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Versor Investments LP Makes New Investment in Union Pacific Co. (NYSE:UNP)


Versor Investments LP Makes New Investment in Union Pacific Co. (NYSE:UNP)

Versor Investments LP purchased a new position in shares of Union Pacific Co. (NYSE:UNP - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,913 shares of the railroad operator's stock, valued at approximately $1,457,000.

Several other large investors also recently bought and sold shares of the company. Jaffetilchin Investment Partners LLC boosted its stake in Union Pacific by 9.7% in the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 11,959 shares of the railroad operator's stock worth $2,948,000 after buying an additional 1,053 shares during the last quarter. Jag Capital Management LLC raised its holdings in Union Pacific by 2.2% in the third quarter. Jag Capital Management LLC now owns 13,362 shares of the railroad operator's stock valued at $3,293,000 after buying an additional 285 shares during the period. Addison Advisors LLC increased its holdings in Union Pacific by 15.3% in the 3rd quarter. Addison Advisors LLC now owns 2,079 shares of the railroad operator's stock valued at $512,000 after purchasing an additional 276 shares in the last quarter. Peregrine Asset Advisers Inc. lifted its position in Union Pacific by 8.3% during the 3rd quarter. Peregrine Asset Advisers Inc. now owns 1,178 shares of the railroad operator's stock worth $290,000 after acquiring an additional 90 shares in the last quarter. Finally, Ridgecrest Wealth Partners LLC boosted its holdings in Union Pacific by 4.8% in the 3rd quarter. Ridgecrest Wealth Partners LLC now owns 5,511 shares of the railroad operator's stock worth $1,358,000 after acquiring an additional 250 shares during the period. Institutional investors and hedge funds own 80.38% of the company's stock.

UNP has been the subject of a number of recent analyst reports. Royal Bank of Canada lowered their price target on shares of Union Pacific from $288.00 to $283.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Bank of America reduced their price objective on shares of Union Pacific from $273.00 to $270.00 and set a "buy" rating on the stock in a research note on Tuesday, September 24th. Citigroup started coverage on shares of Union Pacific in a research note on Wednesday, October 9th. They issued a "neutral" rating and a $264.00 target price on the stock. Sanford C. Bernstein decreased their price target on Union Pacific from $277.00 to $272.00 and set an "outperform" rating for the company in a research note on Wednesday, October 9th. Finally, Barclays reduced their target price on Union Pacific from $280.00 to $275.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $259.15.

View Our Latest Stock Report on Union Pacific

NYSE UNP traded up $3.07 during trading on Monday, reaching $244.56. 319,950 shares of the company's stock were exchanged, compared to its average volume of 2,298,824. Union Pacific Co. has a fifty-two week low of $208.14 and a fifty-two week high of $258.66. The company's fifty day simple moving average is $243.38 and its 200-day simple moving average is $238.67. The firm has a market capitalization of $148.27 billion, a PE ratio of 22.18, a P/E/G ratio of 2.39 and a beta of 1.06. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79.

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.78 by ($0.03). Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The firm had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.14 billion. During the same quarter in the prior year, the firm earned $2.51 earnings per share. The company's revenue was up 2.5% on a year-over-year basis. Sell-side analysts predict that Union Pacific Co. will post 10.94 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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