Arrowstreet Capital Limited Partnership Has $793.03 Million Holdings in Union Pacific Corporation $UNP

Arrowstreet Capital Limited Partnership raised its stake in shares of Union Pacific Corporation (NYSE:UNP) by 6.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 3,355,042 shares of the railroad operator’s stock after purchasing an additional 203,000 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.57% of Union Pacific worth $793,031,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital World Investors raised its stake in shares of Union Pacific by 193.3% in the third quarter. Capital World Investors now owns 10,481,043 shares of the railroad operator’s stock worth $2,477,404,000 after purchasing an additional 6,908,016 shares during the last quarter. Capital Research Global Investors boosted its holdings in Union Pacific by 95.0% during the 3rd quarter. Capital Research Global Investors now owns 8,713,196 shares of the railroad operator’s stock worth $2,059,538,000 after acquiring an additional 4,244,226 shares during the last quarter. Norges Bank bought a new position in shares of Union Pacific during the second quarter valued at about $1,856,340,000. Franklin Resources Inc. grew its position in Union Pacific by 18.9% in the 3rd quarter. Franklin Resources Inc. now owns 7,164,334 shares of the railroad operator’s stock worth $1,693,434,000 after purchasing an additional 1,139,926 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Union Pacific by 21.4% in the 3rd quarter. Invesco Ltd. now owns 6,551,125 shares of the railroad operator’s stock valued at $1,548,489,000 after buying an additional 1,154,771 shares during the last quarter. 80.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on UNP shares. Royal Bank Of Canada set a $280.00 target price on Union Pacific in a research note on Thursday, December 18th. Robert W. Baird set a $311.00 price target on Union Pacific and gave the company an “outperform” rating in a research report on Friday, March 6th. TD Cowen dropped their price target on Union Pacific from $257.00 to $255.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. JPMorgan Chase & Co. cut their price objective on Union Pacific from $270.00 to $265.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 28th. Finally, Susquehanna restated a “buy” rating on shares of Union Pacific in a research note on Monday, January 19th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Union Pacific presently has an average rating of “Moderate Buy” and an average target price of $263.77.

Union Pacific Trading Down 2.8%

Shares of UNP stock opened at $243.96 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 1.64. The firm has a market cap of $144.77 billion, a P/E ratio of 20.38, a PEG ratio of 2.74 and a beta of 0.95. The company has a 50 day moving average of $246.26 and a 200-day moving average of $233.60. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $268.14.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Tuesday, January 27th. The railroad operator reported $2.86 EPS for the quarter, missing the consensus estimate of $2.92 by ($0.06). Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The firm had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.15 billion. During the same quarter in the previous year, the company posted $2.91 EPS. Union Pacific’s revenue for the quarter was down .6% on a year-over-year basis. Sell-side analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, February 27th. Union Pacific’s dividend payout ratio is currently 46.12%.

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.