Robeco Institutional Asset Management B.V. Sells 340,518 Shares of Union Pacific Corporation $UNP

Key Points

• Robeco Institutional Asset Management B.V. has reduced its holdings in Union Pacific Corporation by 29.9%, selling 340,518 shares during the second quarter, leaving it with approximately 799,067 shares valued at $183,849,000.
• In recent analyst reports, several firms have adjusted their target prices for Union Pacific, with UBS increasing it to $240.00 and BMO Capital upgrading it to $277.00, highlighting a generally positive outlook on the stock.
• Union Pacific announced an increase in its quarterly dividend to $1.38 per share, representing a yield of 2.4%, and reflecting a stable financial performance with a recent earnings beat.

Robeco Institutional Asset Management B.V. lowered its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 29.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 799,067 shares of the railroad operator's stock after selling 340,518 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.13% of Union Pacific worth $183,849,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Highline Wealth Partners LLC boosted its stake in Union Pacific by 103.5% during the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock worth $27,000 after acquiring an additional 59 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its stake in shares of Union Pacific by 1,400.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator's stock worth $28,000 after buying an additional 112 shares in the last quarter. Financial Gravity Asset Management Inc. bought a new position in shares of Union Pacific in the first quarter worth approximately $32,000. WPG Advisers LLC bought a new position in shares of Union Pacific in the first quarter worth approximately $33,000. Finally, Cornerstone Planning Group LLC lifted its stake in shares of Union Pacific by 50.5% in 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 in the last quarter. Institutional investors own 80.38% of the company's stock.

Analyst Upgrades and Downgrades

UNP has been the topic of several analyst reports. UBS Group upped their target price on shares of Union Pacific from $238.00 to $240.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Raymond James Financial reiterated a "strong-buy" rating on shares of Union Pacific in a research note on Tuesday, July 15th. BMO Capital Markets upped their target price on shares of Union Pacific from $270.00 to $277.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Baird R W upgraded shares of Union Pacific to a "hold" rating in a research note on Tuesday, July 1st. Finally, Morgan Stanley dropped their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $260.00.

Union Pacific Stock Down 0.7%

UNP opened at $234.77 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. The firm has a 50 day moving average price of $223.15 and a 200-day moving average price of $224.61. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. The stock has a market capitalization of $139.23 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 2.46 and a beta of 1.07.

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 for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $6.09 billion. During the same period in the previous year, the company earned $2.74 earnings per share. The firm's quarterly revenue was up 2.4% on a year-over-year basis. Equities research analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were issued a dividend of $1.38 per share. This is an increase from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Friday, August 29th. Union Pacific's dividend payout ratio is currently 47.96%.

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.

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