Universal Logistics Holdings Inc (NYSE:ULH) had its target price upped by Citigroup Inc. from $14.00 to $22.00 in a research report sent to investors on Friday morning. The firm currently has a neutral rating on the transportation company’s stock.

Several other brokerages also recently commented on ULH. Zacks Investment Research upgraded Universal Logistics Holdings from a sell rating to a hold rating in a report on Friday, August 11th. Stifel Nicolaus upgraded Universal Logistics Holdings from a hold rating to a buy rating and set a $17.00 target price on the stock in a report on Monday, July 31st. Finally, BidaskClub upgraded Universal Logistics Holdings from a buy rating to a strong-buy rating in a report on Tuesday, September 12th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Universal Logistics Holdings currently has an average rating of Buy and an average price target of $23.00.

Shares of Universal Logistics Holdings (NYSE ULH) opened at 21.40 on Friday. The stock has a market capitalization of $608.66 million and a price-to-earnings ratio of 41.15. Universal Logistics Holdings has a 1-year low of $11.65 and a 1-year high of $22.40. The company’s 50 day moving average is $18.17 and its 200-day moving average is $15.10.

Universal Logistics Holdings (NYSE:ULH) last announced its earnings results on Thursday, July 27th. The transportation company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $305.20 million for the quarter, compared to the consensus estimate of $302.10 million. Universal Logistics Holdings had a return on equity of 7.26% and a net margin of 0.90%. Equities analysts anticipate that Universal Logistics Holdings will post $0.73 earnings per share for the current fiscal year.

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Several large investors have recently made changes to their positions in ULH. Bank of New York Mellon Corp raised its holdings in shares of Universal Logistics Holdings by 2.4% during the 1st 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 period. SG Americas Securities LLC purchased a new stake in shares of Universal Logistics Holdings during the 1st quarter valued at about $134,000. FMR LLC raised its holdings in shares of Universal Logistics Holdings by 3.1% during the 1st quarter. FMR LLC now owns 2,112,726 shares of the transportation company’s stock valued at $30,318,000 after buying an additional 63,307 shares during the period. Geode Capital Management LLC raised its holdings in shares of Universal Logistics Holdings by 4.2% during the 1st 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 period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Universal Logistics Holdings by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 400,299 shares of the transportation company’s stock valued at $5,744,000 after buying an additional 5,490 shares during the period.

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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