Pinnbrook Capital Management LP Invests $4.06 Million in Union Pacific Corporation $UNP

Pinnbrook Capital Management LP acquired a new stake in Union Pacific Corporation (NYSE:UNP) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 17,162 shares of the railroad operator’s stock, valued at approximately $4,057,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Capital World Investors increased its stake in shares of Union Pacific by 193.3% in the third quarter. Capital World Investors now owns 10,481,043 shares of the railroad operator’s stock worth $2,477,404,000 after purchasing an additional 6,908,016 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of Union Pacific by 95.0% during the 3rd quarter. Capital Research Global Investors now owns 8,713,196 shares of the railroad operator’s stock valued at $2,059,538,000 after buying an additional 4,244,226 shares in the last quarter. Norges Bank purchased a new stake in shares of Union Pacific during the 2nd quarter valued at approximately $1,856,340,000. Franklin Resources Inc. boosted its holdings in Union Pacific by 18.9% in the 3rd quarter. Franklin Resources Inc. now owns 7,164,334 shares of the railroad operator’s stock worth $1,693,434,000 after buying an additional 1,139,926 shares during the period. Finally, Invesco Ltd. boosted its holdings in Union Pacific by 21.4% in the 3rd quarter. Invesco Ltd. now owns 6,551,125 shares of the railroad operator’s stock worth $1,548,489,000 after buying an additional 1,154,771 shares during the period. Institutional investors own 80.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on UNP shares. Robert W. Baird set a $311.00 target price on shares of Union Pacific and gave the company an “outperform” rating in a report on Friday, March 6th. Barclays reaffirmed an “overweight” rating and issued a $285.00 price target (up from $270.00) on shares of Union Pacific in a report on Tuesday, December 16th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $267.00 price target on shares of Union Pacific in a research report on Tuesday, January 27th. BMO Capital Markets reiterated a “market perform” rating and set a $295.00 price objective on shares of Union Pacific in a research note on Thursday, February 19th. Finally, Deutsche Bank Aktiengesellschaft set a $245.00 price objective on Union Pacific in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, Union Pacific presently has an average rating of “Moderate Buy” and a consensus target price of $263.77.

Union Pacific Stock Down 0.8%

Shares of NYSE UNP opened at $242.22 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 1.64. The business has a 50-day moving average of $246.47 and a 200-day moving average of $233.74. The firm has a market capitalization of $143.73 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 2.66 and a beta of 0.95. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $268.14.

Union Pacific (NYSE:UNP) last announced its earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The company had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.15 billion. During the same period in the prior year, the business earned $2.91 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. Sell-side analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be given a dividend of $1.38 per share. The ex-dividend date is Friday, February 27th. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. Union Pacific’s dividend payout ratio (DPR) is 46.12%.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.