Universal Logistics (NASDAQ:ULH) Given New $27.00 Price Target at Citigroup

Universal Logistics (NASDAQ:ULHGet Rating) had its price objective increased by Citigroup to $27.00 in a report issued on Wednesday, Stock Target Advisor reports. Citigroup’s price target would suggest a potential upside of 1.01% from the stock’s current price.

A number of other brokerages have also recently issued reports on ULH. Zacks Investment Research raised shares of Universal Logistics from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective on the stock in a research note on Wednesday, May 18th. TheStreet upgraded shares of Universal Logistics from a “c+” rating to a “b-” rating in a report on Monday, March 21st. Finally, StockNews.com upgraded shares of Universal Logistics from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 12th.

Universal Logistics stock traded up $0.91 during trading hours on Wednesday, hitting $26.73. 2,971 shares of the stock were exchanged, compared to its average volume of 56,179. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market capitalization of $706.79 million, a P/E ratio of 7.73 and a beta of 1.34. Universal Logistics has a 12 month low of $15.86 and a 12 month high of $26.90. The business’s 50-day moving average is $21.10 and its two-hundred day moving average is $19.51.

Universal Logistics (NASDAQ:ULHGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The transportation company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.90. Universal Logistics had a net margin of 5.06% and a return on equity of 35.79%. During the same quarter in the previous year, the business earned $0.77 EPS. On average, equities analysts predict that Universal Logistics will post 4.55 earnings per share for the current fiscal year.

In other news, Director Richard P. Urban acquired 5,000 shares of the firm’s stock in a transaction dated Friday, March 11th. The stock was bought at an average price of $20.49 per share, with a total value of $102,450.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 72.00% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. UBS Group AG acquired a new stake in Universal Logistics in the 3rd quarter worth about $29,000. Citigroup Inc. raised its stake in Universal Logistics by 333.2% in the 3rd quarter. Citigroup Inc. now owns 1,577 shares of the transportation company’s stock worth $32,000 after purchasing an additional 1,213 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Universal Logistics by 374.9% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 1,757 shares of the transportation company’s stock valued at $35,000 after buying an additional 1,387 shares in the last quarter. Barclays PLC raised its position in shares of Universal Logistics by 161.7% in the 3rd quarter. Barclays PLC now owns 3,174 shares of the transportation company’s stock valued at $64,000 after buying an additional 1,961 shares in the last quarter. Finally, Denali Advisors LLC acquired a new position in shares of Universal Logistics in the 4th quarter valued at approximately $64,000. 23.84% of the stock is owned by institutional investors.

About Universal Logistics (Get Rating)

Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. It offers truckload services, which include dry van, flatbed, heavy-haul, and refrigerated operations; domestic and international freight forwarding, and customs brokerage services; and final mile and ground expedite services.

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