StockNews.com Lowers Universal Logistics (NASDAQ:ULH) to Hold

Universal Logistics (NASDAQ:ULH) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

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

Universal Logistics Trading Down 0.7 %

Shares of ULH stock opened at $32.88 on Wednesday. The company’s 50-day moving average price is $34.22 and its 200-day moving average price is $29.06. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.58. The stock has a market cap of $865.07 million, a price-to-earnings ratio of 9.29 and a beta of 1.08. Universal Logistics has a twelve month low of $20.85 and a twelve month high of $38.50.

Universal Logistics (NASDAQ:ULH) last posted its earnings results on Thursday, February 15th. The transportation company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.10. Universal Logistics had a net margin of 5.59% and a return on equity of 18.58%. The company had revenue of $390.92 million for the quarter, compared to analysts’ expectations of $377.30 million. As a group, equities analysts predict that Universal Logistics will post 3.65 earnings per share for the current year.

Institutional Investors Weigh In On Universal Logistics

Several hedge funds have recently modified their holdings of ULH. Bank of New York Mellon Corp raised its position in Universal Logistics by 3.4% in the first quarter. Bank of New York Mellon Corp now owns 174,476 shares of the transportation company’s stock worth $3,516,000 after acquiring an additional 5,784 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Universal Logistics by 2.9% in 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 in the last quarter. Vanguard Group Inc. raised its position in Universal Logistics by 2.5% in 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 in the last quarter. Engineers Gate Manager LP purchased a new position in Universal Logistics in the first quarter worth $250,000. Finally, State Street Corp raised its position in Universal Logistics by 2.9% in 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 in the last quarter. 25.50% of the stock is owned by institutional investors and hedge funds.

Universal Logistics Company Profile

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.