Convergence Financial LLC Boosts Position in Union Pacific Co. (NYSE:UNP)

Convergence Financial LLC grew its holdings in Union Pacific Co. (NYSE:UNP) by 61.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,445 shares of the railroad operator’s stock after acquiring an additional 2,833 shares during the period. Convergence Financial LLC’s holdings in Union Pacific were worth $1,835,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in UNP. Richardson Capital Management LLC acquired a new position in Union Pacific in the first quarter valued at approximately $26,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Union Pacific during the 2nd quarter valued at approximately $28,000. Cultivar Capital Inc. acquired a new position in shares of Union Pacific in the 2nd quarter valued at $27,000. Tributary Capital Management LLC purchased a new stake in Union Pacific during the first quarter worth $30,000. Finally, Jamison Private Wealth Management Inc. grew its position in Union Pacific by 265.7% during the third quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock valued at $32,000 after buying an additional 93 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Insider Transactions at Union Pacific

In related news, President Elizabeth F. Whited sold 3,552 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total value of $875,887.68. Following the transaction, the president now directly owns 64,945 shares in the company, valued at approximately $16,014,787.55. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.28% of the company’s stock.

Union Pacific Stock Down 0.2 %

Shares of UNP opened at $230.30 on Friday. Union Pacific Co. has a 52-week low of $199.97 and a 52-week high of $258.66. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89. The stock has a fifty day simple moving average of $246.02 and a two-hundred day simple moving average of $238.48. The company has a market capitalization of $140.30 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 2.23 and a beta of 1.05.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.76 by ($0.01). Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The firm had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.14 billion. During the same quarter in the previous year, the business posted $2.51 earnings per share. Union Pacific’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities analysts forecast that Union Pacific Co. will post 11.07 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on UNP. Wells Fargo & Company lowered their target price on shares of Union Pacific from $270.00 to $255.00 and set an “overweight” rating on the stock in a research note on Friday. StockNews.com lowered Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Stifel Nicolaus reduced their target price on Union Pacific from $265.00 to $262.00 and set a “buy” rating for the company in a research note on Friday. Raymond James lifted their price target on shares of Union Pacific from $265.00 to $275.00 and gave the company a “strong-buy” rating in a research note on Monday, October 14th. Finally, Sanford C. Bernstein decreased their price objective on shares of Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a report on Wednesday, October 9th. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $259.15.

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.