Sawgrass Asset Management LLC Boosts Position in Union Pacific Co. (UNP)
Sawgrass Asset Management LLC increased its position in shares of Union Pacific Co. (NYSE:UNP) by 31.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 222,935 shares of the railroad operator’s stock after buying an additional 52,765 shares during the quarter. Sawgrass Asset Management LLC’s holdings in Union Pacific were worth $25,854,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of UNP. Country Club Trust Company n.a. raised its stake in shares of Union Pacific by 42.3% in the second quarter. Country Club Trust Company n.a. now owns 18,110 shares of the railroad operator’s stock worth $1,973,000 after purchasing an additional 5,386 shares during the last quarter. Koshinski Asset Management Inc. bought a new position in shares of Union Pacific in the second quarter valued at approximately $353,000. Dynamic Advisors Solutions LLC grew its holdings in shares of Union Pacific by 2.0% in the second quarter. Dynamic Advisors Solutions LLC now owns 13,438 shares of the railroad operator’s stock valued at $1,464,000 after acquiring an additional 267 shares in the last quarter. Atria Investments LLC grew its holdings in shares of Union Pacific by 21.7% in the second quarter. Atria Investments LLC now owns 15,673 shares of the railroad operator’s stock valued at $1,707,000 after acquiring an additional 2,793 shares in the last quarter. Finally, Private Trust Co. NA grew its holdings in shares of Union Pacific by 5.4% in the second quarter. Private Trust Co. NA now owns 7,560 shares of the railroad operator’s stock valued at $823,000 after acquiring an additional 384 shares in the last quarter. 78.47% of the stock is currently owned by institutional investors and hedge funds.
Union Pacific Co. (NYSE UNP) opened at $140.46 on Thursday. Union Pacific Co. has a twelve month low of $101.06 and a twelve month high of $142.19. The firm has a market capitalization of $110,570.00, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 1.89 and a beta of 0.90. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 0.83.
Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, October 26th. The railroad operator reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.01. Union Pacific had a return on equity of 23.35% and a net margin of 21.84%. The business had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.32 billion. During the same period in the prior year, the company earned $1.36 earnings per share. Union Pacific’s revenue was up 4.5% compared to the same quarter last year. equities research analysts predict that Union Pacific Co. will post 5.79 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th were issued a $0.665 dividend. This is a positive change from Union Pacific’s previous quarterly dividend of $0.61. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Wednesday, November 29th. Union Pacific’s dividend payout ratio (DPR) is presently 47.08%.
Several equities analysts have recently issued reports on UNP shares. Barclays reaffirmed a “buy” rating and issued a $150.00 target price on shares of Union Pacific in a report on Wednesday, December 13th. Argus upped their target price on Union Pacific from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. Scotiabank set a $150.00 target price on Union Pacific and gave the company a “hold” rating in a report on Thursday, January 11th. BMO Capital Markets reaffirmed a “buy” rating on shares of Union Pacific in a report on Friday, October 20th. Finally, Morgan Stanley lowered Union Pacific from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $102.00 to $100.00 in a report on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the stock. Union Pacific has a consensus rating of “Hold” and a consensus target price of $124.00.
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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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