Burgundy Asset Management Ltd. buys $316.5 Million stake in Union Pacific Corporation (UNP)

Union Pacific Corporation (UNP) : Burgundy Asset Management Ltd. scooped up 143,716 additional shares in Union Pacific Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 3,860,046 shares of Union Pacific Corporation which is valued at $316.5 Million.Union Pacific Corporation makes up approximately 3.31% of Burgundy Asset Management Ltd.’s portfolio.

Other Hedge Funds, Including , Norinchukin Bank The boosted its stake in UNP in the latest quarter, The investment management firm added 3,048 additional shares and now holds a total of 324,291 shares of Union Pacific Corporation which is valued at $26.6 Million. Union Pacific Corporation makes up approx 0.65% of Norinchukin Bank The’s portfolio.Mengis Capital Management reduced its stake in UNP by selling 3,440 shares or 44.73% in the most recent quarter. The Hedge Fund company now holds 4,250 shares of UNP which is valued at $348,500. Union Pacific Corporation makes up approx 0.33% of Mengis Capital Management’s portfolio.First Eagle Investment Management boosted its stake in UNP in the latest quarter, The investment management firm added 651,814 additional shares and now holds a total of 5,719,346 shares of Union Pacific Corporation which is valued at $490.3 Million. Union Pacific Corporation makes up approx 1.22% of First Eagle Investment Management’s portfolio.Bowling Portfolio Management reduced its stake in UNP by selling 192 shares or 1.5% in the most recent quarter. The Hedge Fund company now holds 12,639 shares of UNP which is valued at $1.1 Million. Union Pacific Corporation makes up approx 0.18% of Bowling Portfolio Management’s portfolio.First Midwest Bank Trust Division reduced its stake in UNP by selling 1,295 shares or 18.04% in the most recent quarter. The Hedge Fund company now holds 5,882 shares of UNP which is valued at $513,087. Union Pacific Corporation makes up approx 0.07% of First Midwest Bank Trust Division’s portfolio.

Union Pacific Corporation opened for trading at $82.09 and hit $82.95 on the upside on Monday, eventually ending the session at $82.02, with a gain of 0.02% or 0.02 points. The heightened volatility saw the trading volume jump to 41,94,399 shares. Company has a market cap of $68,982 M.

On the company’s financial health, Union Pacific Corporation reported $1.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $1.10. The company had revenue of $4829.00 million for the quarter, compared to analysts expectations of $4887.49 million. The company’s revenue was down -14.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.30 EPS.

Many Wall Street Analysts have commented on Union Pacific Corporation. Company shares were Reiterated by RBC Capital Mkts on Apr 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 95 from a previous price target of $90 .Shares were Downgraded by UBS on Apr 18, 2016 to ” Neutral” and Lowered the Price Target to $ 88 from a previous price target of $89 .Union Pacific Corporation was Downgraded by Morgan Stanley to ” Equal-Weight” on Feb 23, 2016.

Union Pacific Corporation operates through its principal operating company Union Pacific Railroad Company. The Company is a Class I railroad operating in the United States which has 31974 route miles and maintains coordinated schedules with other rail carriers to move freight. It links 23 states in the western two-thirds of the country by rail providing a supply chain link around the world. Its business mix includes agricultural products automotive chemicals coal industrial products and intermodal. The Company serves United States population centers operates from West Coast and Gulf Coast ports to eastern gateways connects with Canada’s rail systems and serves six Mexico gateways. The Company’s freight traffic consists of bulk manifest and premium business.

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