Universal Logistics (NASDAQ:ULH) Raised to “Hold” at Zacks Research

Universal Logistics (NASDAQ:ULH) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other research firms have also issued reports on ULH. Wall Street Zen upgraded Universal Logistics from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Stifel Nicolaus dropped their target price on Universal Logistics from $18.00 to $17.00 and set a “hold” rating for the company in a report on Tuesday, December 16th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Universal Logistics in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Universal Logistics currently has an average rating of “Reduce” and an average price target of $17.00.

Universal Logistics Trading Down 7.5%

Shares of ULH stock opened at $15.96 on Tuesday. Universal Logistics has a fifty-two week low of $12.78 and a fifty-two week high of $47.42. The firm has a market capitalization of $420.23 million, a P/E ratio of -10.50 and a beta of 0.92. The stock’s fifty day moving average is $15.45 and its two-hundred day moving average is $21.04. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.32 and a current ratio of 1.32.

Universal Logistics (NASDAQ:ULH) last posted its quarterly earnings results on Thursday, November 6th. The transportation company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. Universal Logistics had a negative net margin of 2.46% and a positive return on equity of 6.49%. The firm had revenue of $396.79 million for the quarter, compared to the consensus estimate of $422.80 million. Research analysts expect that Universal Logistics will post 2.81 earnings per share for the current fiscal year.

Institutional Trading of Universal Logistics

A number of hedge funds and other institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue acquired a new position in Universal Logistics in the third quarter valued at about $31,000. BNP Paribas Financial Markets raised its stake in shares of Universal Logistics by 102.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,428 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 722 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Universal Logistics by 403.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,130 shares of the transportation company’s stock worth $54,000 after acquiring an additional 1,707 shares during the last quarter. AlphaQuest LLC purchased a new position in shares of Universal Logistics during the 3rd quarter worth approximately $102,000. Finally, Strs Ohio acquired a new stake in Universal Logistics in the 1st quarter valued at approximately $315,000. 25.50% of the stock is owned by institutional investors and hedge funds.

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.