CIBC Asset Management Inc Buys 5,072 Shares of Union Pacific Co. (NYSE:UNP)

CIBC Asset Management Inc raised its stake in Union Pacific Co. (NYSE:UNP) by 1.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 273,605 shares of the railroad operator’s stock after acquiring an additional 5,072 shares during the period. CIBC Asset Management Inc’s holdings in Union Pacific were worth $67,366,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in UNP. Tocqueville Asset Management L.P. raised its holdings in shares of Union Pacific by 3.3% in the first quarter. Tocqueville Asset Management L.P. now owns 39,754 shares of the railroad operator’s stock valued at $9,777,000 after buying an additional 1,268 shares during the last quarter. Banco Santander S.A. acquired a new position in shares of Union Pacific during the first quarter worth approximately $351,000. M&G Plc acquired a new stake in shares of Union Pacific in the first quarter valued at approximately $10,378,000. First Foundation Advisors raised its position in Union Pacific by 9.0% in the 1st quarter. First Foundation Advisors now owns 3,236 shares of the railroad operator’s stock worth $796,000 after purchasing an additional 266 shares during the last quarter. Finally, Councilmark Asset Management LLC acquired a new position in Union Pacific during the 1st quarter worth $1,598,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Trading Down 2.0 %

Shares of NYSE:UNP opened at $235.58 on Friday. Union Pacific Co. has a 52-week low of $215.81 and a 52-week high of $258.66. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77. The company has a market capitalization of $142.82 billion, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 2.38 and a beta of 1.06. The company has a 50-day simple moving average of $242.46 and a 200 day simple moving average of $238.64.

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 analysts’ consensus estimates of $2.78 by ($0.03). Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The business had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.14 billion. During the same period in the previous year, the business earned $2.51 earnings per share. The business’s quarterly revenue was up 2.5% on a year-over-year basis. Sell-side analysts forecast that Union Pacific Co. will post 10.94 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on UNP. Benchmark restated a “buy” rating and set a $266.00 target price on shares of Union Pacific in a research report on Friday, October 25th. Bank of America cut their target price on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. JPMorgan Chase & Co. reduced their price target on Union Pacific from $263.00 to $252.00 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 Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, Raymond James increased 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 report on Monday, October 14th. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.80.

About Union Pacific

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.