Zacks Investment Research upgraded shares of Universal Logistics Holdings Inc (NYSE:ULH) from a sell rating to a hold rating in a research note released on Wednesday.

According to Zacks, “Universal Truckload is a primarily non-asset based provider of transportation services to shippers throughout the United States and in the Canadian provinces of Ontario and Quebec. Their over-the-road trucking services include both flatbed and dry van operations and they provide rail-truck and steamship-truck intermodal support services. They also offer truck brokerage services, which allow them to supplement their capacity and provide their customers with transportation of freight not handled by their owner-operators. “

A number of other equities research analysts have also commented on ULH. Stifel Nicolaus raised Universal Logistics Holdings from a hold rating to a buy rating and set a $17.00 price target on the stock in a research report on Monday, July 31st. BidaskClub raised Universal Logistics Holdings from a hold rating to a buy rating in a research report on Friday, September 1st.

Shares of Universal Logistics Holdings (NYSE:ULH) opened at 19.40 on Wednesday. The company has a market capitalization of $551.77 million and a PE ratio of 37.31. The firm has a 50-day moving average of $15.84 and a 200 day moving average of $14.44. Universal Logistics Holdings has a 12 month low of $11.09 and a 12 month high of $19.50.

Universal Logistics Holdings (NYSE:ULH) last released its earnings results on Thursday, July 27th. The transportation company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. Universal Logistics Holdings had a return on equity of 7.26% and a net margin of 0.90%. The firm had revenue of $305.20 million for the quarter, compared to analyst estimates of $302.10 million. On average, equities research analysts expect that Universal Logistics Holdings will post $0.70 earnings per share for the current fiscal year.

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Institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its stake in Universal Logistics Holdings by 2.4% in the first quarter. Bank of New York Mellon Corp now owns 106,818 shares of the transportation company’s stock valued at $1,533,000 after purchasing an additional 2,495 shares in the last quarter. SG Americas Securities LLC bought a new position in Universal Logistics Holdings in the first quarter valued at approximately $134,000. Deprince Race & Zollo Inc. bought a new position in Universal Logistics Holdings in the first quarter valued at approximately $1,277,000. FMR LLC grew its stake in Universal Logistics Holdings by 3.1% in the first quarter. FMR LLC now owns 2,112,726 shares of the transportation company’s stock valued at $30,318,000 after purchasing an additional 63,307 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Universal Logistics Holdings by 4.2% in the first quarter. Geode Capital Management LLC now owns 77,352 shares of the transportation company’s stock valued at $1,110,000 after purchasing an additional 3,138 shares in the last quarter.

Universal Logistics Holdings Company Profile

Universal Logistics Holdings, Inc, formerly Universal Truckload Services, Inc, is an asset-light provider of customized transportation and logistics solutions across the United States, Mexico, Canada and Colombia. The Company operates through two segments: the transportation segment and the logistics segment.

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