Universal Logistics (NASDAQ:ULH) Shares Pass Below 50 Day Moving Average – Time to Sell?

Universal Logistics Holdings, Inc. (NASDAQ:ULH) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $16.66 and traded as low as $15.49. Universal Logistics shares last traded at $16.18, with a volume of 46,035 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ULH. Weiss Ratings restated a “sell (d)” rating on shares of Universal Logistics in a research report on Monday, December 29th. Stifel Nicolaus dropped their price target on Universal Logistics from $18.00 to $17.00 and set a “hold” rating for the company in a research note on Tuesday, December 16th. Wall Street Zen upgraded Universal Logistics from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Zacks Research raised Universal Logistics from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Two 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 a consensus target price of $17.00.

Universal Logistics Stock Performance

The firm has a market capitalization of $426.02 million, a PE ratio of -10.64 and a beta of 0.93. The business has a 50-day simple moving average of $16.66 and a 200-day simple moving average of $19.18. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.32 and a quick ratio of 1.32.

Institutional Investors Weigh In On Universal Logistics

Several hedge funds and other institutional investors have recently made changes to their positions in the company. American Century Companies Inc. boosted its stake in shares of Universal Logistics by 5.6% during the 2nd quarter. American Century Companies Inc. now owns 262,597 shares of the transportation company’s stock worth $6,665,000 after purchasing an additional 13,860 shares during the period. Geode Capital Management LLC lifted its stake in Universal Logistics by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 200,020 shares of the transportation company’s stock worth $3,039,000 after purchasing an additional 7,339 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Universal Logistics by 5.3% during the third quarter. First Trust Advisors LP now owns 136,107 shares of the transportation company’s stock valued at $3,190,000 after buying an additional 6,854 shares during the period. Empowered Funds LLC boosted its position in shares of Universal Logistics by 5.0% during the first quarter. Empowered Funds LLC now owns 108,268 shares of the transportation company’s stock valued at $2,841,000 after buying an additional 5,136 shares during the period. Finally, Anchor Capital Advisors LLC grew its stake in shares of Universal Logistics by 1.8% during the third quarter. Anchor Capital Advisors LLC now owns 49,506 shares of the transportation company’s stock valued at $1,160,000 after buying an additional 875 shares during the last quarter. Hedge funds and other institutional investors own 25.50% of the company’s stock.

Universal Logistics Company Profile

Universal Logistics Holdings, Inc is a diversified, asset-light third-party logistics provider offering transportation and supply chain solutions across North America and around the globe. Its service portfolio encompasses truckload, less-than-truckload, intermodal, and specialized freight services, supported by dedicated brokerage, warehousing, and distribution management capabilities.

Originally incorporated as Universal Truckload Services, Inc, the company has evolved beyond its core truckload heritage to a one-stop logistics platform.