Quantitative Systematic Strategies LLC Raises Stock Holdings in Union Pacific Co. (NYSE:UNP)

Quantitative Systematic Strategies LLC raised its position in shares of Union Pacific Co. (NYSE:UNP) by 102.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,682 shares of the railroad operator’s stock after buying an additional 14,512 shares during the quarter. Union Pacific comprises 0.9% of Quantitative Systematic Strategies LLC’s portfolio, making the stock its 19th largest position. Quantitative Systematic Strategies LLC’s holdings in Union Pacific were worth $4,850,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV acquired a new stake in Union Pacific during the first quarter valued at approximately $4,894,000. Pendal Group Ltd raised its stake in Union Pacific by 8.9% during the first quarter. Pendal Group Ltd now owns 47,161 shares of the railroad operator’s stock valued at $7,885,000 after buying an additional 3,868 shares in the last quarter. Cerebellum GP LLC raised its stake in Union Pacific by 6.0% during the first quarter. Cerebellum GP LLC now owns 2,051 shares of the railroad operator’s stock valued at $343,000 after buying an additional 116 shares in the last quarter. Choate Investment Advisors raised its stake in Union Pacific by 3.5% during the first quarter. Choate Investment Advisors now owns 15,314 shares of the railroad operator’s stock valued at $2,561,000 after buying an additional 520 shares in the last quarter. Finally, Horizon Investments LLC acquired a new stake in Union Pacific during the first quarter valued at approximately $507,000. Hedge funds and other institutional investors own 79.32% of the company’s stock.

In other Union Pacific news, Director William J. Delaney III bought 5,000 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were purchased at an average cost of $174.06 per share, for a total transaction of $870,300.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $870,300. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert M. Knight, Jr. sold 8,620 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $180.04, for a total value of $1,551,944.80. Following the completion of the sale, the executive vice president now owns 94,943 shares in the company, valued at $17,093,537.72. The disclosure for this sale can be found here. 9.96% of the stock is owned by company insiders.

UNP traded down $7.26 during trading hours on Monday, hitting $166.26. The company’s stock had a trading volume of 2,283,902 shares, compared to its average volume of 3,452,827. Union Pacific Co. has a fifty-two week low of $128.08 and a fifty-two week high of $180.54. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $122.25 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 1.94 and a beta of 1.04. The business’s 50-day moving average is $171.19.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 18th. The railroad operator reported $2.22 EPS for the quarter, beating the consensus estimate of $2.12 by $0.10. Union Pacific had a return on equity of 31.74% and a net margin of 26.95%. The firm had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.62 billion. During the same period last year, the firm earned $1.98 EPS. The firm’s revenue was down 1.3% compared to the same quarter last year. Equities analysts expect that Union Pacific Co. will post 8.96 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be given a $0.97 dividend. This is a boost from Union Pacific’s previous quarterly dividend of $0.88. This represents a $3.88 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Thursday, August 29th. Union Pacific’s dividend payout ratio (DPR) is currently 44.50%.

A number of analysts have recently weighed in on the company. Cowen reiterated a “buy” rating and set a $184.00 price target on shares of Union Pacific in a research report on Thursday, July 18th. BMO Capital Markets increased their price target on Union Pacific to $190.00 and gave the stock an “outperform” rating in a research report on Monday, April 22nd. Loop Capital increased their price target on Union Pacific to $191.00 in a research report on Friday, July 19th. Goldman Sachs Group assumed coverage on Union Pacific in a research report on Wednesday, July 10th. They set a “buy” rating and a $198.00 price target on the stock. Finally, Morgan Stanley set a $140.00 price target on Union Pacific and gave the stock a “sell” rating in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company. Union Pacific currently has an average rating of “Buy” and a consensus target price of $182.62.

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.

See Also: Preferred Stock

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

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