5 Supply Chain Stocks to Buy Now According to Billionaire Jim Simons

2. Union Pacific Corporation (NYSE:UNP) 

Renaissance Technologies’ Stake Value: $278 million

Percentage of Renaissance Technologies’ 13F Portfolio: 0.32%

Number of Hedge Fund Holders: 89

Union Pacific Corporation (NYSE:UNP) is a freight-hauling railroad operator with 8,300 locomotives and routes across 23 US states. The company provides shipping services for a wide variety of materials.

On June 21, Barclays analyst Brandon Oglenski lowered his price target on Union Pacific to $255, down from $290 and kept an Overweight rating on the stock. The analyst said that the company is likely to remain one of the biggest and most important industrial stocks looking forward as the management leverages a growth strategy with a low cost network. 

UNP is a dividend paying company. Its recent quarterly dividend of $1.30 per share will be paid out on June 30 to shareholders of record on May 31. The company is reliable in the dividend domain and has been growing its payouts consecutively for 17 years. 

ClearBridge Investments mentioned Union Pacific in their Q4 2021 investor letter titled, “Global Growth Strategy”. Here is what they said: 

“Despite these mixed emerging growth results, the ClearBridge Global Growth Strategy outperformed the benchmark due to resilience among our secular and structural growth holdings. These consistent growers were complemented by solid contributions from structural holdings including Union Pacific.”