Universal Logistics (NASDAQ:ULH) Cut to Strong Sell at Zacks Research

Zacks Research cut shares of Universal Logistics (NASDAQ:ULH) from a hold rating to a strong sell rating in a report issued on Monday morning,Zacks.com reports.

Several other brokerages have also issued reports on ULH. Weiss Ratings restated a “hold (c-)” rating on shares of Universal Logistics in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Universal Logistics from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Finally, Stifel Nicolaus reduced their price objective on shares of Universal Logistics from $28.00 to $24.00 and set a “hold” rating on the stock in a report on Friday, October 10th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $24.00.

Universal Logistics Stock Down 4.2%

NASDAQ ULH opened at $16.91 on Monday. Universal Logistics has a 52 week low of $16.82 and a 52 week high of $53.29. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.07. The business’s fifty day simple moving average is $22.72 and its 200-day simple moving average is $24.23. The firm has a market cap of $445.24 million, a PE ratio of 7.26 and a beta of 0.93.

Institutional Investors Weigh In On Universal Logistics

Large investors have recently modified their holdings of the stock. State of Alaska Department of Revenue purchased a new position in Universal Logistics in the third quarter worth $31,000. Lazard Asset Management LLC raised its position in Universal Logistics by 7.1% in the second quarter. Lazard Asset Management LLC now owns 20,569 shares of the transportation company’s stock worth $520,000 after acquiring an additional 1,361 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Universal Logistics by 403.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,130 shares of the transportation company’s stock worth $54,000 after acquiring an additional 1,707 shares in the last quarter. New York State Common Retirement Fund raised its position in Universal Logistics by 8.0% in the first quarter. New York State Common Retirement Fund now owns 33,657 shares of the transportation company’s stock worth $883,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its position in Universal Logistics by 1.4% in the first quarter. Bridgeway Capital Management LLC now owns 217,277 shares of the transportation company’s stock worth $5,701,000 after acquiring an additional 2,956 shares in the last quarter. Hedge funds and other institutional investors 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.