In this article we will take a look at the 5 transportation as a service stocks to buy. For a detailed analysis of the transport sector, go directly to 10 Transportation as a Service Stocks to Buy.
5. United Parcel Service, Inc. (NYSE: UPS)
Number of Hedge Fund Holders: 48
United Parcel Service, Inc. (NYSE: UPS) is a Washington-based company in the package delivery and supply chain management business. It was founded in 1907 and is ranked fifth on our list of 10 transportation as a service stocks to buy. The company offers services in more than 200 countries and operates more than 127,000 package delivery vehicles. It has a fleet of aircraft and owns more than 58,000 containers for transportation of goods. UPS stock has returned more than 131% to investors over the past twelve months.
On May 3, United Parcel Service, Inc. (NYSE: UPS) was given an Outperform rating by investment advisory Wolfe Research, an upgrade from Peer Perform, with a price target of $239. UPS stock has been affected in recent days as news of the divorce of shareholders Bill and Melina Gates leads to uncertainty about the couple’s business affairs.
Out of the hedge funds being tracked by Insider Monkey, Washington-based Bill & Melinda Gates Foundation Trust is a leading shareholder in the firm with 4.5 million shares worth more than $762 million.
Saturna Capital Corporation, in its Q4 2020 investor letter, mentioned United Parcel Service, Inc. (NYSE: UPS). Here is what Saturna Capital Corporation has to say about United Parcel Service, Inc. in its letter:
“UPS is a new holding in the Fund, and we are excited about the opportunity for new management to improve operating metrics after several years of inconsistent performance.”