5 Best Industrial Stocks To Buy Right Now

2. Union Pacific Corporation (NYSE:UNP) 

Number of Hedge Fund Holders: 69

Union Pacific Corporation (NYSE:UNP) is a freight railroad mega company, operating about 8,300 locomotives across 23 US states. Union Pacific Corporation (NYSE:UNP) is the second largest railroad in the US, and forms a duopoly in the Western US with BNSF Railway.

Ken Fisher’s Fisher Asset Management is the largest stakeholder in Union Pacific Corporation (NYSE:UNP), with 4.76 million shares worth $934.5 million. Overall, 69 hedge funds in Insider Monkey’s exclusive database reported owning stakes in Union Pacific Corporation (NYSE:UNP) at the end of Q2. 

RBC Capital analyst Walter Spracklin, on October 22, raised the price target for Union Pacific Corporation (NYSE:UNP) from $227 to $252, with an Outperform rating on the stock.

Here is what Vltava Fund has to say about Union Pacific Corporation (NYSE:UNP) in their Q1 2021 investor letter:

“There was a slight change in Vltava Fund’s portfolio in the first quarter. We sold shares of Union Pacific. It was one of three stocks we bought a year ago at the market bottom. Although from a P/E viewpoint this was one of our most expensive purchases ever, the shares worked out quite well, and, when they were more than 90% higher at the beginning of this year, we decided to take profit and put the money into stocks with more attractive valuations.”