Kentucky Retirement Systems Reduces Holdings in Union Pacific Co. (NYSE:UNP)

Kentucky Retirement Systems decreased its holdings in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 7.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,440 shares of the railroad operator's stock after selling 3,537 shares during the quarter. Kentucky Retirement Systems' holdings in Union Pacific were worth $10,461,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Cultivar Capital Inc. acquired a new stake in Union Pacific in the 2nd quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in Union Pacific in the second quarter worth about $28,000. Financial Gravity Asset Management Inc. raised its position in shares of Union Pacific by 3,250.0% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator's stock valued at $30,000 after acquiring an additional 130 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Union Pacific in the 3rd quarter valued at approximately $30,000. Finally, Fairscale Capital LLC bought a new stake in shares of Union Pacific in the second quarter worth about $31,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on UNP shares. StockNews.com downgraded shares of Union Pacific from a "buy" rating to a "hold" rating in a research note on Tuesday, October 1st. Robert W. Baird decreased their target price on shares of Union Pacific from $270.00 to $260.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Susquehanna lowered their price target on shares of Union Pacific from $260.00 to $255.00 and set a "neutral" rating for the company in a report on Friday, October 25th. Raymond James upped their price target on Union Pacific from $265.00 to $275.00 and gave the stock a "strong-buy" rating in a research note on Monday, October 14th. Finally, Barclays upped their price target on Union Pacific from $275.00 to $285.00 and gave the stock an "overweight" rating in a report on Wednesday. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $259.80.

Union Pacific Stock Down 0.0 %

Union Pacific stock traded down $0.01 during mid-day trading on Friday, reaching $235.57. 2,068,472 shares of the company's stock were exchanged, compared to its average volume of 2,314,945. Union Pacific Co. has a twelve month low of $216.79 and a twelve month high of $258.66. The company has a market cap of $142.82 billion, a P/E ratio of 21.63, a P/E/G ratio of 2.38 and a beta of 1.06. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79. The company has a fifty day moving average of $241.86 and a 200-day moving average of $238.58.

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

Union Pacific Company 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.