Sawgrass Asset Management LLC Raises Position in Union Pacific Co. (UNP)

Sawgrass Asset Management LLC increased its holdings in Union Pacific Co. (NYSE:UNP) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 223,565 shares of the railroad operator’s stock after buying an additional 630 shares during the quarter. Sawgrass Asset Management LLC’s holdings in Union Pacific were worth $29,980,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Pathstone Family Office LLC boosted its position in Union Pacific by 41.3% in the 2nd quarter. Pathstone Family Office LLC now owns 178 shares of the railroad operator’s stock worth $2,304,000 after purchasing an additional 52 shares in the last quarter. Acropolis Investment Management LLC purchased a new stake in Union Pacific in the 4th quarter worth approximately $107,000. Exane Derivatives boosted its position in Union Pacific by 55,600.0% in the 4th quarter. Exane Derivatives now owns 1,114 shares of the railroad operator’s stock worth $149,000 after purchasing an additional 1,112 shares in the last quarter. Acrospire Investment Management LLC boosted its position in Union Pacific by 33.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the railroad operator’s stock worth $131,000 after purchasing an additional 300 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Union Pacific in the 4th quarter worth approximately $200,000. Institutional investors own 79.90% of the company’s stock.

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UNP stock opened at $131.94 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.83 and a current ratio of 1.02. The stock has a market capitalization of $107,980.50, a P/E ratio of 9.76, a PEG ratio of 1.71 and a beta of 0.83. Union Pacific Co. has a 52-week low of $101.06 and a 52-week high of $143.05.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, January 25th. The railroad operator reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.01). The firm had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.44 billion. Union Pacific had a net margin of 50.43% and a return on equity of 22.26%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.39 EPS. analysts expect that Union Pacific Co. will post 7.59 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Wednesday, February 28th will be issued a $0.73 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $2.92 dividend on an annualized basis and a yield of 2.21%. This is a positive change from Union Pacific’s previous quarterly dividend of $0.67. Union Pacific’s dividend payout ratio (DPR) is presently 21.60%.

Several equities research analysts have commented on the company. Bank of America upped their price objective on Union Pacific from $150.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, March 15th. Zacks Investment Research lowered Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Cowen restated a “market perform” rating and issued a $139.00 price objective (down previously from $140.00) on shares of Union Pacific in a research report on Wednesday, February 28th. Citigroup upgraded Union Pacific from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 14th. Finally, Argus upped their price objective on Union Pacific from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the company. Union Pacific has a consensus rating of “Hold” and a consensus price target of $133.70.

In other Union Pacific news, CFO Robert M. Knight, Jr. sold 25,000 shares of the firm’s stock in a transaction on Tuesday, March 20th. The stock was sold at an average price of $137.39, for a total value of $3,434,750.00. Following the transaction, the chief financial officer now owns 106,518 shares in the company, valued at approximately $14,634,508.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.20% of the company’s stock.

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Union Pacific Company Profile

Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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