Universal Logistics Holdings Inc (ULH) Receives $36.33 Consensus Price Target from Analysts

Universal Logistics Holdings Inc (NASDAQ:ULH) has been given an average recommendation of “Buy” by the six analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $36.33.

Several brokerages have commented on ULH. BidaskClub cut shares of Universal Logistics from a “strong-buy” rating to a “buy” rating in a research report on Friday. Stifel Nicolaus reissued a “hold” rating and set a $27.00 price target on shares of Universal Logistics in a research report on Wednesday, June 27th. Citigroup boosted their price target on shares of Universal Logistics from $26.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, July 30th. ValuEngine raised shares of Universal Logistics from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 30th. Finally, Zacks Investment Research raised shares of Universal Logistics from a “hold” rating to a “strong-buy” rating and set a $41.00 price target on the stock in a research report on Tuesday, August 21st.

ULH opened at $33.20 on Wednesday. The firm has a market capitalization of $1.04 billion, a P/E ratio of 45.48 and a beta of 1.45. Universal Logistics has a 12 month low of $20.38 and a 12 month high of $37.67. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.14.

Universal Logistics (NASDAQ:ULH) last posted its quarterly earnings data on Thursday, July 26th. The transportation company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.38 by $0.24. The business had revenue of $365.93 million for the quarter, compared to analysts’ expectations of $316.60 million. Universal Logistics had a net margin of 3.70% and a return on equity of 24.39%. As a group, equities analysts forecast that Universal Logistics will post 1.88 EPS for the current year.

In other news, Director H.E. Wolfe sold 10,065 shares of the company’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $35.25, for a total value of $354,791.25. Following the sale, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $881,250. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeff Rogers sold 7,500 shares of the company’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $35.25, for a total transaction of $264,375.00. Following the completion of the sale, the chief executive officer now directly owns 41,000 shares in the company, valued at $1,445,250. The disclosure for this sale can be found here. Insiders own 71.00% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Universal Logistics by 75.6% in the 2nd quarter. BlackRock Inc. now owns 1,019,888 shares of the transportation company’s stock valued at $26,770,000 after purchasing an additional 439,058 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Universal Logistics by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 531,576 shares of the transportation company’s stock valued at $13,954,000 after purchasing an additional 38,095 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Universal Logistics by 59.0% in the 2nd quarter. Renaissance Technologies LLC now owns 233,550 shares of the transportation company’s stock valued at $6,131,000 after purchasing an additional 86,650 shares during the period. Boston Partners raised its holdings in shares of Universal Logistics by 14.0% in the 2nd quarter. Boston Partners now owns 208,400 shares of the transportation company’s stock valued at $5,471,000 after purchasing an additional 25,645 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in shares of Universal Logistics by 24.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 171,600 shares of the transportation company’s stock valued at $4,505,000 after purchasing an additional 33,745 shares during the period. 26.58% of the stock is currently owned by institutional investors.

About Universal Logistics

Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. It offers transportation services including dry van, flatbed, heavy haul, and refrigerated services; domestic and international freight forwarding and customs brokerage services; and final mile and ground expedite services.

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