Congress Asset Management Co. Sells 498 Shares of Union Pacific Co. (NYSE:UNP)

Congress Asset Management Co. reduced its holdings in shares of Union Pacific Co. (NYSE:UNP) by 12.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 3,525 shares of the railroad operator’s stock after selling 498 shares during the period. Congress Asset Management Co.’s holdings in Union Pacific were worth $869,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Ameriprise Financial Inc. grew its position in Union Pacific by 1.3% in the second quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator’s stock valued at $1,880,701,000 after purchasing an additional 106,996 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Union Pacific by 7.6% in the 1st quarter. Capital Research Global Investors now owns 7,370,752 shares of the railroad operator’s stock valued at $1,812,689,000 after acquiring an additional 518,985 shares in the last quarter. Legal & General Group Plc increased its position in shares of Union Pacific by 2.1% in the second quarter. Legal & General Group Plc now owns 5,970,669 shares of the railroad operator’s stock valued at $1,350,924,000 after acquiring an additional 124,571 shares during the last quarter. Clearbridge Investments LLC raised its holdings in Union Pacific by 5.7% during the first quarter. Clearbridge Investments LLC now owns 4,396,974 shares of the railroad operator’s stock worth $1,081,348,000 after acquiring an additional 237,083 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in Union Pacific by 8.3% during the second quarter. Canada Pension Plan Investment Board now owns 4,218,730 shares of the railroad operator’s stock valued at $954,530,000 after purchasing an additional 322,129 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Trading Up 0.3 %

UNP opened at $232.69 on Friday. The stock has a market capitalization of $141.07 billion, a price-to-earnings ratio of 21.37, a P/E/G ratio of 2.29 and a beta of 1.06. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79. Union Pacific Co. has a twelve month low of $207.74 and a twelve month high of $258.66. The company has a 50-day simple moving average of $244.66 and a 200 day simple moving average of $238.33.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.78 by ($0.03). Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The business had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.14 billion. During the same quarter in the previous year, the company earned $2.51 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. Analysts predict that Union Pacific Co. will post 10.97 EPS for the current fiscal year.

Analyst Ratings Changes

UNP has been the topic of a number of analyst reports. BMO Capital Markets dropped their price objective on Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, September 20th. Evercore ISI lowered shares of Union Pacific from an “outperform” rating to an “inline” rating and dropped their price target for the stock from $254.00 to $247.00 in a research report on Wednesday, September 25th. Raymond James lifted their price objective on shares of Union Pacific from $265.00 to $275.00 and gave the company a “strong-buy” rating in a research report on Monday, October 14th. TD Cowen dropped their target price on shares of Union Pacific from $255.00 to $252.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, Bank of America reduced their price target on Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.