Goldman Sachs Group assumed coverage on shares of Union Pacific (NYSE:UNP) in a report issued on Wednesday, Benzinga reports. The brokerage issued a buy rating and a $198.00 target price on the railroad operator’s stock.
Other research analysts also recently issued research reports about the company. Raymond James reissued a buy rating on shares of West Fraser Timber in a report on Monday, April 22nd. Cowen reissued an outperform rating and issued a $187.00 price target (up previously from $178.00) on shares of Union Pacific in a report on Thursday, April 18th. Morgan Stanley set a $36.00 price target on ArcBest and gave the company a hold rating in a report on Monday. TD Securities increased their price target on Union Pacific from $170.00 to $180.00 and gave the company a hold rating in a report on Monday, April 22nd. Finally, Loop Capital downgraded Union Pacific from a buy rating to a hold rating and reduced their price target for the company from $193.00 to $182.00 in a report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $176.57.
UNP traded up $2.18 on Wednesday, reaching $171.75. The company’s stock had a trading volume of 2,341,000 shares, compared to its average volume of 3,647,125. The firm has a market cap of $120.13 billion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 1.89 and a beta of 1.04. Union Pacific has a 1 year low of $128.08 and a 1 year high of $180.02. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.60 and a current ratio of 0.75. The firm has a 50 day moving average of $169.41.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 31st were paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 2.05%. The ex-dividend date was Thursday, May 30th. Union Pacific’s payout ratio is currently 44.50%.
In other news, EVP Rhonda S. Ferguson sold 11,485 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $175.00, for a total transaction of $2,009,875.00. Following the sale, the executive vice president now directly owns 53,858 shares in the company, valued at approximately $9,425,150. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert M. Knight, Jr. sold 1,380 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $180.01, for a total value of $248,413.80. Following the sale, the executive vice president now owns 94,943 shares in the company, valued at $17,090,689.43. The disclosure for this sale can be found here. Corporate insiders own 9.96% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Gantzert Investment Co. LLC ADV purchased a new stake in Union Pacific during the 4th quarter valued at about $1,408,000. Unigestion Holding SA grew its position in Union Pacific by 10.2% during the 4th quarter. Unigestion Holding SA now owns 7,266 shares of the railroad operator’s stock valued at $1,004,000 after purchasing an additional 673 shares during the last quarter. Nichols & Pratt Advisers LLP MA grew its position in Union Pacific by 4.6% during the 4th quarter. Nichols & Pratt Advisers LLP MA now owns 6,818 shares of the railroad operator’s stock valued at $942,000 after purchasing an additional 300 shares during the last quarter. OLD Dominion Capital Management Inc. purchased a new stake in Union Pacific during the 4th quarter valued at about $436,000. Finally, Robeco Institutional Asset Management B.V. grew its position in Union Pacific by 0.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,044,765 shares of the railroad operator’s stock valued at $144,394,000 after purchasing an additional 8,981 shares during the last quarter. Institutional investors and hedge funds own 78.93% of the company’s stock.
Union Pacific Company Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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