EdgePoint Investment Group Inc. Invests $408.59 Million in Union Pacific Corporation $UNP

EdgePoint Investment Group Inc. bought a new position in Union Pacific Corporation (NYSE:UNP) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,728,614 shares of the railroad operator’s stock, valued at approximately $408,592,000. Union Pacific makes up 3.1% of EdgePoint Investment Group Inc.’s holdings, making the stock its 15th largest position. EdgePoint Investment Group Inc. owned 0.29% of Union Pacific at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caitlin John LLC purchased a new position in Union Pacific during the 3rd quarter valued at approximately $27,000. Howard Hughes Medical Institute bought a new position in shares of Union Pacific during the 2nd quarter valued at approximately $30,000. Financial Gravity Companies Inc. bought a new position in shares of Union Pacific during the 2nd quarter valued at approximately $31,000. Total Investment Management Inc. purchased a new position in shares of Union Pacific in the second quarter valued at $31,000. Finally, Sagard Holdings Management Inc. purchased a new position in shares of Union Pacific in the second quarter valued at $33,000. 80.38% of the stock is owned by institutional investors.

Union Pacific Stock Down 0.8%

NYSE:UNP opened at $242.22 on Friday. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $268.14. The company has a market cap of $143.73 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 2.65 and a beta of 0.95. The stock has a fifty day simple moving average of $246.47 and a 200-day simple moving average of $233.81. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 1.64.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Tuesday, January 27th. The railroad operator reported $2.86 EPS for the quarter, missing the consensus estimate of $2.92 by ($0.06). Union Pacific had a return on equity of 40.89% and a net margin of 29.12%.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 EPS. The company’s quarterly revenue was down .6% on a year-over-year basis. Analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, February 27th. Union Pacific’s dividend payout ratio is currently 46.12%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Royal Bank Of Canada set a $280.00 price target on shares of Union Pacific in a research report on Thursday, December 18th. BMO Capital Markets reissued a “market perform” rating and issued a $295.00 price objective on shares of Union Pacific in a research note on Thursday, February 19th. JPMorgan Chase & Co. dropped their price objective on shares of Union Pacific from $270.00 to $265.00 and set a “neutral” rating for the company in a research note on Wednesday, January 28th. Citigroup restated a “buy” rating and issued a $270.00 target price (up from $265.00) on shares of Union Pacific in a report on Wednesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft set a $245.00 target price on shares of Union Pacific in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $263.77.

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.