Universal Logistics (NASDAQ:ULH) Stock Rating Upgraded by Wall Street Zen

Universal Logistics (NASDAQ:ULH) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Other analysts have also issued reports about the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Universal Logistics in a research note on Monday, December 29th. Stifel Nicolaus dropped their target price on shares of Universal Logistics from $18.00 to $17.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. Finally, Zacks Research upgraded shares of Universal Logistics from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $17.00.

Universal Logistics Stock Up 2.9%

Shares of Universal Logistics stock opened at $14.48 on Friday. The stock’s fifty day moving average is $16.70 and its 200-day moving average is $18.05. The firm has a market capitalization of $381.55 million, a PE ratio of -6.73 and a beta of 0.91. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.34. Universal Logistics has a 12-month low of $12.78 and a 12-month high of $30.76.

Universal Logistics (NASDAQ:ULH) last announced its earnings results on Friday, March 13th. The transportation company reported $0.14 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.19. The business had revenue of $385.43 million during the quarter, compared to the consensus estimate of $376.10 million. Universal Logistics had a positive return on equity of 4.01% and a negative net margin of 3.64%. Equities analysts anticipate that Universal Logistics will post 2.81 earnings per share for the current year.

Institutional Investors Weigh In On Universal Logistics

Several hedge funds have recently bought and sold shares of the business. Millennium Management LLC acquired a new stake in Universal Logistics during the 4th quarter worth about $322,000. Royal Bank of Canada grew its stake in Universal Logistics by 208.2% during the 4th quarter. Royal Bank of Canada now owns 31,703 shares of the transportation company’s stock valued at $482,000 after acquiring an additional 21,416 shares in the last quarter. Barclays PLC increased its holdings 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 purchased a new stake in shares of Universal Logistics in the fourth quarter worth approximately $340,000. Finally, Wells Fargo & Company MN lifted its position in shares of 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 purchasing an additional 2,396 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.