Union Pacific Corporation $UNP Stock Acquired by Calamos Advisors LLC

Key Points

• Calamos Advisors increased its Union Pacific stake by 42.3% in the third quarter, adding 107,901 shares to hold 362,831 shares valued at about $98.7 million.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $325.09; 20 analysts rate the stock Buy, one Strong Buy, and four Hold.
• Union Pacific beat quarterly earnings and revenue estimates, reporting EPS of $3.53 and revenue of $7.20 billion, with revenue up 15.3% year over year. Shares fell 2.5% in Friday trading to $290.50.

Calamos Advisors LLC grew its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 42.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 362,831 shares of the railroad operator's stock after purchasing an additional 107,901 shares during the quarter. Calamos Advisors LLC owned 0.06% of Union Pacific worth $98,737,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Scarborough Advisors LLC acquired a new position in shares of Union Pacific in the first quarter worth $27,000. John Boyer Inc. acquired a new position in Union Pacific during the 3rd quarter worth $27,000. Wiser Advisor Group LLC acquired a new position in Union Pacific during the 2nd quarter worth $30,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in Union Pacific during the 2nd quarter worth $34,000. Finally, Clark Wealth Partners increased its holdings in Union Pacific by 37.4% during the 3rd quarter. Clark Wealth Partners now owns 136 shares of the railroad operator's stock worth $37,000 after purchasing an additional 37 shares during the period. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Stephens lifted their price objective on Union Pacific from $340.00 to $352.00 and gave the company an "overweight" rating in a research note on Thursday, October 22nd. Barclays restated an "overweight" rating and set a $350.00 target price (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. Susquehanna boosted their price target on shares of Union Pacific from $333.00 to $345.00 and gave the stock a "positive" rating in a report on Tuesday, October 27th. TD Cowen reissued a "buy" rating and issued a $328.00 price objective (up from $325.00) on shares of Union Pacific in a research report on Friday, October 23rd. Finally, Citizens Jmp started coverage on shares of Union Pacific in a report on Wednesday, July 15th. They issued an "outperform" rating and a $350.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $325.09.

Union Pacific Stock Down 2.5%

Shares of NYSE UNP traded down $7.45 during midday trading on Friday, hitting $290.50. 3,034,151 shares of the company's stock were exchanged, compared to its average volume of 2,440,108. The firm's fifty day simple moving average is $286.72 and its 200-day simple moving average is $271.90. The company has a market cap of $172.63 billion, a PE ratio of 22.64, a P/E/G ratio of 3.03 and a beta of 0.84. Union Pacific Corporation has a twelve month low of $218.20 and a twelve month high of $315.99. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.16 and a quick ratio of 0.99.

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

About Union Pacific

Union Pacific Corporation operates one of the largest freight rail networks in the United States through its subsidiary, Union Pacific Railroad. Its network serves 23 states across the western two-thirds of the country and connects with other railroads, ports and border crossings, including routes to Mexico and Canada.

The company transports a broad range of goods, including agricultural products, industrial materials, coal and energy products, and consumer merchandise. Its services support industries such as manufacturing, construction, agriculture, automotive and retail, with intermodal transportation combining rail with truck and shipping services.

Union Pacific traces its history to the Pacific Railway Act of 1862 and played a central role in building the first transcontinental railroad, completed in 1869.

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