23,405 Union Pacific Corporation $UNP Shares Purchased by Retirement Systems of Alabama

Retirement Systems of Alabama increased its stake in Union Pacific Corporation (NYSE:UNP) by 7.4% in the third quarter, Holdings Channel reports. The institutional investor owned 339,343 shares of the railroad operator’s stock after acquiring an additional 23,405 shares during the period. Retirement Systems of Alabama’s holdings in Union Pacific were worth $92,345,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of Union Pacific by 4.9% in the 2nd quarter. State Street Corp now owns 27,890,598 shares of the railroad operator’s stock worth $7,586,243,000 after acquiring an additional 1,302,732 shares during the last quarter. Bank of America Corp DE grew its holdings in Union Pacific by 0.4% during the 2nd quarter. Bank of America Corp DE now owns 14,527,563 shares of the railroad operator’s stock valued at $3,951,497,000 after purchasing an additional 64,492 shares during the last quarter. Legal & General Group Plc bought a new position in Union Pacific during the 2nd quarter valued at about $1,193,135,000. Royal Bank of Canada grew its holdings in Union Pacific by 0.5% during the 1st quarter. Royal Bank of Canada now owns 4,617,313 shares of the railroad operator’s stock valued at $1,120,251,000 after purchasing an additional 23,698 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in Union Pacific in the 2nd quarter worth about $1,094,677,000. 80.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Evercore decreased their price objective on shares of Union Pacific from $329.00 to $322.00 and set an “outperform” rating for the company in a research note on Wednesday, October 28th. Weiss Ratings raised Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 9th. Barclays reiterated an “overweight” rating and issued a $350.00 price target (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. UBS Group reissued a “buy” rating and set a $339.00 price target (up from $310.00) on shares of Union Pacific in a research note on Friday, October 23rd. Finally, TD Cowen reissued a “buy” rating and set a $328.00 price target (up from $325.00) on shares of Union Pacific in a research note on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $325.09.

Union Pacific Trading Up 2.3%

NYSE UNP opened at $296.81 on Tuesday. The stock has a market cap of $176.38 billion, a PE ratio of 23.13, a PEG ratio of 3.05 and a beta of 0.84. Union Pacific Corporation has a 12 month low of $219.89 and a 12 month high of $315.99. The company’s 50-day moving average price is $286.50 and its 200-day moving average price is $272.24. The company has a current ratio of 1.16, a quick ratio of 0.99 and a debt-to-equity ratio of 1.32.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, October 22nd. The railroad operator reported $3.53 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $0.06. The company had revenue of $7.20 billion during the quarter, compared to analyst estimates of $7.16 billion. Union Pacific had a net margin of 28.90% and a return on equity of 37.54%. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter last year, the business posted $3.08 EPS. Equities research analysts forecast that Union Pacific Corporation will post 13.13 earnings per share for the current year.

Union Pacific Company Profile

Union Pacific Corporation operates one of the largest freight rail networks in the United States through its subsidiary, Union Pacific Railroad. Its network serves 23 states across the western two-thirds of the country and connects with other railroads, ports and border crossings, including routes to Mexico and Canada.

The company transports a broad range of goods, including agricultural products, industrial materials, coal and energy products, and consumer merchandise. Its services support industries such as manufacturing, construction, agriculture, automotive and retail, with intermodal transportation combining rail with truck and shipping services.

Union Pacific traces its history to the Pacific Railway Act of 1862 and played a central role in building the first transcontinental railroad, completed in 1869.