12 Best Infrastructure Stocks to Buy Now

8. United Rentals, Inc. (NYSE:URI)

No of HFs: 40

Total Value of HF Holdings: $797 Million

United Rentals, Inc. is one of the world’s largest equipment rental companies with a workforce of approximately 18,800 employees. For the third quarter of 2020, the company reported total revenue of $2.187 billion, including rental revenue of $1.861 billion.

URI is a relatively popular stock among hedge funds, but hedge funds have been taking some chips off the table throughout 2020. There were a total of 59 hedge funds with bullish URI positions at the end of September 2019. That figure dropped to 40 by the end of September 2020. Lyrical Asset Management is the biggest URI bull among the 800+ hedge funds tracked by Insider Monkey.

7. HD Supply Holdings, Inc. (NASDAQ:HDS)

No of HFs: 41

Total Value of HF Holdings: $1.1 Billion

HD Supply Holdings ranks 7th in our list of the best infrastructure stocks to buy now and is an industrial distributor in North America. For the third quarter of fiscal 2020, the company reported net sales of $827.5 million, an increase of $2.3 million or 0.3 percent as compared to the third quarter of fiscal 2019. Unfortunately, it may be a bit late to buy this stock now.

Recently, The Home Depot, Inc. headquartered in Atlanta, Georgia announced its acquisition of HD Supply Holdings in an all-cash deal for all common stock at $56 per share. The acquisition is expected to be completed on January 31, 2021 (Home Depot, Inc’s fiscal fourth quarter)

The top hedge fund holder is Seth Klarman’s Baupost Group with more than $281 million invested in the stock at the end of September.

6. Vulcan Materials Co. (NYSE:VMC)

No of HFs: 42

Total Value of HF Holdings: $1.3 Billion

Vulcan Materials Co. is an American company based in Alabama with approximately 7,000 people at over 300 facilities. The company is engaged in the manufacturing of construction materials, gravel, crushed stone, and sand. During the third quarter that ended September 2020, VMC posted revenue of $1.31 billion. Net earnings were US$200 million compared to US$216 million during the prior year’s comparable quarter.

The top hedge fund holder is John Armitage’s Egerton Capital Limited with $332 million invested in the stock at the end of September.

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Disclosure: No positions. 12 Best Infrastructure Stocks To Buy Now is originally published at Insider Monkey.