Universal Logistics Holdings Inc (NYSE:ULH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The brokerage presently has a $23.00 price target on the transportation company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 11.11% from the stock’s previous close.

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 brokerages have also issued reports on ULH. Stifel Nicolaus raised Universal Logistics Holdings from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Monday, July 31st. BidaskClub raised Universal Logistics Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 12th.

Universal Logistics Holdings (ULH) opened at 20.70 on Thursday. Universal Logistics Holdings has a 12-month low of $11.65 and a 12-month high of $20.95. The stock has a 50 day moving average price of $17.59 and a 200-day moving average price of $14.92. The stock has a market cap of $588.75 million and a P/E ratio of 39.81.

Universal Logistics Holdings (NYSE:ULH) last announced its earnings results on Thursday, July 27th. The transportation company reported $0.10 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $305.20 million for the quarter, compared to analyst estimates of $302.10 million. On average, equities analysts expect that Universal Logistics Holdings will post $0.72 earnings per share for the current year.

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A number of institutional investors have recently made changes to their positions in the stock. Teachers Advisors LLC increased its holdings in Universal Logistics Holdings by 10.2% in the second quarter. Teachers Advisors LLC now owns 12,660 shares of the transportation company’s stock valued at $190,000 after buying an additional 1,169 shares during the last quarter. Northern Trust Corp increased its holdings in Universal Logistics Holdings by 1.7% in the second quarter. Northern Trust Corp now owns 143,751 shares of the transportation company’s stock valued at $2,156,000 after buying an additional 2,427 shares during the last quarter. Bank of New York Mellon Corp increased its holdings 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 buying an additional 2,495 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in Universal Logistics Holdings by 2.0% in the second quarter. Thrivent Financial For Lutherans now owns 142,774 shares of the transportation company’s stock valued at $2,141,000 after buying an additional 2,860 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings 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 buying an additional 3,138 shares during the last quarter.

About Universal Logistics Holdings

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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