Universal Logistics (NASDAQ:ULH) Rating Increased to Hold at Wall Street Zen

Universal Logistics (NASDAQ:ULH) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Several other analysts have also commented on ULH. Weiss Ratings restated a “hold (c-)” rating on shares of Universal Logistics in a research report on Wednesday, October 8th. Stifel Nicolaus lowered their target price on shares of Universal Logistics from $28.00 to $24.00 and set a “hold” rating on the stock in a research note on Friday, October 10th. Finally, Zacks Research cut Universal Logistics from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $24.00.

Universal Logistics Trading Down 1.4%

Shares of NASDAQ:ULH opened at $15.11 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.07. Universal Logistics has a 12-month low of $14.25 and a 12-month high of $52.74. The business has a 50 day moving average of $21.29 and a two-hundred day moving average of $23.74. The company has a market capitalization of $397.85 million, a PE ratio of 6.49 and a beta of 0.90.

Universal Logistics (NASDAQ:ULH) last issued its quarterly earnings data on Thursday, November 6th. The transportation company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. The business had revenue of $396.79 million for the quarter, compared to analysts’ expectations of $422.80 million. Universal Logistics had a net margin of 3.66% and a return on equity of 9.47%. As a group, analysts forecast that Universal Logistics will post 2.81 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ULH. New York State Common Retirement Fund boosted its stake in shares of 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 during the last quarter. Nuveen LLC acquired a new position in Universal Logistics in the 1st quarter valued at $701,000. Strs Ohio purchased a new position in Universal Logistics in the 1st quarter valued at $315,000. American Century Companies Inc. boosted its stake in Universal Logistics by 7.4% during the 1st quarter. American Century Companies Inc. now owns 248,737 shares of the transportation company’s stock worth $6,527,000 after purchasing an additional 17,120 shares during the last quarter. Finally, Bridgeway Capital Management LLC boosted its stake in Universal Logistics by 1.4% during the 1st quarter. Bridgeway Capital Management LLC now owns 217,277 shares of the transportation company’s stock worth $5,701,000 after purchasing an additional 2,956 shares during the last quarter. 25.50% of the stock is owned by hedge funds and other institutional investors.

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.