Pegasus Partners Ltd. Grows Stock Position in Union Pacific Co. (NYSE:UNP)

Pegasus Partners Ltd. increased its holdings in Union Pacific Co. (NYSE:UNP) by 33.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,274 shares of the railroad operator’s stock after acquiring an additional 318 shares during the quarter. Pegasus Partners Ltd.’s holdings in Union Pacific were worth $314,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Forum Financial Management LP increased its stake in shares of Union Pacific by 0.6% in the 1st quarter. Forum Financial Management LP now owns 7,037 shares of the railroad operator’s stock worth $1,731,000 after purchasing an additional 41 shares in the last quarter. Fairhaven Wealth Management LLC increased its position in Union Pacific by 1.7% in the second quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator’s stock worth $584,000 after buying an additional 43 shares in the last quarter. Chesapeake Wealth Management raised its stake in shares of Union Pacific by 0.5% in the second quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock worth $1,856,000 after buying an additional 43 shares during the period. Fortis Capital Advisors LLC grew its stake in shares of Union Pacific by 5.0% during the 1st quarter. Fortis Capital Advisors LLC now owns 916 shares of the railroad operator’s stock valued at $225,000 after acquiring an additional 44 shares during the period. Finally, Azzad Asset Management Inc. ADV increased its holdings in Union Pacific by 0.5% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 8,384 shares of the railroad operator’s stock worth $1,897,000 after acquiring an additional 44 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on UNP shares. Daiwa America cut shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Sanford C. Bernstein cut their price target on Union Pacific from $277.00 to $272.00 and set an “outperform” rating for the company in a research note on Wednesday, October 9th. Susquehanna lowered their price objective on Union Pacific from $260.00 to $255.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. TD Cowen decreased their target price on Union Pacific from $255.00 to $252.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, Bank of America dropped their price target on Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $259.15.

Union Pacific Stock Down 0.4 %

Shares of NYSE UNP opened at $241.49 on Friday. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63. The firm has a 50-day simple moving average of $243.38 and a two-hundred day simple moving average of $238.61. Union Pacific Co. has a 1 year low of $208.14 and a 1 year high of $258.66. The company has a market cap of $146.41 billion, a P/E ratio of 22.18, a PEG ratio of 2.46 and a beta of 1.06.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.78 by ($0.03). The business 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 41.79% and a net margin of 27.33%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.51 earnings per share. Research analysts anticipate that Union Pacific Co. will post 10.94 earnings per share for the current year.

Union Pacific 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.