Universal Logistics (NASDAQ:ULH) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

Universal Logistics Holdings, Inc. (NASDAQ:ULH) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $16.66 and traded as low as $15.49. Universal Logistics shares last traded at $16.18, with a volume of 46,035 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ULH. Stifel Nicolaus cut their price target on Universal Logistics from $18.00 to $17.00 and set a “hold” rating on the stock in a report on Tuesday, December 16th. Wall Street Zen raised shares of Universal Logistics from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “sell (d)” rating on shares of Universal Logistics in a research note on Monday, December 29th. Finally, Zacks Research raised Universal Logistics from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $17.00.

Universal Logistics Price Performance

The stock has a 50-day moving average of $16.68 and a two-hundred day moving average of $19.14. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.24. The firm has a market cap of $448.66 million, a price-to-earnings ratio of -10.89 and a beta of 0.93.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ULH. Royal Bank of Canada raised its holdings in shares of Universal Logistics by 208.2% during the fourth quarter. Royal Bank of Canada now owns 31,703 shares of the transportation company’s stock worth $482,000 after acquiring an additional 21,416 shares in the last quarter. Barclays PLC grew 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 buying an additional 1,019 shares in the last quarter. Walleye Capital LLC acquired a new stake in Universal Logistics in the fourth quarter valued at approximately $340,000. Wells Fargo & Company MN increased its stake in shares of Universal Logistics by 46.2% during the 4th quarter. Wells Fargo & Company MN now owns 7,579 shares of the transportation company’s stock worth $115,000 after purchasing an additional 2,396 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in Universal Logistics by 19.8% in the fourth quarter. Jane Street Group LLC now owns 15,110 shares of the transportation company’s stock worth $230,000 after purchasing an additional 2,501 shares in the last quarter. 25.50% of the stock is owned by hedge funds and other institutional investors.

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.