Universal Logistics (NASDAQ:ULH) Posts Earnings Results, Beats Estimates By $0.03 EPS

Universal Logistics (NASDAQ:ULH) released its quarterly earnings data on Friday. The transportation company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03, FiscalAI reports. Universal Logistics had a negative net margin of 4.29% and a positive return on equity of 2.65%.

Universal Logistics Price Performance

Shares of ULH stock remained flat at $13.38 during trading hours on Friday. The stock had a trading volume of 44,010 shares, compared to its average volume of 60,183. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.18. The firm has a market cap of $352.83 million, a PE ratio of -5.33 and a beta of 0.68. The company has a 50 day moving average price of $15.42 and a 200-day moving average price of $17.05. Universal Logistics has a 12 month low of $11.73 and a 12 month high of $27.24.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. 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 research note on Wednesday, July 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Universal Logistics in a research note on Wednesday, June 24th. Finally, Zacks Research cut Universal Logistics from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 15th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Universal Logistics currently has a consensus rating of “Sell” and a consensus target price of $15.00.

Institutional Investors Weigh In On Universal Logistics

Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of Universal Logistics by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 200,020 shares of the transportation company’s stock valued at $3,039,000 after purchasing an additional 7,339 shares during the last quarter. First Trust Advisors LP lifted its holdings in Universal Logistics by 5.3% in the third quarter. First Trust Advisors LP now owns 136,107 shares of the transportation company’s stock valued at $3,190,000 after buying an additional 6,854 shares during the period. Empowered Funds LLC boosted its stake in Universal Logistics by 5.0% in the first quarter. Empowered Funds LLC now owns 108,268 shares of the transportation company’s stock valued at $2,841,000 after acquiring an additional 5,136 shares during the last quarter. Royal Bank of Canada boosted its stake in Universal Logistics by 208.2% in the fourth 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 during the last quarter. Finally, AQR Capital Management LLC acquired a new stake in Universal Logistics during the 1st quarter worth $789,000. Institutional investors own 25.50% of the company’s stock.

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.