Universal Logistics (NASDAQ:ULH) Announces Earnings Results

Universal Logistics (NASDAQ:ULH) announced its quarterly earnings data on Friday. The transportation company reported $0.14 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.19, FiscalAI reports. The business had revenue of $385.43 million during the quarter, compared to analysts’ expectations of $376.10 million. Universal Logistics had a negative net margin of 2.46% and a positive return on equity of 6.49%.

Universal Logistics Stock Performance

ULH stock traded up $0.41 during midday trading on Friday, hitting $14.48. 48,940 shares of the stock traded hands, compared to its average volume of 47,470. Universal Logistics has a 1-year low of $12.78 and a 1-year high of $30.76. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.32 and a quick ratio of 1.32. The stock’s fifty day simple moving average is $16.72 and its 200-day simple moving average is $18.25. The firm has a market cap of $381.55 million, a P/E ratio of -9.53 and a beta of 0.91.

Institutional Investors Weigh In On Universal Logistics

Institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC purchased a new position in Universal Logistics in the 1st quarter worth approximately $789,000. First Trust Advisors LP grew its position in shares of Universal Logistics by 5.3% in the third quarter. First Trust Advisors LP now owns 136,107 shares of the transportation company’s stock valued at $3,190,000 after purchasing an additional 6,854 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Universal Logistics by 4.3% in the second quarter. Geode Capital Management LLC now owns 193,413 shares of the transportation company’s stock valued at $4,910,000 after purchasing an additional 8,039 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Universal Logistics by 5.0% in the first quarter. Empowered Funds LLC now owns 108,268 shares of the transportation company’s stock valued at $2,841,000 after purchasing an additional 5,136 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its position in Universal Logistics by 7.1% during the second quarter. Lazard Asset Management LLC now owns 20,569 shares of the transportation company’s stock worth $520,000 after buying an additional 1,361 shares in the last quarter. Institutional investors and hedge funds own 25.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Stifel Nicolaus decreased their target price on shares of Universal Logistics from $18.00 to $17.00 and set a “hold” rating for the company in a research report on Tuesday, December 16th. Weiss Ratings restated a “sell (d)” rating on shares of Universal Logistics in a research note on Monday, December 29th. Finally, Zacks Research upgraded Universal Logistics from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Universal Logistics presently has an average rating of “Reduce” and a consensus target price of $17.00.

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.