Universal Logistics (NASDAQ:ULH) Shares Gap Down to $30.94

Universal Logistics Holdings, Inc. (NASDAQ:ULHGet Free Report)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $30.94, but opened at $30.26. Universal Logistics shares last traded at $30.26, with a volume of 918 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have commented on ULH. StockNews.com cut shares of Universal Logistics from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Stifel Nicolaus upgraded shares of Universal Logistics from a “hold” rating to a “buy” rating and increased their price target for the company from $35.00 to $36.00 in a research note on Wednesday, January 10th.

Read Our Latest Stock Analysis on ULH

Universal Logistics Trading Up 1.5 %

The business’s 50 day moving average price is $28.62 and its 200-day moving average price is $26.92. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.62. The company has a market cap of $825.19 million, a price-to-earnings ratio of 7.85 and a beta of 1.07.

Institutional Trading of Universal Logistics

A number of hedge funds have recently modified their holdings of ULH. Bank of New York Mellon Corp lifted its stake in shares of Universal Logistics by 3.4% during the 1st quarter. Bank of New York Mellon Corp now owns 174,476 shares of the transportation company’s stock worth $3,516,000 after buying an additional 5,784 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Universal Logistics by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 670,525 shares of the transportation company’s stock worth $13,513,000 after acquiring an additional 18,919 shares during the period. Vanguard Group Inc. increased its position in Universal Logistics by 2.5% during the first quarter. Vanguard Group Inc. now owns 333,886 shares of the transportation company’s stock worth $6,727,000 after acquiring an additional 8,148 shares during the period. Engineers Gate Manager LP bought a new position in Universal Logistics during the first quarter worth about $250,000. Finally, State Street Corp increased its position in Universal Logistics by 2.9% during the first quarter. State Street Corp now owns 136,148 shares of the transportation company’s stock worth $2,758,000 after acquiring an additional 3,817 shares during the period. Institutional investors and hedge funds own 24.65% of the company’s stock.

About Universal Logistics

(Get Free Report)

Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. It offers truckload services, which include dry van, flatbed, heavy-haul, and refrigerated operations; domestic and international freight forwarding, and customs brokerage services.

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