Stifel Nicolaus Issues Pessimistic Forecast for Universal Logistics (NASDAQ:ULH) Stock Price

Universal Logistics (NASDAQ:ULH) had its target price lowered by analysts at Stifel Nicolaus from $17.00 to $15.00 in a report released on Wednesday, MarketBeat reports. The brokerage currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 1.76% from the stock’s current price.

Other research analysts have also issued research reports about the stock. Zacks Research lowered shares of Universal Logistics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Weiss Ratings restated a “sell (d)” rating on shares of Universal Logistics in a research report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $15.00.

Universal Logistics Price Performance

NASDAQ:ULH opened at $14.74 on Wednesday. Universal Logistics has a one year low of $11.73 and a one year high of $30.76. The company has a market cap of $388.69 million, a P/E ratio of -5.87 and a beta of 0.68. The firm’s fifty day moving average price is $15.06 and its two-hundred day moving average price is $17.12. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.13 and a quick ratio of 1.13.

Universal Logistics (NASDAQ:ULH) last issued its quarterly earnings data on Friday, May 1st. The transportation company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.22). The company had revenue of $367.57 million during the quarter, compared to the consensus estimate of $372.30 million. Universal Logistics had a negative net margin of 4.29% and a positive return on equity of 2.65%. Equities analysts expect that Universal Logistics will post 0.45 earnings per share for the current year.

Institutional Investors Weigh In On Universal Logistics

A number of institutional investors have recently modified their holdings of ULH. Royal Bank of Canada grew its stake in shares of Universal Logistics by 208.2% in the fourth quarter. Royal Bank of Canada now owns 31,703 shares of the transportation company’s stock valued at $482,000 after acquiring an additional 21,416 shares in the last quarter. Legal & General Group Plc raised its stake in Universal Logistics by 93.7% in the 2nd quarter. Legal & General Group Plc now owns 13,514 shares of the transportation company’s stock worth $343,000 after purchasing an additional 6,538 shares in the last quarter. Walleye Capital LLC acquired a new stake in Universal Logistics in the 4th quarter worth about $340,000. Millennium Management LLC bought a new stake in Universal Logistics in the 4th quarter valued at about $322,000. Finally, Jane Street Group LLC boosted its holdings in Universal Logistics by 19.8% in the 4th quarter. Jane Street Group LLC now owns 15,110 shares of the transportation company’s stock valued at $230,000 after purchasing an additional 2,501 shares during the period. Institutional investors own 25.50% of the company’s stock.

About Universal Logistics

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.