Zacks Research Downgrades Universal Logistics (NASDAQ:ULH) to Hold

Universal Logistics (NASDAQ:ULH) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

ULH has been the subject of a number of other reports. Wall Street Zen upgraded shares of Universal Logistics from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Stifel Nicolaus lowered their price target on shares of Universal Logistics from $20.00 to $17.00 and set a “hold” rating for the company in a report on Tuesday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Universal Logistics in a report on Friday, March 27th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $17.00.

Universal Logistics Trading Down 4.0%

NASDAQ:ULH opened at $13.42 on Wednesday. The company has a fifty day moving average of $19.50 and a 200 day moving average of $17.42. Universal Logistics has a 52 week low of $12.17 and a 52 week high of $30.76. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $353.62 million, a P/E ratio of -5.35 and a beta of 0.79.

Universal Logistics (NASDAQ:ULH) last posted its quarterly earnings results on Friday, May 1st. The transportation company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.22). Universal Logistics had a negative net margin of 4.29% and a positive return on equity of 2.61%. The firm had revenue of $367.58 million for the quarter, compared to the consensus estimate of $372.30 million. On average, research analysts predict that Universal Logistics will post 0.55 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ULH. State of Alaska Department of Revenue bought a new position in Universal Logistics in the 3rd quarter worth $31,000. BNP Paribas Financial Markets raised its holdings 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 worth $33,000 after purchasing an additional 722 shares in the last quarter. Archer Investment Corp bought a new position in Universal Logistics in the 1st quarter worth $48,000. Tower Research Capital LLC TRC raised its holdings 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 purchasing an additional 1,707 shares in the last quarter. Finally, AlphaQuest LLC bought a new position in Universal Logistics in the 3rd quarter worth $102,000. 25.50% of the stock is currently owned by 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.