Universal Logistics (NASDAQ:ULH) Raised to “Strong-Buy” at Zacks Research

Universal Logistics (NASDAQ:ULH) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

Other research analysts have also issued research reports about the company. Wall Street Zen raised Universal Logistics from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Stifel Nicolaus reduced their target price on Universal Logistics from $18.00 to $17.00 and set a “hold” rating on the stock in a research note on Tuesday, December 16th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Universal Logistics in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.00.

Universal Logistics Price Performance

ULH stock opened at $16.20 on Tuesday. The stock has a market capitalization of $426.87 million, a price-to-earnings ratio of -7.53 and a beta of 0.91. The firm’s 50-day moving average price is $16.68 and its two-hundred day moving average price is $17.90. The company has a current ratio of 1.20, a quick ratio of 1.32 and a debt-to-equity ratio of 1.26. Universal Logistics has a 12-month low of $12.78 and a 12-month high of $30.76.

Universal Logistics (NASDAQ:ULH) last posted its earnings results on Friday, March 13th. The transportation company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.19. The company had revenue of $385.43 million during the quarter, compared to analyst estimates of $376.10 million. Universal Logistics had a negative net margin of 3.64% and a positive return on equity of 4.13%. As a group, equities analysts predict that Universal Logistics will post 2.81 earnings per share for the current year.

Institutional Trading of Universal Logistics

Several large investors have recently bought and sold shares of ULH. Millennium Management LLC purchased a new position in shares of Universal Logistics during the 4th quarter worth approximately $322,000. Royal Bank of Canada lifted its stake in shares of Universal Logistics by 208.2% in the 4th quarter. Royal Bank of Canada now owns 31,703 shares of the transportation company’s stock valued at $482,000 after purchasing an additional 21,416 shares during the period. Barclays PLC lifted its stake in shares of Universal Logistics by 10.7% in the 4th quarter. Barclays PLC now owns 10,557 shares of the transportation company’s stock valued at $160,000 after purchasing an additional 1,019 shares during the period. Walleye Capital LLC bought a new stake in shares of Universal Logistics during the fourth quarter valued at approximately $340,000. Finally, Wells Fargo & Company MN boosted its position in shares of Universal Logistics by 46.2% during the fourth quarter. Wells Fargo & Company MN now owns 7,579 shares of the transportation company’s stock valued at $115,000 after purchasing an additional 2,396 shares in the last quarter. 25.50% of the stock is owned by institutional investors.

Universal Logistics Company Profile

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.