Universal Logistics (NASDAQ:ULH) Stock Rating Upgraded by StockNews.com

Universal Logistics (NASDAQ:ULHGet Free Report) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

Separately, Stifel Nicolaus raised shares of Universal Logistics from a “hold” rating to a “buy” rating and upped their price objective for the company from $35.00 to $36.00 in a research report on Wednesday, January 10th.

Check Out Our Latest Analysis on ULH

Universal Logistics Trading Up 2.5 %

Universal Logistics stock opened at $34.93 on Tuesday. The company’s fifty day simple moving average is $32.26 and its 200-day simple moving average is $27.75. The company has a quick ratio of 1.36, a current ratio of 1.39 and a debt-to-equity ratio of 0.58. Universal Logistics has a 12 month low of $20.85 and a 12 month high of $38.50. The stock has a market cap of $919.01 million, a P/E ratio of 9.87 and a beta of 1.07.

Universal Logistics (NASDAQ:ULHGet Free Report) last released its quarterly earnings data on Thursday, February 15th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.10. Universal Logistics had a net margin of 5.59% and a return on equity of 18.58%. The business had revenue of $390.92 million during the quarter, compared to analyst estimates of $377.30 million. As a group, sell-side analysts forecast that Universal Logistics will post 3.65 EPS for the current fiscal year.

Institutional Investors Weigh In On Universal Logistics

Hedge funds have recently bought and sold shares of the company. Point72 Middle East FZE acquired a new stake in Universal Logistics in the fourth quarter worth $30,000. Barclays PLC increased its position in shares of Universal Logistics by 532.5% during the fourth quarter. Barclays PLC now owns 1,929 shares of the transportation company’s stock worth $65,000 after acquiring an additional 1,624 shares in the last quarter. State of Wyoming increased its position in shares of Universal Logistics by 23.8% during the second quarter. State of Wyoming now owns 2,063 shares of the transportation company’s stock worth $59,000 after acquiring an additional 396 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Universal Logistics by 82.5% during the second quarter. Wells Fargo & Company MN now owns 2,709 shares of the transportation company’s stock worth $78,000 after acquiring an additional 1,225 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of Universal Logistics by 268.5% during the fourth quarter. Legal & General Group Plc now owns 2,716 shares of the transportation company’s stock worth $91,000 after acquiring an additional 1,979 shares in the last quarter. 24.65% of the stock is currently owned by institutional investors and hedge funds.

About Universal Logistics

(Get Free Report)

Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. The company 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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