Universal Logistics (NASDAQ:ULH) Downgraded by Zacks Research to “Strong Sell”

Universal Logistics (NASDAQ:ULH) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Wednesday,Zacks.com reports.

Several other equities analysts have also recently commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Universal Logistics in a research note on Wednesday, June 24th. Stifel Nicolaus cut their price target on shares of Universal Logistics from $17.00 to $15.00 and set a “hold” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Universal Logistics has an average rating of “Sell” and a consensus price target of $15.00.

Universal Logistics Stock Up 8.2%

ULH stock opened at $14.74 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $388.69 million, a PE ratio of -5.87 and a beta of 0.68. Universal Logistics has a twelve month low of $11.73 and a twelve month high of $30.76. The stock has a 50-day simple moving average of $15.06 and a two-hundred day simple moving average of $17.12.

Universal Logistics (NASDAQ:ULH) last announced its quarterly earnings results on Friday, May 1st. The transportation company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.22). Universal Logistics had a negative net margin of 4.29% and a positive return on equity of 2.65%. The company had revenue of $367.57 million for the quarter, compared to the consensus estimate of $372.30 million. On average, equities analysts predict that Universal Logistics will post 0.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its stake in Universal Logistics by 102.3% in the third 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. State of Alaska Department of Revenue lifted its position in Universal Logistics by 104.4% during the fourth quarter. State of Alaska Department of Revenue now owns 2,765 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 1,412 shares during the last quarter. Archer Investment Corp purchased a new position in Universal Logistics in the 1st quarter worth approximately $48,000. Tower Research Capital LLC TRC grew its stake in Universal Logistics by 403.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,130 shares of the transportation company’s stock worth $54,000 after buying an additional 1,707 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Universal Logistics by 46.2% in the 4th 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 during the last quarter. 25.50% of the stock is currently owned by institutional investors.

Universal Logistics Company Profile

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.