Eagle Asset Management Inc. Has $94.61 Million Stock Position in Union Pacific Co. (NYSE:UNP)

Eagle Asset Management Inc. raised its position in Union Pacific Co. (NYSE:UNP - Free Report) by 8.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 391,776 shares of the railroad operator's stock after purchasing an additional 30,383 shares during the quarter. Eagle Asset Management Inc. owned about 0.06% of Union Pacific worth $94,610,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Ameriprise Financial Inc. boosted its position in Union Pacific by 1.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator's stock worth $1,880,701,000 after acquiring an additional 106,996 shares during the period. Legal & General Group Plc grew its position in Union Pacific by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 5,970,669 shares of the railroad operator's stock valued at $1,350,924,000 after buying an additional 124,571 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Union Pacific by 8.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,218,730 shares of the railroad operator's stock valued at $954,530,000 after buying an additional 322,129 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Union Pacific by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,561,936 shares of the railroad operator's stock worth $877,946,000 after buying an additional 38,999 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in shares of Union Pacific by 2.1% in the 3rd quarter. Raymond James & Associates now owns 2,767,216 shares of the railroad operator's stock worth $682,063,000 after acquiring an additional 57,652 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Stock Performance

Union Pacific stock traded up $2.80 on Friday, hitting $241.82. The company's stock had a trading volume of 1,084,190 shares, compared to its average volume of 2,303,199. The company has a fifty day moving average price of $240.67 and a 200-day moving average price of $238.52. The firm has a market cap of $146.61 billion, a P/E ratio of 22.12, a price-to-earnings-growth ratio of 2.31 and a beta of 1.06. Union Pacific Co. has a one year low of $218.55 and a one year high of $258.66. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79.

Union Pacific (NYSE:UNP - Get Free Report) last posted 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). The business had revenue of $6.09 billion during 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 business's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the company earned $2.51 EPS. On average, equities analysts anticipate that Union Pacific Co. will post 10.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. StockNews.com lowered shares of Union Pacific from a "buy" rating to a "hold" rating in a research note on Tuesday, October 1st. Daiwa America downgraded Union Pacific from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, September 4th. Robert W. Baird lowered their target price on Union Pacific from $270.00 to $260.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. BMO Capital Markets dropped their price target on shares of Union Pacific from $280.00 to $275.00 and set an "outperform" rating on the stock in a research report on Friday, September 20th. Finally, Raymond James lifted their price objective on shares of Union Pacific from $265.00 to $275.00 and gave the stock a "strong-buy" rating in a research note on Monday, October 14th. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $259.80.

About Union Pacific

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.