Pallas Capital Advisors LLC Buys 413 Shares of Union Pacific Co. (NYSE:UNP)

Pallas Capital Advisors LLC increased its stake in Union Pacific Co. (NYSE:UNP) by 25.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,050 shares of the railroad operator’s stock after buying an additional 413 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Union Pacific were worth $473,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of UNP. Ameriprise Financial Inc. lifted its position in shares of Union Pacific by 1.3% during the second quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator’s stock worth $1,880,701,000 after purchasing an additional 106,996 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Union Pacific by 7.6% during the first quarter. Capital Research Global Investors now owns 7,370,752 shares of the railroad operator’s stock worth $1,812,689,000 after purchasing an additional 518,985 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Union Pacific by 2.1% during the second quarter. Legal & General Group Plc now owns 5,970,669 shares of the railroad operator’s stock worth $1,350,924,000 after purchasing an additional 124,571 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of Union Pacific by 5.7% during the first quarter. Clearbridge Investments LLC now owns 4,396,974 shares of the railroad operator’s stock worth $1,081,348,000 after purchasing an additional 237,083 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in shares of Union Pacific by 8.3% during the second quarter. Canada Pension Plan Investment Board now owns 4,218,730 shares of the railroad operator’s stock worth $954,530,000 after purchasing an additional 322,129 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on UNP. Bank of America decreased their target price on Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. TD Cowen decreased their price objective on Union Pacific from $255.00 to $252.00 and set a “buy” rating for the company in a report on Friday, October 25th. BMO Capital Markets decreased their price objective on Union Pacific from $280.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, September 20th. Barclays decreased their price objective on Union Pacific from $280.00 to $275.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, Sanford C. Bernstein decreased their price objective on Union Pacific from $277.00 to $272.00 and set an “outperform” rating for the company in a report on Wednesday, October 9th. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $259.15.

Union Pacific Price Performance

Shares of UNP stock opened at $232.07 on Friday. Union Pacific Co. has a fifty-two week low of $204.63 and a fifty-two week high of $258.66. The firm has a market capitalization of $140.69 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 2.26 and a beta of 1.05. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77. The stock’s 50-day simple moving average is $244.94 and its 200-day simple moving average is $238.34.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). The business had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. Union Pacific’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.51 EPS. As a group, equities analysts forecast that Union Pacific Co. will post 11.02 earnings per share for the current fiscal 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.