Union Pacific Corporation $UNP Stock Position Raised by Retirement Systems of Alabama

Key Points

• Retirement Systems of Alabama increased its Union Pacific stake by 7.4% in the third quarter, adding 23,405 shares to hold 339,343 shares valued at about $92.3 million. Institutional investors collectively own 80.38% of the stock.
• Analysts give Union Pacific a consensus “Moderate Buy” rating, with an average price target of $325.09; 19 analysts rate it Buy, four Hold, and one Strong Buy.
• Union Pacific reported quarterly EPS of $3.53, ahead of the $3.47 consensus, and revenue of $7.20 billion, up 15.3% year over year.

Retirement Systems of Alabama raised its position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 7.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 339,343 shares of the railroad operator's stock after purchasing an additional 23,405 shares during the quarter. Retirement Systems of Alabama owned 0.06% of Union Pacific worth $92,345,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Kohmann Bosshard Financial Services LLC boosted its stake in shares of Union Pacific by 8.0% in the third quarter. Kohmann Bosshard Financial Services LLC now owns 903 shares of the railroad operator's stock worth $246,000 after acquiring an additional 67 shares during the period. Joseph Group Capital Management grew its position in shares of Union Pacific by 34.4% during the third quarter. Joseph Group Capital Management now owns 203 shares of the railroad operator's stock worth $55,000 after purchasing an additional 52 shares in the last quarter. Beverly Hills Private Wealth LLC grew its position in shares of Union Pacific by 24.6% during the third quarter. Beverly Hills Private Wealth LLC now owns 2,096 shares of the railroad operator's stock worth $570,000 after purchasing an additional 414 shares in the last quarter. University of Texas Texas AM Investment Management Co. raised its stake in Union Pacific by 449.3% during the 3rd quarter. University of Texas Texas AM Investment Management Co. now owns 10,778 shares of the railroad operator's stock valued at $2,933,000 after purchasing an additional 8,816 shares during the period. Finally, Elite Wealth Management Inc. raised its stake in Union Pacific by 191.1% during the 3rd quarter. Elite Wealth Management Inc. now owns 17,876 shares of the railroad operator's stock valued at $4,865,000 after purchasing an additional 11,736 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on UNP shares. JPMorgan Chase & Co. lowered their price target on Union Pacific from $322.00 to $321.00 and set a "neutral" rating on the stock in a report on Friday, October 23rd. Erste Group Bank initiated coverage on shares of Union Pacific in a research report on Thursday, August 27th. They set a "buy" rating on the stock. Royal Bank Of Canada set a $328.00 price objective on shares of Union Pacific in a research report on Friday, October 23rd. Evercore lowered their target price on shares of Union Pacific from $329.00 to $322.00 and set an "outperform" rating on the stock in a report on Wednesday, October 28th. Finally, Rothschild & Co Redburn upped their target price on shares of Union Pacific from $313.00 to $323.00 and gave the stock a "buy" rating in a research report on Tuesday, October 27th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $325.09.

Union Pacific Price Performance

Union Pacific stock opened at $296.81 on Tuesday. Union Pacific Corporation has a 52-week low of $219.89 and a 52-week high of $315.99. The company has a quick ratio of 0.99, a current ratio of 1.16 and a debt-to-equity ratio of 1.32. The firm's fifty day moving average is $286.50 and its 200 day moving average is $272.24. The company has a market cap of $176.38 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 3.05 and a beta of 0.84.

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The railroad operator reported $3.53 EPS for the quarter, topping analysts' consensus estimates of $3.47 by $0.06. Union Pacific had a net margin of 28.90% and a return on equity of 37.54%. The business had revenue of $7.20 billion during the quarter, compared to analysts' expectations of $7.16 billion. During the same period last year, the company posted $3.08 EPS. The business's revenue was up 15.3% on a year-over-year basis. Sell-side analysts forecast 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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