Spectrum Advisors Inc. Acquires 1,990 Shares of Union Pacific Corporation $UNP

Spectrum Advisors Inc. acquired a new position in Union Pacific Corporation (NYSE:UNP) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,990 shares of the railroad operator’s stock, valued at approximately $542,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UNP. Asset Dedication LLC grew its holdings in shares of Union Pacific by 6.6% during the third quarter. Asset Dedication LLC now owns 715 shares of the railroad operator’s stock valued at $195,000 after buying an additional 44 shares during the last quarter. United Advisor Group LLC raised its stake in Union Pacific by 31.1% in the 3rd quarter. United Advisor Group LLC now owns 1,141 shares of the railroad operator’s stock worth $310,000 after acquiring an additional 271 shares during the last quarter. Plancorp LLC lifted its position in Union Pacific by 4.9% during the 3rd quarter. Plancorp LLC now owns 13,923 shares of the railroad operator’s stock worth $3,789,000 after acquiring an additional 653 shares during the period. May Hill Capital LLC lifted its position in Union Pacific by 5.5% during the 3rd quarter. May Hill Capital LLC now owns 970 shares of the railroad operator’s stock worth $264,000 after acquiring an additional 51 shares during the period. Finally, LightSquare Wealth Management LLC lifted its position in Union Pacific by 5.3% during the 3rd quarter. LightSquare Wealth Management LLC now owns 1,563 shares of the railroad operator’s stock worth $425,000 after acquiring an additional 79 shares during the period. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Stock Performance

Union Pacific stock traded down $7.45 during midday trading on Friday, hitting $290.50. 3,034,151 shares of the company were exchanged, compared to its average volume of 2,440,108. The business has a fifty day simple moving average of $286.72 and a two-hundred day simple moving average of $271.90. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.99 and a current ratio of 1.16. The firm has a market capitalization of $172.63 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 3.03 and a beta of 0.84. Union Pacific Corporation has a fifty-two week low of $218.20 and a fifty-two week high of $315.99.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, October 22nd. The railroad operator reported $3.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.47 by $0.06. The company had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.16 billion. Union Pacific had a return on equity of 37.54% and a net margin of 28.90%. Union Pacific’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the previous year, the company posted $3.08 earnings per share. On average, sell-side analysts forecast that Union Pacific Corporation will post 13.13 earnings per share for the current year.

Analysts Set New Price Targets

UNP has been the topic of a number of research reports. Jefferies Financial Group increased their price objective on Union Pacific from $330.00 to $375.00 and gave the company a “buy” rating in a report on Friday, July 24th. Citigroup reaffirmed a “market outperform” rating on shares of Union Pacific in a report on Friday, October 23rd. Wells Fargo & Company reiterated an “overweight” rating and issued a $335.00 target price (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. Evercore cut their price target on shares of Union Pacific from $329.00 to $322.00 and set an “outperform” rating on the stock in a report on Wednesday, October 28th. Finally, UBS Group restated a “buy” rating and set a $339.00 price objective (up from $310.00) on shares of Union Pacific in a research note on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $325.09.

Union Pacific Company Profile

Union Pacific Corporation operates one of the largest freight rail networks in the United States through its subsidiary, Union Pacific Railroad. Its network serves 23 states across the western two-thirds of the country and connects with other railroads, ports and border crossings, including routes to Mexico and Canada.

The company transports a broad range of goods, including agricultural products, industrial materials, coal and energy products, and consumer merchandise. Its services support industries such as manufacturing, construction, agriculture, automotive and retail, with intermodal transportation combining rail with truck and shipping services.

Union Pacific traces its history to the Pacific Railway Act of 1862 and played a central role in building the first transcontinental railroad, completed in 1869.