Exchange Traded Concepts LLC Buys 418 Shares of Union Pacific Co. (NYSE:UNP)

Exchange Traded Concepts LLC increased its position in shares of Union Pacific Co. (NYSE:UNP) by 1,306.3% during the 3rd quarter, Holdings Channel reports. The fund owned 450 shares of the railroad operator’s stock after buying an additional 418 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Union Pacific were worth $111,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. BNP Paribas acquired a new stake in Union Pacific during the 1st quarter worth approximately $1,088,000. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Union Pacific by 19.0% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 126,369 shares of the railroad operator’s stock valued at $31,078,000 after purchasing an additional 20,173 shares in the last quarter. Shellback Capital LP boosted its position 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 worth $4,525,000 after buying an additional 4,400 shares during the period. Peoples Bank KS bought a new position in shares of Union Pacific during the third quarter worth about $834,000. Finally, Maj Invest Holding A S lifted 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 valued at $166,645,000 after acquiring an additional 2,202 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

UNP has been the topic of several analyst reports. Benchmark reissued a “buy” rating and set a $266.00 price target on shares of Union Pacific in a research report on Monday, July 29th. Stifel Nicolaus dropped their target price on Union Pacific from $267.00 to $265.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Susquehanna raised their price target on Union Pacific from $250.00 to $260.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Daiwa America cut Union Pacific from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, Evercore ISI downgraded Union Pacific from an “outperform” rating to an “inline” rating and cut their price objective for the company from $254.00 to $247.00 in a report on Wednesday, September 25th. Nine equities research 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $260.53.

Union Pacific Price Performance

NYSE:UNP opened at $241.46 on Wednesday. Union Pacific Co. has a 52 week low of $199.97 and a 52 week high of $258.66. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 1.05. The firm’s 50-day simple moving average is $246.56 and its 200 day simple moving average is $238.58. The firm has a market cap of $147.10 billion, a price-to-earnings ratio of 22.67, a P/E/G ratio of 2.26 and a beta of 1.05.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, topping the consensus estimate of $2.71 by $0.03. The company had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $6.05 billion. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the firm earned $2.57 earnings per share. As a group, sell-side analysts predict that Union Pacific Co. will post 11.07 earnings per share for the current year.

Insiders Place Their Bets

In other news, President Elizabeth F. Whited sold 3,552 shares of Union Pacific stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total value of $875,887.68. Following the transaction, the president now owns 64,945 shares in the company, valued at approximately $16,014,787.55. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.28% of the company’s stock.

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.