Union Pacific Co. (NYSE:UNP) Shares Purchased by Schear Investment Advisers LLC

Schear Investment Advisers LLC boosted its stake in Union Pacific Co. (NYSE:UNP) by 8.7% in the 3rd quarter, Holdings Channel reports. The firm owned 7,372 shares of the railroad operator’s stock after purchasing an additional 587 shares during the period. Union Pacific comprises about 1.1% of Schear Investment Advisers LLC’s portfolio, making the stock its 27th largest holding. Schear Investment Advisers LLC’s holdings in Union Pacific were worth $1,817,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. boosted its position in Union Pacific by 1.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator’s stock valued at $1,880,701,000 after buying an additional 106,996 shares during the period. Capital Research Global Investors boosted its position in Union Pacific by 7.6% in the 1st quarter. Capital Research Global Investors now owns 7,370,752 shares of the railroad operator’s stock valued at $1,812,689,000 after buying an additional 518,985 shares during the period. Legal & General Group Plc boosted its position in Union Pacific by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 5,970,669 shares of the railroad operator’s stock valued at $1,350,924,000 after buying an additional 124,571 shares during the period. Clearbridge Investments LLC boosted its position in Union Pacific by 5.7% in the 1st quarter. Clearbridge Investments LLC now owns 4,396,974 shares of the railroad operator’s stock valued at $1,081,348,000 after buying an additional 237,083 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in Union Pacific by 8.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,218,730 shares of the railroad operator’s stock valued at $954,530,000 after buying an additional 322,129 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

UNP has been the subject of several recent research reports. Bank of America decreased their price target on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Benchmark reaffirmed a “buy” rating and set a $266.00 price objective on shares of Union Pacific in a research report on Friday, October 25th. JPMorgan Chase & Co. decreased their price objective on shares of Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Royal Bank of Canada decreased their price objective on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, Susquehanna decreased their price objective on shares of Union Pacific from $260.00 to $255.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Nine 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $259.80.

Union Pacific Stock Performance

NYSE UNP opened at $235.57 on Friday. The business’s 50-day moving average price is $241.86 and its 200 day moving average price is $238.59. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79. The firm has a market cap of $142.82 billion, a P/E ratio of 21.63, a P/E/G ratio of 2.33 and a beta of 1.06. Union Pacific Co. has a 52-week low of $216.79 and a 52-week high of $258.66.

Union Pacific (NYSE:UNP) last announced 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). Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The company had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.14 billion. During the same quarter last year, the business posted $2.51 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities research analysts expect that Union Pacific Co. will post 10.94 earnings per share for the current year.

About Union Pacific

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.