5 Transportation as a Service Stocks to Buy

4. Union Pacific Corporation (NYSE: UNP)

Number of Hedge Fund Holders: 68     

Union Pacific Corporation (NYSE: UNP) is a Nebraska-based railroad company founded in 1862. It is ranked fourth on our list of 10 transportation as a service stocks to buy. The firm operates over 32,313 route miles that link the Pacific and Gulf ports with gateways inside the United States. UNP stock has returned more than 43% to investors over the past twelve months. The company has a market cap of more than $149 billion. The company provides railroad and freight transportation services to businesses across the US. 

Union Pacific Corporation (NYSE: UNP) stands to benefit from a proposed national infrastructure overhaul plan of President Biden. The share price of the firm has also soared in recent weeks as business activity resumes following easing of COVID-19 lockdown restrictions. 

At the end of the fourth quarter of 2020, 68 hedge funds in the database of Insider Monkey held stakes worth $3.5 billion in the firm, down from 74 in the preceding quarter worth $3.9 billion.

Vltava Fund, in its Q1 2021 investor letter, mentioned Union Pacific Corporation (NYSE: UNP). Here is what Vltava Fund has to say about Union Pacific Corporation in its 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.”