Skylands Capital LLC Decreased Stake in Union Pac Corp (NYSE:UNP) by $6.48 Million as Shares Rose


Charles Paquelet decreased its stake in Union Pac Corp (NYSE:UNP) by 11.03% based on its latest 2016Q2 regulatory filing with the SEC. Skylands Capital Llc sold 82,000 shares as the company’s stock rose 0.73% with the market. The hedge fund run by Charles Paquelet held 661,375 shares of the railroads company at the end of 2016Q2, valued at $52.61M, down from 743,375 at the end of the previous reported quarter. Skylands Capital Llc who had been investing in Union Pac Corp for a number of months, seems to be less bullish one the $77.90 billion market cap company. The stock is down 1.46% or $1.37 after the negative news, hitting $92.44 per share. About 2.00M shares traded hands. Union Pacific Corporation (NYSE:UNP) has risen 23.39% since February 8, 2016 and is uptrending. It has outperformed by 6.90% the S&P500.

Skylands Capital Llc, which manages about $986.41 million and $625.34 million US Long portfolio, upped its stake in Gentherm Inc (NASDAQ:THRM) by 87,750 shares to 98,550 shares, valued at $4.10M in 2016Q2, according to the filing.

Skylands Capital Llc is a Wisconsin-based hedge fund that was founded by Charles Paquelet. It had more than $986.41 million assets under management in August, 2014. Taken from Skylands Capital latest Adv, the fund reported to have 10 full and part-time employees. Among which 3 performing investment advisory and research functions. The hedge fund had between 11-25 clients.

The institutional sentiment decreased to 0.84 in Q2 2016. Its down 0.17, from 1.01 in 2016Q1. The ratio is negative, as 81 funds sold all UNP shares owned while 481 reduced positions. 84 funds bought stakes while 388 increased positions. They now own 620.30 million shares or 4.45% less from 649.16 million shares in 2016Q1.

Mcdonald Capital Investors Inc Ca holds 5.67% of its portfolio in UNP for 638,475 shares. Partners Group Holding Ag owns 284,550 shares or 5.67% of their US portfolio. Moreover, Wintergreen Advisers Llc has 5.08% invested in the company for 156,426 shares. The Ontario – Canada-based Edgepoint Investment Group Inc. has invested 5.01% in the stock. Marshfield Associates, a -based fund reported 798,166 shares.

Out of 18 analysts covering Union Pacific (NYSE:UNP), 11 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 61% are positive. Union Pacific has been the topic of 37 analyst reports since October 2, 2015 according to StockzIntelligence Inc. Deutsche Bank downgraded the stock on July 20 to “Hold” rating. Loop Capital initiated the shares of UNP in a report on August 4 with “Hold” rating.

Union Pacific Corporation operates through its principal operating company, Union Pacific Railroad Company. The company has a market cap of $77.90 billion. Union Pacific Railroad Company links approximately 20 states in the western two-thirds of the country by rail, providing link in the supply chain. It has a 18.01 P/E ratio. The Company’s business mix includes agricultural products, automotive, chemicals, coal, industrial products and intermodal.

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