Connor Clark & Lunn Investment Management Ltd. Purchases Shares of 965,121 Union Pacific Corporation $UNP

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Union Pacific Corporation (NYSE:UNP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 965,121 shares of the railroad operator’s stock, valued at approximately $262,513,000. Connor Clark & Lunn Investment Management Ltd. owned 0.16% of Union Pacific as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in UNP. Rachor Investment Advisory Services LLC acquired a new position in Union Pacific in the fourth quarter valued at $25,000. Tucker Asset Management LLC acquired a new stake in Union Pacific in the 4th quarter worth about $25,000. SWAN Capital LLC boosted its stake in Union Pacific by 2,575.0% in the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after buying an additional 103 shares during the last quarter. High Point Wealth Management LLC purchased a new stake in Union Pacific in the 4th quarter valued at about $26,000. Finally, Cornerstone Financial Management LLC purchased a new stake in Union Pacific in the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Performance

Union Pacific stock opened at $307.97 on Monday. The stock’s 50-day moving average is $286.30 and its 200-day moving average is $267.83. The company has a market cap of $182.96 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 3.14 and a beta of 0.96. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.82. Union Pacific Corporation has a 12 month low of $210.84 and a 12 month high of $315.99.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.15. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The business had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.72 billion. During the same period in the previous year, the company posted $3.03 EPS. The company’s revenue was up 11.5% compared to the same quarter last year. Equities analysts anticipate that Union Pacific Corporation will post 12.93 earnings per share for the current year.

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 1.8%. This is a positive change from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, August 31st. Union Pacific’s dividend payout ratio is presently 44.70%.

Insider Transactions at Union Pacific

In other news, EVP Eric J. Gehringer sold 2,991 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total value of $789,504.36. Following the transaction, the executive vice president owned 43,012 shares of the company’s stock, valued at approximately $11,353,447.52. This trade represents a 6.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.22% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on UNP shares. Bank of America upped their price objective on shares of Union Pacific from $301.00 to $334.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Robert W. Baird boosted their target price on shares of Union Pacific from $311.00 to $344.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Citizens Jmp initiated coverage on shares of Union Pacific in a research report on Wednesday, July 15th. They set an “outperform” rating and a $350.00 price target for the company. Citigroup increased their price target on shares of Union Pacific from $326.00 to $349.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Finally, Evercore reiterated an “outperform” rating and issued a $294.00 price target on shares of Union Pacific in a report on Thursday, June 25th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $320.89.

About Union Pacific

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.