Donaldson Capital Management LLC Cuts Stake in Union Pacific Co. (NYSE:UNP)

Donaldson Capital Management LLC lowered its position in shares of Union Pacific Co. (NYSE:UNP) by 38.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,691 shares of the railroad operator’s stock after selling 1,053 shares during the quarter. Donaldson Capital Management LLC’s holdings in Union Pacific were worth $283,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in UNP. Private Ocean LLC acquired a new stake in shares of Union Pacific in the fourth quarter valued at approximately $25,000. Gradient Investments LLC raised its holdings in shares of Union Pacific by 117.1% in the fourth quarter. Gradient Investments LLC now owns 241 shares of the railroad operator’s stock valued at $33,000 after purchasing an additional 130 shares during the last quarter. Tributary Capital Management LLC acquired a new stake in shares of Union Pacific in the fourth quarter valued at approximately $42,000. Clarfeld Financial Advisors LLC acquired a new stake in shares of Union Pacific in the fourth quarter valued at approximately $42,000. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of Union Pacific in the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

A number of analysts have recently issued reports on the stock. Loop Capital downgraded shares of Union Pacific from a “buy” rating to a “hold” rating and lowered their price objective for the company from $193.00 to $182.00 in a report on Tuesday, March 19th. Citigroup lifted their price objective on shares of Union Pacific from $180.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, April 4th. BMO Capital Markets raised their target price on shares of Union Pacific to $190.00 and gave the company an “outperform” rating in a research note on Monday, April 22nd. Deutsche Bank set a $200.00 target price on shares of Union Pacific and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, TD Securities raised their target price on shares of Union Pacific from $170.00 to $180.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Union Pacific currently has a consensus rating of “Buy” and an average target price of $175.35.

In other news, EVP Robert M. Knight, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $170.01, for a total value of $1,700,100.00. Following the completion of the transaction, the executive vice president now owns 94,943 shares of the company’s stock, valued at $16,141,259.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Todd M. Rynaski sold 8,802 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $170.00, for a total value of $1,496,340.00. Following the completion of the transaction, the vice president now directly owns 19,731 shares of the company’s stock, valued at approximately $3,354,270. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,667 shares of company stock valued at $5,454,729. Insiders own 9.96% of the company’s stock.

UNP stock traded up $0.29 during midday trading on Friday, reaching $175.92. The company had a trading volume of 2,659,624 shares, compared to its average volume of 3,090,297. The company has a market cap of $124.52 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 1.94 and a beta of 1.11. Union Pacific Co. has a 1-year low of $128.08 and a 1-year high of $180.02. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.32.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, April 18th. The railroad operator reported $1.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.89 by $0.04. The firm had revenue of $5.38 billion during the quarter, compared to the consensus estimate of $5.51 billion. Union Pacific had a return on equity of 30.73% and a net margin of 26.59%. The business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.68 earnings per share. On average, analysts anticipate that Union Pacific Co. will post 9.06 EPS for the current fiscal year.

Union Pacific declared that its board has initiated a share repurchase program on Thursday, February 7th that allows the company to buyback 150,000,000 outstanding shares. This buyback authorization allows the railroad operator to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

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Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.

Further Reading: Momentum Investing

Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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