Clear Harbor Asset Management LLC Trims Stake in Union Pacific Co. (NYSE:UNP)

Clear Harbor Asset Management LLC decreased its position in shares of Union Pacific Co. (NYSE:UNP) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,253 shares of the railroad operator’s stock after selling 137 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Union Pacific were worth $5,957,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC increased its holdings in Union Pacific by 90,390.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 13,697,556 shares of the railroad operator’s stock valued at $2,836,353,000 after buying an additional 13,682,419 shares in the last quarter. Norges Bank purchased a new position in shares of Union Pacific in the 4th quarter valued at about $1,276,498,000. Clearbridge Investments LLC raised its holdings in Union Pacific by 108.9% in the 3rd quarter. Clearbridge Investments LLC now owns 4,128,575 shares of the railroad operator’s stock worth $840,702,000 after purchasing an additional 2,151,893 shares during the period. FMR LLC grew its holdings in Union Pacific by 62.8% in the third quarter. FMR LLC now owns 5,496,708 shares of the railroad operator’s stock valued at $1,119,295,000 after purchasing an additional 2,119,382 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Union Pacific by 638.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,014,327 shares of the railroad operator’s stock valued at $550,334,000 after buying an additional 1,741,490 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UNP has been the topic of a number of research analyst reports. StockNews.com cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Monday, March 18th. Sanford C. Bernstein raised shares of Union Pacific from a “market perform” rating to an “outperform” rating and set a $280.00 target price for the company in a research note on Monday, January 22nd. Royal Bank of Canada lowered their price objective on Union Pacific from $282.00 to $272.00 and set an “outperform” rating on the stock in a report on Friday, January 26th. TD Cowen increased their target price on Union Pacific from $228.00 to $251.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Finally, Susquehanna lifted their price target on Union Pacific from $245.00 to $255.00 and gave the stock a “neutral” rating in a research note on Thursday. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Union Pacific has an average rating of “Moderate Buy” and an average target price of $251.33.

Union Pacific Trading Up 0.5 %

UNP stock traded up $1.30 during trading on Thursday, reaching $245.93. 2,262,378 shares of the stock were exchanged, compared to its average volume of 2,366,143. The company has a current ratio of 0.81, a quick ratio of 0.67 and a debt-to-equity ratio of 2.11. The firm has a market capitalization of $149.96 billion, a price-to-earnings ratio of 23.53, a P/E/G ratio of 2.62 and a beta of 1.07. The business has a 50 day moving average price of $247.65 and a 200-day moving average price of $230.50. Union Pacific Co. has a 1 year low of $190.37 and a 1 year high of $258.66.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, January 25th. The railroad operator reported $2.71 EPS for the quarter, beating the consensus estimate of $2.56 by $0.15. The firm had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.05 billion. Union Pacific had a net margin of 26.45% and a return on equity of 46.87%. The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.67 EPS. On average, research analysts predict that Union Pacific Co. will post 10.94 earnings per share for the current year.

Union Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Thursday, February 29th will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Wednesday, February 28th. Union Pacific’s dividend payout ratio (DPR) is presently 49.71%.

Insider Transactions at Union Pacific

In other Union Pacific news, President Elizabeth F. Whited sold 3,750 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $250.00, for a total value of $937,500.00. Following the transaction, the president now owns 56,682 shares of the company’s stock, valued at $14,170,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.28% of the company’s stock.

Union Pacific 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.