Union Pacific Corporation (UNP)

Union Pacific's stock has been influenced by its third-quarter 2025 earnings release, reporting $3.08 earnings per share and a 2.5% increase in revenue year-over-year. A proposed $85 billion merger with Norfolk Southern was announced. Analyst ratings have seen adjustments from Barclays, Loop Capital, and Argus, while Benchmark reiterated a "Buy" rating and TD Cowen increased its price target. CSX Corp's CEO was reportedly dismissed due to concerns regarding a potential merger approach from Union Pacific. Institutional investors have increased their positions, and whale activity indicated a bullish stance. The stock was trading near its 52-week low of $216.85.

Demand for Union Pacific's products and services exhibits seasonality, particularly within its intermodal business, with seasonal lifts towards the end of quarters. The company's diversified business mix helps to manage these seasonal fluctuations.

Union Pacific Corporation operates in the railroad business through its subsidiary, Union Pacific Railroad Company, providing transportation services for agricultural products, automotive, chemicals, industrial products, coal and renewables, and intermodal containers.

Union Pacific's rail network spans 23 states in the western two-thirds of the United States, connecting major Pacific and Gulf Coast ports with the Midwest and eastern gateways. It also connects with Canada's rail systems and serves all six major gateways to Mexico.

Union Pacific has focused on enhancing its operational excellence, safety, and service, reporting improvements in personal injury and derailment rates. The proposed merger with Norfolk Southern has positively impacted its reputation, receiving significant support from customers and unions.

Institutional investors hold a substantial stake in Union Pacific, owning 80.38% of the company's stock, while individual shareholders own 0.28%. Major institutional owners include Nuveen LLC, Goldman Sachs Group Inc., Canada Pension Plan Investment Board, Fjarde AP Fonden Fourth Swedish National Pension Fund, Y Intercept Hong Kong Ltd, Bessemer Group Inc., Brookwood Investment Group LLC, Menora Mivtachim Holdings LTD., and Kornitzer Capital Management Inc. KS.