Praxis Investment Management Inc. Sells 3,090 Shares of Union Pacific Corporation $UNP

Key Points

• Praxis Investment Management Inc. reduced its holdings in Union Pacific Corporation (NYSE:UNP) by 17.4%, selling 3,090 shares, leaving them with 14,661 shares valued at approximately $3.37 million.
• Union Pacific reported $3.03 earnings per share for the last quarter, surpassing expectations and marking a 2.4% increase in revenue year-over-year.
• Analysts have revised their price targets for Union Pacific, with estimates ranging from $231.00 to $277.00, indicating a generally positive outlook for the stock.

Praxis Investment Management Inc. trimmed its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 17.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,661 shares of the railroad operator's stock after selling 3,090 shares during the quarter. Praxis Investment Management Inc.'s holdings in Union Pacific were worth $3,373,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of Union Pacific by 16.8% in the first quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator's stock valued at $2,491,000 after buying an additional 1,520 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Union Pacific by 12.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 162,314 shares of the railroad operator's stock valued at $38,345,000 after acquiring an additional 18,453 shares during the period. Exchange Traded Concepts LLC grew its position in shares of Union Pacific by 83.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 792 shares of the railroad operator's stock valued at $187,000 after acquiring an additional 360 shares during the period. Kingswood Wealth Advisors LLC grew its position in shares of Union Pacific by 30.4% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 5,495 shares of the railroad operator's stock valued at $1,300,000 after acquiring an additional 1,280 shares during the period. Finally, CWA Asset Management Group LLC grew its position in shares of Union Pacific by 19.1% in the 1st quarter. CWA Asset Management Group LLC now owns 9,310 shares of the railroad operator's stock valued at $2,200,000 after acquiring an additional 1,494 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Stock Performance

UNP opened at $224.02 on Friday. The business has a fifty day simple moving average of $224.64 and a 200 day simple moving average of $224.20. The company has a market capitalization of $132.87 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 2.35 and a beta of 1.07. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53.

Union Pacific (NYSE:UNP - Get Free Report) last announced its earnings results 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. The company had revenue of $6.15 billion during 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%. Union Pacific's quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.74 earnings per share. Research analysts expect that Union Pacific Corporation will post 11.99 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on UNP shares. Royal Bank Of Canada lifted their price target on Union Pacific from $257.00 to $276.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Susquehanna reiterated a "positive" rating and set a $272.00 target price (up from $257.00) on shares of Union Pacific in a research note on Thursday, September 25th. BMO Capital Markets lifted their target price on Union Pacific from $270.00 to $277.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. UBS Group set a $253.00 price objective on shares of Union Pacific and gave the stock a "neutral" rating in a research report on Friday, October 3rd. Finally, Robert W. Baird began coverage on shares of Union Pacific in a research report on Tuesday, July 1st. They set a "neutral" rating and a $231.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $261.58.

Union Pacific Company 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.

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