Convergence Investment Partners LLC Buys 8,639 Shares of Union Pacific Co. (UNP)

Convergence Investment Partners LLC lifted its stake in Union Pacific Co. (NYSE:UNP) by 42.0% during the fourth quarter, Holdings Channel reports. The fund owned 29,221 shares of the railroad operator’s stock after buying an additional 8,639 shares during the period. Convergence Investment Partners LLC’s holdings in Union Pacific were worth $3,919,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in UNP. FMR LLC increased its position in shares of Union Pacific by 84.6% in the second quarter. FMR LLC now owns 9,603,068 shares of the railroad operator’s stock valued at $1,045,870,000 after acquiring an additional 4,399,980 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Union Pacific by 990.5% in the second quarter. Janus Henderson Group PLC now owns 2,243,574 shares of the railroad operator’s stock valued at $244,339,000 after acquiring an additional 2,037,834 shares during the last quarter. Voya Investment Management LLC increased its position in shares of Union Pacific by 88.7% in the second quarter. Voya Investment Management LLC now owns 4,060,423 shares of the railroad operator’s stock valued at $442,221,000 after acquiring an additional 1,908,175 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Union Pacific by 59.3% in the second quarter. Ameriprise Financial Inc. now owns 4,773,609 shares of the railroad operator’s stock valued at $519,785,000 after acquiring an additional 1,776,644 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in shares of Union Pacific by 88.5% in the third quarter. Canada Pension Plan Investment Board now owns 3,558,005 shares of the railroad operator’s stock valued at $412,622,000 after acquiring an additional 1,670,095 shares during the last quarter. 78.62% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Co. (NYSE UNP) opened at $124.86 on Friday. Union Pacific Co. has a 12-month low of $101.06 and a 12-month high of $143.05. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 0.97. The company has a market capitalization of $98,290.00, a P/E ratio of 9.24, a PEG ratio of 1.66 and a beta of 0.84.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, January 25th. The railroad operator reported $1.53 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.01). Union Pacific had a net margin of 50.43% and a return on equity of 22.26%. The firm had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.44 billion. During the same period in the previous year, the company posted $1.39 EPS. Union Pacific’s revenue for the quarter was up 5.5% compared to the same quarter last year. sell-side analysts expect that Union Pacific Co. will post 7.4 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Wednesday, February 28th will be given a $0.73 dividend. This is an increase from Union Pacific’s previous quarterly dividend of $0.67. This represents a $2.92 annualized dividend and a dividend yield of 2.34%. Union Pacific’s dividend payout ratio is presently 19.69%.

A number of brokerages have weighed in on UNP. Argus boosted their price target on Union Pacific from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Morgan Stanley boosted their price target on Union Pacific from $105.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. UBS Group lowered their price target on Union Pacific from $164.00 to $162.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. TD Securities lowered their price target on Union Pacific from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. Finally, Seaport Global Securities downgraded Union Pacific from a “buy” rating to a “neutral” rating in a research report on Friday, January 26th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $130.40.

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Union Pacific Company Profile

Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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