Trexquant Investment LP Acquires New Holdings in Union Pacific Corporation (UNP)
Trexquant Investment LP acquired a new position in Union Pacific Corporation (NYSE:UNP) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,300 shares of the railroad operator’s stock, valued at approximately $1,340,000. Union Pacific Corporation accounts for 0.4% of Trexquant Investment LP’s holdings, making the stock its 27th largest holding.
A number of other institutional investors and hedge funds also recently modified their holdings of UNP. AQR Capital Management LLC lifted its holdings in Union Pacific Corporation by 212.5% in the first quarter. AQR Capital Management LLC now owns 2,387,750 shares of the railroad operator’s stock worth $252,911,000 after buying an additional 1,623,701 shares during the period. American Century Companies Inc. lifted its holdings in Union Pacific Corporation by 102.4% in the first quarter. American Century Companies Inc. now owns 2,450,688 shares of the railroad operator’s stock worth $259,577,000 after buying an additional 1,239,636 shares during the period. Harbour Capital Advisors LLC lifted its holdings in Union Pacific Corporation by 11,520.3% in the second quarter. Harbour Capital Advisors LLC now owns 1,127,981 shares of the railroad operator’s stock worth $10,357,000 after buying an additional 1,118,274 shares during the period. Prudential Financial Inc. lifted its holdings in Union Pacific Corporation by 82.9% in the first quarter. Prudential Financial Inc. now owns 2,223,820 shares of the railroad operator’s stock worth $235,547,000 after buying an additional 1,007,720 shares during the period. Finally, OMERS ADMINISTRATION Corp purchased a new stake in Union Pacific Corporation in the first quarter worth about $92,495,000. Institutional investors and hedge funds own 78.37% of the company’s stock.
Shares of Union Pacific Corporation (NYSE UNP) opened at 112.28 on Friday. The company has a market cap of $89.87 billion, a P/E ratio of 20.36 and a beta of 0.84. The company’s 50 day moving average is $111.14 and its 200 day moving average is $108.49. Union Pacific Corporation has a 12 month low of $87.06 and a 12 month high of $116.93.
Union Pacific Corporation (NYSE:UNP) last released its quarterly earnings data on Thursday, July 20th. The railroad operator reported $1.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.06. The firm had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.19 billion. Union Pacific Corporation had a net margin of 21.79% and a return on equity of 22.70%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.17 earnings per share. On average, equities research analysts predict that Union Pacific Corporation will post $5.76 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, August 31st were paid a $0.605 dividend. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $2.42 dividend on an annualized basis and a dividend yield of 2.16%. Union Pacific Corporation’s payout ratio is currently 43.84%.
Several analysts have commented on UNP shares. Stifel Nicolaus restated a “hold” rating and issued a $118.00 price objective (up from $112.00) on shares of Union Pacific Corporation in a report on Monday, July 24th. BidaskClub lowered shares of Union Pacific Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded shares of Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a report on Thursday, July 13th. Morgan Stanley lowered shares of Union Pacific Corporation from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $102.00 to $100.00 in a report on Monday, October 2nd. Finally, Deutsche Bank AG lowered shares of Union Pacific Corporation from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $132.00 to $110.00 in a report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $113.36.
Union Pacific Corporation 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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