Huntington National Bank Sells 3,295 Shares of Union Pacific Co. (NYSE:UNP)

Huntington National Bank lowered its holdings in Union Pacific Co. (NYSE:UNP - Free Report) by 2.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 114,962 shares of the railroad operator's stock after selling 3,295 shares during the quarter. Huntington National Bank's holdings in Union Pacific were worth $28,336,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Cultivar Capital Inc. acquired a new stake in shares of Union Pacific in the second quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL bought a new position in Union Pacific in the 2nd quarter valued at $28,000. Financial Gravity Asset Management Inc. increased its stake in shares of Union Pacific by 3,250.0% in the 2nd quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator's stock valued at $30,000 after buying an additional 130 shares during the period. Catalyst Capital Advisors LLC acquired a new position in shares of Union Pacific during the third quarter valued at $30,000. Finally, Fairscale Capital LLC acquired a new position in shares of Union Pacific during the second quarter valued at $31,000. Institutional investors own 80.38% of the company's stock.

Union Pacific Stock Performance

UNP stock traded down $3.55 during trading hours on Thursday, reaching $236.86. The stock had a trading volume of 945,463 shares, compared to its average volume of 2,307,823. The stock has a 50-day simple moving average of $242.46 and a 200 day simple moving average of $238.64. Union Pacific Co. has a fifty-two week low of $215.81 and a fifty-two week high of $258.66. The stock has a market capitalization of $143.60 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 2.36 and a beta of 1.06. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63.

Union Pacific (NYSE:UNP - Get Free Report) last announced 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). Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The business had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.14 billion. During the same period last year, the firm earned $2.51 EPS. Union Pacific's quarterly revenue was up 2.5% compared to the same quarter last year. Analysts predict that Union Pacific Co. will post 10.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on UNP. BMO Capital Markets dropped 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. Wells Fargo & Company dropped their price target on shares of Union Pacific from $270.00 to $255.00 and set an "overweight" rating for the company in a research note on Friday, October 25th. Barclays raised their price objective on shares of Union Pacific from $275.00 to $285.00 and gave the company an "overweight" rating in a research note on Wednesday. Raymond James upped their target price on shares of Union Pacific from $265.00 to $275.00 and gave the company a "strong-buy" rating in a research report on Monday, October 14th. Finally, Citigroup raised their price target on Union Pacific from $255.00 to $267.00 and gave the stock a "neutral" rating in a research report on Tuesday. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Union Pacific has a consensus rating of "Moderate Buy" and an average target price of $259.80.

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.