Union Pacific Co. (NYSE:UNP) Holdings Trimmed by CIBC Asset Management Inc
CIBC Asset Management Inc trimmed its position in shares of Union Pacific Co. (NYSE:UNP) by 3.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,716 shares of the railroad operator’s stock after selling 2,876 shares during the quarter. CIBC Asset Management Inc’s holdings in Union Pacific were worth $9,477,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. OMERS ADMINISTRATION Corp grew its position in Union Pacific by 15.5% during the second quarter. OMERS ADMINISTRATION Corp now owns 1,008,200 shares of the railroad operator’s stock worth $109,803,000 after buying an additional 134,950 shares during the period. Community Bank N.A. grew its position in shares of Union Pacific by 3.0% in the second quarter. Community Bank N.A. now owns 1,537 shares of the railroad operator’s stock valued at $168,000 after purchasing an additional 45 shares during the last quarter. Northeast Investment Management grew its position in shares of Union Pacific by 2.8% in the second quarter. Northeast Investment Management now owns 278,258 shares of the railroad operator’s stock valued at $30,305,000 after purchasing an additional 7,663 shares during the last quarter. Barings LLC grew its position in shares of Union Pacific by 357.1% in the first quarter. Barings LLC now owns 48,185 shares of the railroad operator’s stock valued at $5,104,000 after purchasing an additional 37,643 shares during the last quarter. Finally, Greystone Managed Investments Inc. grew its position in shares of Union Pacific by 8.9% in the second quarter. Greystone Managed Investments Inc. now owns 84,114 shares of the railroad operator’s stock valued at $9,161,000 after purchasing an additional 6,890 shares during the last quarter. Institutional investors and hedge funds own 78.70% of the company’s stock.
UNP has been the topic of several research reports. Morgan Stanley lowered shares of Union Pacific from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $102.00 to $100.00 in a research report on Monday, October 2nd. Citigroup lowered shares of Union Pacific from a “buy” rating to a “neutral” rating and set a $120.00 price target on the stock. in a research report on Wednesday, October 4th. Aegis downgraded shares of Union Pacific from a “buy” rating to a “hold” rating and upped their price objective for the company from $120.00 to $122.00 in a research note on Tuesday, October 10th. JPMorgan Chase & Co. upped their price objective on shares of Union Pacific from $106.00 to $113.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. Finally, Off Wall Street initiated coverage on shares of Union Pacific in a research note on Tuesday, October 17th. They set a “sell” rating on the stock. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the stock. Union Pacific currently has an average rating of “Hold” and an average target price of $129.15.
Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, January 25th. The railroad operator reported $1.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.54 by ($0.01). The company had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.44 billion. Union Pacific had a return on equity of 22.26% and a net margin of 50.43%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.39 EPS. equities analysts expect that Union Pacific Co. will post 7.22 EPS for the current year.
About Union Pacific
Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.
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