Universal Logistics (NASDAQ:ULH) Announces Earnings Results, Beats Expectations By $0.19 EPS

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

Universal Logistics Stock Performance

ULH stock opened at $14.48 on Friday. 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 business has a 50-day moving average price of $16.70 and a 200 day moving average price of $18.11. The company has a market capitalization of $381.55 million, a P/E ratio of -6.73 and a beta of 0.91. Universal Logistics has a 1-year low of $12.78 and a 1-year high of $30.76.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its holdings 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 purchasing an additional 722 shares in the last quarter. Barclays PLC boosted its stake in shares of Universal Logistics by 10.7% during the fourth 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 in the last quarter. Lazard Asset Management LLC increased its holdings 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 valued at $520,000 after buying an additional 1,361 shares during the period. Tower Research Capital LLC TRC increased its holdings in Universal Logistics by 403.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,130 shares of the transportation company’s stock valued at $54,000 after buying an additional 1,707 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Universal Logistics by 46.2% in the fourth quarter. Wells Fargo & Company MN now owns 7,579 shares of the transportation company’s stock worth $115,000 after buying an additional 2,396 shares in the last quarter. Hedge funds and other institutional investors own 25.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Zacks Research raised Universal Logistics from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Stifel Nicolaus lowered their price target on Universal Logistics from $18.00 to $17.00 and set a “hold” rating for the company in a research report on Tuesday, December 16th. Wall Street Zen upgraded shares of Universal Logistics from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Universal Logistics in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently 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.