Rehmann Capital Advisory Group Has $1.25 Million Position in Union Pacific Co. (UNP)
Rehmann Capital Advisory Group lifted its position in shares of Union Pacific Co. (NYSE:UNP) by 81.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,027 shares of the railroad operator’s stock after acquiring an additional 4,046 shares during the period. Rehmann Capital Advisory Group’s holdings in Union Pacific were worth $1,248,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in UNP. LSV Asset Management bought a new position in Union Pacific during the 3rd quarter worth $1,530,000. Martingale Asset Management L P increased its stake in Union Pacific by 27.7% during the 3rd quarter. Martingale Asset Management L P now owns 40,528 shares of the railroad operator’s stock worth $6,600,000 after acquiring an additional 8,800 shares during the period. Godshalk Welsh Capital Management Inc. bought a new position in Union Pacific during the 3rd quarter worth $220,000. CIBC World Markets Inc. increased its stake in Union Pacific by 1.2% during the 3rd quarter. CIBC World Markets Inc. now owns 148,951 shares of the railroad operator’s stock worth $24,254,000 after acquiring an additional 1,701 shares during the period. Finally, Ontario Teachers Pension Plan Board increased its stake in shares of Union Pacific by 20.1% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 8,939 shares of the railroad operator’s stock valued at $1,456,000 after purchasing an additional 1,499 shares during the last quarter. 79.68% of the stock is owned by institutional investors.
Several equities analysts have recently issued reports on UNP shares. Royal Bank of Canada upgraded Union Pacific from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 8th. ValuEngine lowered Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th. Cowen upgraded Union Pacific from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $153.00 to $178.00 in a research note on Tuesday, January 8th. TD Securities lifted their price target on Union Pacific from $155.00 to $170.00 and gave the company a “hold” rating in a research note on Friday, January 25th. Finally, Credit Suisse Group decreased their price target on Union Pacific from $190.00 to $166.00 and set an “outperform” rating on the stock in a research note on Monday, January 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $168.78.
Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, January 24th. The railroad operator reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.06. The business had revenue of $5.76 billion for the quarter, compared to analyst estimates of $5.73 billion. Union Pacific had a return on equity of 27.95% and a net margin of 26.13%. Union Pacific’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.53 EPS. Equities research analysts expect that Union Pacific Co. will post 9.05 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, February 28th will be given a dividend of $0.88 per share. The ex-dividend date is Wednesday, February 27th. This represents a $3.52 dividend on an annualized basis and a yield of 2.19%. This is a positive change from Union Pacific’s previous quarterly dividend of $0.80. Union Pacific’s payout ratio is currently 44.50%.
Union Pacific announced that its Board of Directors has authorized a share repurchase program on Thursday, February 7th that permits the company to buyback 150,000,000 outstanding shares. This buyback authorization permits the railroad operator to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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