Kayne Anderson Rudnick Investment Management LLC Has $13.09 Million Position in Union Pacific Corporation (NYSE:UNP)

Kayne Anderson Rudnick Investment Management LLC cut its stake in shares of Union Pacific Corporation (NYSE:UNP) by 2.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 123,575 shares of the railroad operator’s stock after selling 3,319 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in Union Pacific Corporation were worth $13,089,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the stock. Blue Chip Partners Inc. raised its position in Union Pacific Corporation by 9.1% in the first quarter. Blue Chip Partners Inc. now owns 8,420 shares of the railroad operator’s stock valued at $892,000 after buying an additional 699 shares in the last quarter. State of Tennessee Treasury Department raised its position in Union Pacific Corporation by 1.8% in the first quarter. State of Tennessee Treasury Department now owns 555,084 shares of the railroad operator’s stock valued at $58,795,000 after buying an additional 9,583 shares in the last quarter. Summit Asset Management LLC raised its position in Union Pacific Corporation by 0.3% in the first quarter. Summit Asset Management LLC now owns 7,206 shares of the railroad operator’s stock valued at $763,000 after buying an additional 19 shares in the last quarter. Jaffetilchin Investment Partners LLC purchased a new position in Union Pacific Corporation during the first quarter valued at $213,000. Finally, Hodges Capital Management Inc. raised its position in Union Pacific Corporation by 1.1% in the first quarter. Hodges Capital Management Inc. now owns 12,281 shares of the railroad operator’s stock valued at $1,301,000 after buying an additional 132 shares in the last quarter. Institutional investors own 79.94% of the company’s stock.

Union Pacific Corporation (NYSE:UNP) traded up 0.70% on Friday, hitting $103.90. The stock had a trading volume of 3,243,552 shares. The company has a market capitalization of $83.16 billion, a PE ratio of 18.84 and a beta of 0.81. Union Pacific Corporation has a 12-month low of $87.06 and a 12-month high of $115.15. The company has a 50 day moving average of $105.52 and a 200 day moving average of $107.56.

Union Pacific Corporation (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 20th. The railroad operator reported $1.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.06. The business had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.19 billion. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. Union Pacific Corporation’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.17 earnings per share. On average, equities analysts expect that Union Pacific Corporation will post $5.79 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be issued a $0.605 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $2.42 dividend on an annualized basis and a yield of 2.33%. Union Pacific Corporation’s payout ratio is 43.84%.

TRADEMARK VIOLATION NOTICE: “Kayne Anderson Rudnick Investment Management LLC Has $13.09 Million Position in Union Pacific Corporation (NYSE:UNP)” was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright laws. The original version of this piece can be accessed at https://www.com-unik.info/2017/08/19/kayne-anderson-rudnick-investment-management-llc-has-13-09-million-stake-in-union-pacific-corporation-nyseunp-updated-updated.html.

Several equities analysts recently commented on UNP shares. Stifel Nicolaus boosted their price target on Union Pacific Corporation from $118.00 to $120.00 and gave the stock a “hold” rating in a research report on Friday. BidaskClub raised Union Pacific Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday. BMO Capital Markets reaffirmed a “buy” rating and issued a $123.00 target price on shares of Union Pacific Corporation in a research report on Friday, August 11th. Wolfe Research downgraded Union Pacific Corporation from an “outperform” rating to a “market perform” rating in a report on Monday, August 7th. Finally, Zacks Investment Research downgraded Union Pacific Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $112.21.

In related news, EVP Cameron A. Scott sold 17,604 shares of the stock in a transaction on Friday, July 7th. The stock was sold at an average price of $107.60, for a total value of $1,894,190.40. Following the completion of the sale, the executive vice president now directly owns 95,470 shares in the company, valued at $10,272,572. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.20% of the company’s stock.

About Union Pacific Corporation

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.

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

What are top analysts saying about Union Pacific Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Union Pacific Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit