Universal Logistics (NASDAQ:ULH) Upgraded to “Hold” at Zacks Research

Universal Logistics (NASDAQ:ULH) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Several other research firms have also commented on ULH. Weiss Ratings restated a “sell (d)” rating on shares of Universal Logistics in a report on Monday, December 29th. Wall Street Zen raised shares of Universal Logistics from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Stifel Nicolaus cut 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 note on Tuesday, December 16th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Universal Logistics currently has an average rating of “Reduce” and a consensus price target of $17.00.

Universal Logistics Stock Down 7.5%

Shares of ULH opened at $15.96 on Tuesday. Universal Logistics has a fifty-two week low of $12.78 and a fifty-two week high of $47.42. The company’s fifty day moving average is $15.45 and its two-hundred day moving average is $21.04. The firm has a market cap of $420.23 million, a PE ratio of -10.50 and a beta of 0.92. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.24.

Universal Logistics (NASDAQ:ULH) last posted its quarterly earnings results on Thursday, November 6th. The transportation company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. The firm had revenue of $396.79 million during the quarter, compared to the consensus estimate of $422.80 million. Universal Logistics had a positive return on equity of 6.49% and a negative net margin of 2.46%. Analysts forecast that Universal Logistics will post 2.81 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new stake in Universal Logistics during the 3rd quarter worth $31,000. BNP Paribas Financial Markets boosted its position in 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 buying an additional 722 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of 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 acquiring an additional 1,707 shares in the last quarter. AlphaQuest LLC purchased a new stake in shares of Universal Logistics during the third quarter worth about $102,000. Finally, Strs Ohio purchased a new stake in shares of Universal Logistics during the first quarter worth about $315,000. 25.50% of the stock is currently owned by hedge funds and other 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.