Driehaus Capital Management LLC Acquires Shares of 2,207 Union Pacific Corporation (UNP)

Driehaus Capital Management LLC acquired a new position in shares of Union Pacific Corporation (NYSE:UNP) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,207 shares of the railroad operator’s stock, valued at approximately $234,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Genesee Valley Trust Co. raised its position in shares of Union Pacific Corporation by 21.5% during the first quarter. Genesee Valley Trust Co. now owns 9,725 shares of the railroad operator’s stock worth $1,030,000 after acquiring an additional 1,724 shares during the last quarter. United Bank Inc. raised its position in shares of Union Pacific Corporation by 8.4% during the first quarter. United Bank Inc. now owns 44,499 shares of the railroad operator’s stock worth $4,713,000 after acquiring an additional 3,444 shares during the last quarter. British Columbia Investment Management Corp raised its position in shares of Union Pacific Corporation by 5.9% during the first quarter. British Columbia Investment Management Corp now owns 535,806 shares of the railroad operator’s stock worth $56,753,000 after acquiring an additional 29,645 shares during the last quarter. Wetherby Asset Management Inc. raised its position in shares of Union Pacific Corporation by 1.7% during the first quarter. Wetherby Asset Management Inc. now owns 17,888 shares of the railroad operator’s stock worth $1,895,000 after acquiring an additional 302 shares during the last quarter. Finally, Heritage Trust Co bought a new position in shares of Union Pacific Corporation during the first quarter worth about $318,000. Institutional investors own 78.56% of the company’s stock.

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A number of equities analysts have recently issued reports on the company. Stifel Nicolaus restated a “hold” rating and set a $118.00 price objective (up from $112.00) on shares of Union Pacific Corporation in a research report on Monday, July 24th. BidaskClub upgraded Union Pacific Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, August 18th. Zacks Investment Research downgraded Union Pacific Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Citigroup Inc. restated a “buy” rating and set a $120.00 price objective on shares of Union Pacific Corporation in a research report on Monday, July 10th. Finally, Wolfe Research downgraded Union Pacific Corporation from an “outperform” rating to a “market perform” rating in a research report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $113.22.

In related news, EVP Cameron A. Scott sold 17,604 shares of Union Pacific Corporation stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $107.60, for a total value of $1,894,190.40. Following the completion of the transaction, the executive vice president now owns 95,470 shares in the company, valued at $10,272,572. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.20% of the company’s stock.

Shares of Union Pacific Corporation (NYSE:UNP) traded up 0.41% during midday trading on Monday, reaching $107.65. The company’s stock had a trading volume of 1,034,053 shares. The stock has a 50-day moving average price of $104.14 and a 200-day moving average price of $107.23. The stock has a market cap of $86.16 billion, a price-to-earnings ratio of 19.52 and a beta of 0.81. Union Pacific Corporation has a 52-week low of $87.06 and a 52-week high of $115.15.

Union Pacific Corporation (NYSE:UNP) last released its quarterly earnings results on Thursday, July 20th. The railroad operator reported $1.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.06. The company had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.19 billion. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the business posted $1.17 earnings per share. Equities research analysts anticipate that Union Pacific Corporation will post $5.79 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be given a $0.605 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $2.42 annualized dividend and a yield of 2.26%. Union Pacific Corporation’s dividend payout ratio is currently 43.84%.

Union Pacific Corporation Profile

Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.

Institutional Ownership by Quarter for Union Pacific Corporation (NYSE:UNP)

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