Union Pacific Co. (NYSE:UNP) Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lifted its stake in shares of Union Pacific Co. (NYSE:UNP) by 1,306.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 450 shares of the railroad operator’s stock after purchasing an additional 418 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Union Pacific were worth $111,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Richardson Capital Management LLC bought a new position in shares of Union Pacific in the first quarter valued at approximately $26,000. Cultivar Capital Inc. acquired a new position in shares of Union Pacific during the 2nd quarter valued at $27,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Union Pacific in the 2nd quarter worth $28,000. Tributary Capital Management LLC acquired a new stake in shares of Union Pacific in the first quarter valued at $30,000. Finally, Financial Gravity Asset Management Inc. grew its holdings in Union Pacific by 3,250.0% during the second quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock worth $30,000 after acquiring an additional 130 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Evercore ISI downgraded Union Pacific from an “outperform” rating to an “inline” rating and cut their price objective for the company from $254.00 to $247.00 in a research report on Wednesday, September 25th. Susquehanna lifted their target price on Union Pacific from $250.00 to $260.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. BMO Capital Markets dropped their target price on Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, September 20th. Citigroup assumed coverage on shares of Union Pacific in a report on Wednesday, October 9th. They set a “neutral” rating and a $264.00 price target for the company. Finally, Royal Bank of Canada increased their price objective on Union Pacific from $275.00 to $288.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $260.53.

Union Pacific Trading Up 0.5 %

Union Pacific stock opened at $241.46 on Wednesday. The business’s 50-day simple moving average is $246.56 and its 200-day simple moving average is $238.58. Union Pacific Co. has a 52 week low of $199.97 and a 52 week high of $258.66. The firm has a market capitalization of $147.10 billion, a PE ratio of 22.67, a PEG ratio of 2.26 and a beta of 1.05. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 1.05.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.03. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The business had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $6.05 billion. During the same quarter last year, the company earned $2.57 earnings per share. The firm’s revenue was up .7% on a year-over-year basis. Equities research analysts forecast that Union Pacific Co. will post 11.07 earnings per share for the current year.

Insider Transactions at Union Pacific

In other news, President Elizabeth F. Whited sold 3,552 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total value of $875,887.68. Following the transaction, the president now directly owns 64,945 shares of the company’s stock, valued at $16,014,787.55. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.28% of the company’s stock.

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.