RDST Capital LLC Purchases Shares of 328,055 Union Pacific Corporation $UNP

RDST Capital LLC acquired a new stake in Union Pacific Corporation (NYSE:UNP) during the 2nd quarter, Holdings Channel reports. The firm acquired 328,055 shares of the railroad operator’s stock, valued at approximately $89,231,000. Union Pacific comprises approximately 7.4% of RDST Capital LLC’s portfolio, making the stock its 4th largest position.

Other institutional investors have also recently made changes to their positions in the company. Cambient Family Office LLC purchased a new position in shares of Union Pacific in the fourth quarter worth $1,319,000. First National Bank of Omaha grew its stake in Union Pacific by 35.8% during the fourth quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator’s stock valued at $12,665,000 after acquiring an additional 14,399 shares in the last quarter. North Dakota State Investment Board purchased a new position in Union Pacific during the fourth quarter valued at $4,746,000. Sage Investment Advisers LLC bought a new stake in Union Pacific in the 4th quarter valued at $997,000. Finally, Truist Financial Corp increased its holdings in Union Pacific by 3.1% in the 4th quarter. Truist Financial Corp now owns 1,016,071 shares of the railroad operator’s stock valued at $235,038,000 after acquiring an additional 30,079 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Up 0.6%

Shares of NYSE UNP opened at $309.83 on Tuesday. Union Pacific Corporation has a 1-year low of $210.84 and a 1-year high of $315.99. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.82. The business’s 50 day moving average is $287.14 and its two-hundred day moving average is $268.31. The stock has a market capitalization of $184.06 billion, a P/E ratio of 25.09, a PEG ratio of 3.14 and a beta of 0.96.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.26 by $0.15. The business had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.72 billion. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period last year, the company earned $3.03 EPS. As a group, research analysts expect that Union Pacific Corporation will post 12.93 EPS for the current year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, August 31st. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s payout ratio is currently 45.99%.

Insiders Place Their Bets

In related news, EVP Eric J. Gehringer sold 2,991 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the sale, the executive vice president directly owned 43,012 shares in the company, valued at $11,353,447.52. This trade represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on UNP shares. Robert W. Baird increased their price objective on shares of Union Pacific from $311.00 to $344.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Barclays reiterated an “overweight” rating and set a $350.00 target price (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. Benchmark boosted their price target on shares of Union Pacific from $325.00 to $335.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Evercore reaffirmed an “outperform” rating and set a $294.00 price target on shares of Union Pacific in a research note on Thursday, June 25th. Finally, Bank of America increased their price objective on shares of Union Pacific from $301.00 to $334.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Union Pacific has a consensus rating of “Moderate Buy” and a consensus price target of $320.89.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two?thirds of the United States.