Convergence Investment Partners LLC Has $953,000 Stock Position in Union Pacific Co. (NYSE:UNP)

Convergence Investment Partners LLC cut its holdings in shares of Union Pacific Co. (NYSE:UNP) by 48.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,177 shares of the railroad operator’s stock after selling 3,866 shares during the quarter. Convergence Investment Partners LLC’s holdings in Union Pacific were worth $953,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Compass Financial Services Inc purchased a new position in Union Pacific during the fourth quarter valued at approximately $25,000. Synergy Asset Management LLC acquired a new stake in shares of Union Pacific during the 4th quarter valued at $29,000. Catalyst Capital Advisors LLC purchased a new position in shares of Union Pacific during the 3rd quarter valued at $30,000. Dunhill Financial LLC increased its stake in shares of Union Pacific by 111.5% in the third quarter. Dunhill Financial LLC now owns 129 shares of the railroad operator’s stock worth $32,000 after acquiring an additional 68 shares during the last quarter. Finally, Peterson Financial Group Inc. purchased a new stake in shares of Union Pacific during the third quarter worth $32,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on UNP shares. Citigroup upped their target price on Union Pacific from $254.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Susquehanna cut their price objective on shares of Union Pacific from $260.00 to $255.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Royal Bank of Canada decreased their target price on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. TD Cowen raised their price target on shares of Union Pacific from $245.00 to $258.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, Guggenheim upped their price objective on shares of Union Pacific from $266.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Union Pacific has a consensus rating of “Moderate Buy” and a consensus target price of $261.40.

Union Pacific Trading Down 1.7 %

Shares of Union Pacific stock opened at $247.02 on Thursday. Union Pacific Co. has a 1 year low of $218.55 and a 1 year high of $258.66. The company’s fifty day simple moving average is $237.20 and its 200-day simple moving average is $240.57. The company has a market cap of $149.27 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 2.16 and a beta of 1.06. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.15. Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. During the same period last year, the business posted $2.71 EPS. As a group, sell-side analysts expect that Union Pacific Co. will post 12.01 EPS for the current year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a $1.34 dividend. The ex-dividend date is Friday, February 28th. This represents a $5.36 annualized dividend and a yield of 2.17%. Union Pacific’s dividend payout ratio (DPR) is 48.33%.

Insiders Place Their Bets

In other news, President Elizabeth F. Whited sold 7,500 shares of the stock in a transaction on Friday, January 24th. The shares were sold at an average price of $250.00, for a total value of $1,875,000.00. Following the completion of the transaction, the president now owns 64,960 shares in the company, valued at approximately $16,240,000. This represents a 10.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Craig V. Richardson sold 6,495 shares of Union Pacific stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $252.00, for a total transaction of $1,636,740.00. Following the sale, the executive vice president now owns 26,319 shares in the company, valued at approximately $6,632,388. This trade represents a 19.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

Union Pacific Company 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.