Union Pacific (NYSE:UNP) issued its earnings results on Thursday. The railroad operator reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.04, MarketWatch Earnings reports. The business had revenue of $5.38 billion during the quarter, compared to the consensus estimate of $5.51 billion. Union Pacific had a return on equity of 27.95% and a net margin of 26.13%. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.68 EPS.

Shares of UNP stock traded up $7.00 during mid-day trading on Thursday, hitting $176.28. 81,083 shares of the company’s stock were exchanged, compared to its average volume of 4,083,694. Union Pacific has a fifty-two week low of $126.37 and a fifty-two week high of $172.44. The company has a quick ratio of 0.74, a current ratio of 0.90 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $121.43 billion, a price-to-earnings ratio of 22.39, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11.

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 28th were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Wednesday, February 27th. This is a boost from Union Pacific’s previous quarterly dividend of $0.80. Union Pacific’s dividend payout ratio is 44.50%.

In other news, EVP Robert M. Knight, Jr. sold 10,000 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $170.01, for a total transaction of $1,700,100.00. Following the sale, the executive vice president now owns 94,943 shares in the company, valued at $16,141,259.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Todd M. Rynaski sold 8,802 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $170.00, for a total value of $1,496,340.00. Following the sale, the vice president now owns 19,731 shares in the company, valued at approximately $3,354,270. The disclosure for this sale can be found here. 0.20% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Martingale Asset Management L P grew its stake in Union Pacific by 27.7% in the third quarter. Martingale Asset Management L P now owns 40,528 shares of the railroad operator’s stock worth $6,600,000 after purchasing an additional 8,800 shares in the last quarter. Vident Investment Advisory LLC boosted its stake in Union Pacific by 27.4% in the third quarter. Vident Investment Advisory LLC now owns 2,330 shares of the railroad operator’s stock valued at $380,000 after acquiring an additional 501 shares during the period. Man Group plc boosted its stake in Union Pacific by 22.2% in the third quarter. Man Group plc now owns 108,457 shares of the railroad operator’s stock valued at $17,660,000 after acquiring an additional 19,694 shares during the period. Koshinski Asset Management Inc. boosted its stake in Union Pacific by 143.8% in the third quarter. Koshinski Asset Management Inc. now owns 11,609 shares of the railroad operator’s stock valued at $1,890,000 after acquiring an additional 6,847 shares during the period. Finally, Bridges Investment Management Inc. boosted its stake in Union Pacific by 0.3% in the third quarter. Bridges Investment Management Inc. now owns 451,374 shares of the railroad operator’s stock valued at $73,498,000 after acquiring an additional 1,472 shares during the period. 79.69% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on UNP. Citigroup increased their target price on Union Pacific from $180.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Zacks Investment Research cut Union Pacific from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th. Loop Capital cut Union Pacific from a “buy” rating to a “hold” rating and lowered their price target for the stock from $193.00 to $182.00 in a report on Tuesday, March 19th. ValuEngine cut Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. Finally, TD Securities upped their price target on Union Pacific from $155.00 to $170.00 and gave the stock a “hold” rating in a report on Friday, January 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $170.16.

Union Pacific announced that its board has initiated a stock repurchase program on Thursday, February 7th that allows the company to buyback 150,000,000 outstanding shares. This buyback authorization allows the railroad operator to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

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Union Pacific Company Profile

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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Earnings History for Union Pacific (NYSE:UNP)

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