Union Pacific Corporation $UNP Stock Sold by CenterBook Partners LP

Key Points

• CenterBook Partners cut its Union Pacific stake by 47.6% in the third quarter, selling 4,688 shares and ending the period with 5,168 shares worth about $1.41 million.
• Analysts maintain a Moderate Buy consensus, with an average price target of $325.09; 19 analysts rate the stock Buy, four Hold, and one Strong Buy.
• Union Pacific beat quarterly expectations, reporting EPS of $3.53 versus $3.47 expected and revenue of $7.20 billion, up 15.3% year over year.

CenterBook Partners LP lessened its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 47.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,168 shares of the railroad operator's stock after selling 4,688 shares during the period. CenterBook Partners LP's holdings in Union Pacific were worth $1,406,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Scarborough Advisors LLC acquired a new position in Union Pacific in the first quarter valued at about $27,000. John Boyer Inc. acquired a new position in shares of Union Pacific during the third quarter valued at $27,000. Wiser Advisor Group LLC acquired a new stake in shares of Union Pacific during the 2nd quarter worth approximately $30,000. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of Union Pacific during the 2nd quarter valued at $34,000. Finally, Clark Wealth Partners increased its holdings in Union Pacific by 37.4% in the third quarter. Clark Wealth Partners now owns 136 shares of the railroad operator's stock valued at $37,000 after purchasing an additional 37 shares during the last quarter. Institutional investors own 80.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Stephens lifted their price target on shares of Union Pacific from $340.00 to $352.00 and gave the stock an "overweight" rating in a research report on Thursday, October 22nd. JPMorgan Chase & Co. decreased their price target on shares of Union Pacific from $322.00 to $321.00 and set a "neutral" rating for the company in a research note on Friday, October 23rd. Bank of America lifted their price objective on shares of Union Pacific from $301.00 to $334.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. BMO Capital Markets reissued a "market perform" rating and issued a $320.00 price objective (up from $285.00) on shares of Union Pacific in a research report on Friday, July 24th. Finally, Robert W. Baird set a $310.00 target price on shares of Union Pacific and gave the stock a "neutral" rating in a report on Thursday. 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's stock. Based on data from MarketBeat, Union Pacific has a consensus rating of "Moderate Buy" and an average price target of $325.09.

Union Pacific Trading Up 2.3%

Shares of Union Pacific stock opened at $296.81 on Tuesday. The company has a market capitalization of $176.38 billion, a price-to-earnings ratio of 23.13, a P/E/G ratio of 3.05 and a beta of 0.84. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.16 and a quick ratio of 0.99. The business has a fifty day simple moving average of $286.50 and a two-hundred day simple moving average of $272.24. Union Pacific Corporation has a 1 year low of $219.89 and a 1 year high of $315.99.

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

Union Pacific Profile

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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