5 Best Strong Buy Stocks to Invest In

2. Union Pacific Corporation (NYSE: UNP)

Number of Hedge Fund Holders: 75 

Union Pacific Corporation (NYSE: UNP) is a transportation firm based in Nebraska. It is ranked second on our list of 15 best strong buy stocks to invest in. The company’s shares have offered investors returns exceeding 24% over the course of the past year. In earnings results for the second quarter, posted on July 22, the firm reported earnings per share of $2.72, beating market predictions by $0.17. The revenue over the period was $5.5 billion, up 25% year-on-year and beating estimates by $110 million. 

On July 23, investment advisory Raymond James maintained a Strong Buy rating on Union Pacific Corporation (NYSE: UNP) stock and raised the price target to $265 from $260. The stock is presently trading at around $219.3. 

At the end of the first quarter of 2021, 75 hedge funds in the database of Insider Monkey held stakes worth $4.6 billion in Union Pacific Corporation (NYSE: UNP), up from 68 in the preceding quarter worth $3.5 billion.

In its Q1 2021 investor letter, Vltava Fund, an asset management firm, highlighted a few stocks and Union Pacific Corporation (NYSE: UNP) was one of them. Here is what the fund said:

“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.”