StockNews.com Lowers Universal Logistics (NASDAQ:ULH) to Hold

Universal Logistics (NASDAQ:ULH) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Separately, Stifel Nicolaus upgraded Universal Logistics from a “hold” rating to a “buy” rating and raised their target price for the company from $35.00 to $36.00 in a research note on Wednesday, January 10th.

Universal Logistics Stock Performance

Shares of ULH opened at $32.88 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a 50-day moving average of $34.22 and a 200-day moving average of $29.06. The company has a market cap of $865.07 million, a PE ratio of 9.29 and a beta of 1.08. Universal Logistics has a one year low of $20.85 and a one year high of $38.50.

Universal Logistics (NASDAQ:ULH) last issued its earnings results on Thursday, February 15th. The transportation company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.71 by $0.10. The company had revenue of $390.92 million during the quarter, compared to the consensus estimate of $377.30 million. Universal Logistics had a return on equity of 18.58% and a net margin of 5.59%. On average, equities research analysts predict that Universal Logistics will post 3.65 EPS for the current fiscal year.

Hedge Funds Weigh In On Universal Logistics

Hedge funds have recently added to or reduced their stakes in the stock. Point72 Middle East FZE bought a new position in shares of Universal Logistics during the 4th quarter worth approximately $30,000. State of Wyoming lifted its position in shares of Universal Logistics by 23.8% during the 2nd quarter. State of Wyoming now owns 2,063 shares of the transportation company’s stock worth $59,000 after buying an additional 396 shares in the last quarter. Barclays PLC lifted its position in shares of Universal Logistics by 532.5% during the 4th quarter. Barclays PLC now owns 1,929 shares of the transportation company’s stock worth $65,000 after buying an additional 1,624 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Universal Logistics by 82.5% during the 2nd quarter. Wells Fargo & Company MN now owns 2,709 shares of the transportation company’s stock worth $78,000 after buying an additional 1,225 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of Universal Logistics by 20.0% during the 2nd quarter. Lazard Asset Management LLC now owns 3,139 shares of the transportation company’s stock worth $90,000 after buying an additional 523 shares in the last quarter. Institutional investors and hedge funds own 25.50% of the company’s stock.

About Universal Logistics

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