Universal Logistics (NASDAQ:ULH) Downgraded by StockNews.com

Universal Logistics (NASDAQ:ULH) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

Separately, Stifel Nicolaus upgraded Universal Logistics from a “hold” rating to a “buy” rating and lifted their target price for the company from $35.00 to $36.00 in a research note on Wednesday, January 10th.

Universal Logistics Stock Down 1.0 %

Shares of Universal Logistics stock opened at $36.87 on Wednesday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.58. The firm has a market cap of $970.05 million, a P/E ratio of 10.42 and a beta of 1.07. Universal Logistics has a fifty-two week low of $20.85 and a fifty-two week high of $38.50. The business has a 50-day moving average price of $33.04 and a 200 day moving average price of $28.16.

Universal Logistics (NASDAQ:ULH) last issued its earnings results on Thursday, February 15th. The transportation company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.10. Universal Logistics had a return on equity of 18.58% and a net margin of 5.59%. The company had revenue of $390.92 million during the quarter, compared to the consensus estimate of $377.30 million. On average, sell-side analysts forecast that Universal Logistics will post 3.65 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Universal Logistics

Hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Middle East FZE acquired a new position in shares of Universal Logistics during the fourth quarter worth approximately $30,000. Barclays PLC boosted its position in shares of Universal Logistics by 532.5% during the fourth quarter. Barclays PLC now owns 1,929 shares of the transportation company’s stock worth $65,000 after buying an additional 1,624 shares during the period. State of Wyoming boosted its position in shares of Universal Logistics by 23.8% during the second quarter. State of Wyoming now owns 2,063 shares of the transportation company’s stock worth $59,000 after buying an additional 396 shares during the period. Wells Fargo & Company MN lifted its position in Universal Logistics by 82.5% in the second quarter. Wells Fargo & Company MN now owns 2,709 shares of the transportation company’s stock worth $78,000 after purchasing an additional 1,225 shares during the period. Finally, Legal & General Group Plc lifted its position in Universal Logistics by 268.5% in the fourth quarter. Legal & General Group Plc now owns 2,716 shares of the transportation company’s stock worth $91,000 after purchasing an additional 1,979 shares during the period. 25.50% of the stock is currently owned by institutional investors and hedge funds.

About Universal Logistics

Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. The company offers truckload services, which include dry van, flatbed, heavy-haul, and refrigerated operations; domestic and international freight forwarding, and customs brokerage services.