Boston Advisors LLC cut its stake in Union Pacific Co. (NYSE:UNP) by 0.7% in the first quarter, HoldingsChannel.com reports. The firm owned 65,069 shares of the railroad operator’s stock after selling 450 shares during the period. Boston Advisors LLC’s holdings in Union Pacific were worth $10,880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently modified their holdings of UNP. Private Ocean LLC acquired a new position in shares of Union Pacific in the 4th quarter valued at $25,000. Gradient Investments LLC raised its stake in shares of Union Pacific by 117.1% in the 4th quarter. Gradient Investments LLC now owns 241 shares of the railroad operator’s stock valued at $33,000 after buying an additional 130 shares in the last quarter. Tributary Capital Management LLC acquired a new position in shares of Union Pacific in the 4th quarter valued at $42,000. Clarfeld Financial Advisors LLC acquired a new position in shares of Union Pacific in the 4th quarter valued at $42,000. Finally, Investors Research Corp acquired a new position in shares of Union Pacific in the 1st quarter valued at $42,000. 81.28% of the stock is owned by hedge funds and other institutional investors.
In other Union Pacific news, VP Todd M. Rynaski sold 8,802 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $170.00, for a total transaction of $1,496,340.00. Following the sale, the vice president now owns 19,731 shares of the company’s stock, valued at approximately $3,354,270. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Robert M. Knight, Jr. sold 10,000 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $170.01, for a total transaction of $1,700,100.00. Following the sale, the executive vice president now directly owns 94,943 shares in the company, valued at approximately $16,141,259.43. The disclosure for this sale can be found here. Insiders have sold a total of 31,667 shares of company stock valued at $5,454,729 in the last quarter. 9.96% of the stock is currently owned by corporate insiders.
Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, April 18th. The railroad operator reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.04. The business had revenue of $5.38 billion during the quarter, compared to analysts’ expectations of $5.51 billion. Union Pacific had a net margin of 26.59% and a return on equity of 30.73%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the company posted $1.68 EPS. As a group, equities research analysts forecast that Union Pacific Co. will post 9.06 EPS for the current fiscal year.
Union Pacific announced that its Board of Directors has approved a share repurchase program on Thursday, February 7th that authorizes the company to buyback 150,000,000 outstanding shares. This buyback authorization authorizes the railroad operator to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
A number of brokerages have recently issued reports on UNP. TD Securities increased their price objective 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. Deutsche Bank set a $200.00 price objective on shares of Union Pacific and gave the company a “buy” rating in a research note on Monday, April 22nd. Raymond James increased their price objective on shares of Union Pacific from $192.00 to $201.00 and gave the company a “strong-buy” rating in a research note on Monday, April 22nd. BMO Capital Markets increased their price objective on shares of Union Pacific to $190.00 and gave the company an “outperform” rating in a research note on Monday, April 22nd. Finally, ValuEngine upgraded shares of Union Pacific from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Union Pacific has a consensus rating of “Buy” and an average target price of $175.35.
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About Union Pacific
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.
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