Downgrades

UNP has been the topic of several research analyst reports. Raymond James Financial reissued a "strong-buy" rating on shares of Union Pacific in a research report on Tuesday, July 15th. Barclays cut Union Pacific from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, July 30th. Jefferies Financial Group raised Union Pacific from a "hold" rating to a "buy" rating and upped their price target for the company from $250.00 to $285.00 in a research report on Friday, July 25th. Sanford C. Bernstein upped their price target on Union Pacific from $271.00 to $286.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Finally, Evercore ISI dropped their price target on Union Pacific from $244.00 to $238.00 and set an "in-line" rating on the stock in a research report on Friday, July 25th. 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's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.

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