Catalyst Capital Advisors LLC boosted its stake in Union Pacific Corporation (NYSE:UNP – Free Report) by 29.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,360 shares of the railroad operator’s stock after purchasing an additional 307 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Union Pacific were worth $313,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. CBIZ Investment Advisory Services LLC raised its stake in Union Pacific by 1,400.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after purchasing an additional 112 shares in the last quarter. Financial Gravity Asset Management Inc. acquired a new position in Union Pacific in the first quarter valued at about $32,000. WPG Advisers LLC bought a new position in Union Pacific in the first quarter valued at about $33,000. Cornerstone Planning Group LLC raised its stake in Union Pacific by 50.5% during the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock worth $37,000 after acquiring an additional 56 shares in the last quarter. Finally, GFG Capital LLC acquired a new position in Union Pacific during the second quarter worth about $38,000. Institutional investors and hedge funds own 80.38% of the company’s stock.
Union Pacific Stock Performance
Union Pacific stock opened at $216.56 on Friday. The business has a 50 day moving average of $224.95 and a 200-day moving average of $224.28. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.75 and a quick ratio of 0.53. The company has a market capitalization of $128.44 billion, a P/E ratio of 18.40, a P/E/G ratio of 2.29 and a beta of 1.07.
Analyst Upgrades and Downgrades
Several research analysts have commented on UNP shares. TD Cowen lowered their target price on Union Pacific from $258.00 to $257.00 and set a “buy” rating for the company in a research note on Friday. Baird R W raised Union Pacific to a “hold” rating in a research note on Tuesday, July 1st. Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a research note on Tuesday, July 15th. Robert W. Baird started coverage on Union Pacific in a research note on Tuesday, July 1st. They set a “neutral” rating and a $231.00 target price for the company. Finally, Barclays downgraded Union Pacific from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $261.63.
Union Pacific Company 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.
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