Mesirow Financial Investment Management Inc. Trims Stake in Union Pacific Co. (NYSE:UNP)

Mesirow Financial Investment Management Inc. cut its position in shares of Union Pacific Co. (NYSE:UNP) by 0.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 131,796 shares of the railroad operator’s stock after selling 485 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Union Pacific were worth $32,485,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Shellback Capital LP boosted its stake in shares of Union Pacific by 28.2% during the second quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock valued at $4,525,000 after purchasing an additional 4,400 shares during the period. Peoples Bank KS purchased a new stake in Union Pacific in the 3rd quarter valued at about $834,000. Maj Invest Holding A S grew its stake in 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 acquiring an additional 2,202 shares in the last quarter. M&G Plc purchased a new position in shares of Union Pacific during the first quarter worth approximately $10,378,000. Finally, Radnor Capital Management LLC bought a new stake in shares of Union Pacific during the third quarter valued at approximately $2,923,000. 80.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on UNP. TD Cowen dropped their price objective 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. Evercore ISI lowered Union Pacific from an “outperform” rating to an “inline” rating and cut their price target for the company from $254.00 to $247.00 in a research note on Wednesday, September 25th. Raymond James upped their price objective on shares of Union Pacific from $265.00 to $275.00 and gave the stock a “strong-buy” rating in a research note on Monday, October 14th. Benchmark reiterated a “buy” rating and set a $266.00 target price on shares of Union Pacific in a report on Friday, October 25th. Finally, Robert W. Baird reduced their price target on shares of Union Pacific from $270.00 to $260.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $259.15.

Union Pacific Trading Down 0.4 %

Union Pacific stock opened at $241.49 on Friday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77. The stock has a market cap of $146.41 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 2.39 and a beta of 1.06. The stock has a 50-day moving average of $243.38 and a two-hundred day moving average of $238.61. Union Pacific Co. has a one year low of $208.14 and a one year high of $258.66.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). The company had revenue of $6.09 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business earned $2.51 earnings per share. On average, research analysts anticipate that Union Pacific Co. will post 10.94 EPS for the current fiscal 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.