Harbour Trust & Investment Management Co Sells 54 Shares of Union Pacific Co. (NYSE:UNP)

Harbour Trust & Investment Management Co cut its position in shares of Union Pacific Co. (NYSE:UNP) by 5.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 885 shares of the railroad operator’s stock after selling 54 shares during the period. Harbour Trust & Investment Management Co’s holdings in Union Pacific were worth $218,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas bought a new stake in shares of Union Pacific during the 1st quarter valued at $1,088,000. Envestnet Portfolio Solutions Inc. boosted its stake in Union Pacific by 19.0% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 126,369 shares of the railroad operator’s stock worth $31,078,000 after acquiring an additional 20,173 shares in the last quarter. Shellback Capital LP grew its holdings in Union Pacific by 28.2% in the second quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock worth $4,525,000 after purchasing an additional 4,400 shares during the period. Peoples Bank KS purchased a new position in shares of Union Pacific during the third quarter valued at approximately $834,000. Finally, Maj Invest Holding A S grew its stake in shares of Union Pacific by 0.3% in the 3rd quarter. Maj Invest Holding A S now owns 676,098 shares of the railroad operator’s stock worth $166,645,000 after buying an additional 2,202 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Union Pacific

In related news, President Elizabeth F. Whited sold 3,552 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total transaction of $875,887.68. Following the completion of the transaction, the president now directly owns 64,945 shares of the company’s stock, valued at approximately $16,014,787.55. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Sanford C. Bernstein cut their target price on Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 9th. Benchmark reissued a “buy” rating and set a $266.00 price objective on shares of Union Pacific in a research report on Monday, July 29th. Citigroup began coverage on shares of Union Pacific in a report on Wednesday, October 9th. They issued a “neutral” rating and a $264.00 target price for the company. Stifel Nicolaus reduced their price target on shares of Union Pacific from $267.00 to $265.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Finally, Barclays lowered their price objective on Union Pacific from $290.00 to $280.00 and set an “overweight” rating on the stock in a research report on Friday, July 26th. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $260.53.

Union Pacific Stock Down 4.4 %

NYSE UNP opened at $230.75 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89. Union Pacific Co. has a 12 month low of $199.97 and a 12 month high of $258.66. The stock’s 50 day moving average is $246.57 and its 200 day moving average is $238.60. The stock has a market cap of $140.57 billion, a PE ratio of 21.67, a P/E/G ratio of 2.23 and a beta of 1.05.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.76 by ($0.01). The company had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.14 billion. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. Union Pacific’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.51 EPS. Research analysts predict that Union Pacific Co. will post 11.07 EPS for the current fiscal year.

Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.