Westpac Banking Corp Purchases New Holdings in Union Pacific Corporation $UNP

Westpac Banking Corp purchased a new stake in Union Pacific Corporation (NYSE:UNP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 524 shares of the railroad operator’s stock, valued at approximately $121,000.

Other institutional investors also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC lifted its position 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 worth $28,000 after purchasing an additional 112 shares during the period. Financial Gravity Companies Inc. bought a new stake in Union Pacific in the 2nd quarter valued at $31,000. Access Investment Management LLC acquired a new position in shares of Union Pacific in the 2nd quarter valued at $32,000. WPG Advisers LLC acquired a new position in shares of Union Pacific in the 1st quarter valued at $33,000. Finally, GFG Capital LLC bought a new position in shares of Union Pacific during the 2nd quarter worth about $38,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Loop Capital raised shares of Union Pacific from a “sell” rating to a “hold” rating and upped their target price for the company from $214.00 to $227.00 in a research note on Tuesday, September 16th. Barclays lowered Union Pacific from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 30th. Argus cut Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, August 12th. Susquehanna reaffirmed a “positive” rating and issued a $272.00 price target (up previously from $257.00) on shares of Union Pacific in a research note on Thursday, September 25th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Union Pacific in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $261.63.

Union Pacific Stock Performance

UNP stock opened at $221.25 on Tuesday. The company has a 50 day moving average price of $224.26 and a 200 day moving average price of $224.77. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week 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 0.60. The stock has a market capitalization of $131.24 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 2.27 and a beta of 1.04.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, beating the consensus estimate of $2.99 by $0.09. The company had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6.24 billion. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the firm earned $2.75 EPS. Analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific 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.