5 Best Delivery Stocks to Invest In

In this article, we discuss 5 best delivery stocks to invest in. If you want to read about some more best delivery stocks, go directly to 10 Best Delivery Stocks to Invest In.

5. United Parcel Service, Inc. (NYSE:UPS)

Number of Hedge Fund Holders: 38    

United Parcel Service, Inc. (NYSE:UPS) provides letter and package delivery, transportation, logistics, and related services. It is one of the elite delivery stocks to invest in. On September 7, the company announced that it would be hiring more than 100,000 extra workers to support the anticipated annual increase in package volume that will begin in October 2022 and continue through January 2023. The hiring plans come as online shopping slows after a pandemic-induced surge but remains well above pre-pandemic levels.

On September 22, Barclays analyst Brandon Oglenski maintained an Equal Weight rating on United Parcel Service, Inc. (NYSE:UPS) stock and lowered the price target to $180 from $200, noting that macro read-through and global data suggest a rough ride this winter for the firm. 

At the end of the second quarter of 2022, 38 hedge funds in the database of Insider Monkey held stakes worth $613 million in United Parcel Service, Inc. (NYSE:UPS), compared to 50 in the previous quarter worth $159.5 million.

In its Q2 2022 investor letter, Mayar Capital, an asset management firm, highlighted a few stocks and United Parcel Service, Inc. (NYSE:UPS) was one of them. Here is what the fund said:

“United Parcel Service, Inc. (NYSE:UPS) has been a beneficiary of the pandemic-related shift to e-commerce. Revenues increased 15% in the year, with strong leverage in the business boosting operating profit by al- most 67%. Management is focusing on a ‘Better not Bigger’ strategy for the business and divested the UPS Freight business early in the year. Mean- while, the company is expected to increase distributions to shareholders in 2022, from both dividends and share buybacks.”