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

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

Several other brokerages have also commented on ULH. Wall Street Zen upgraded Universal Logistics from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Universal Logistics in a report on Wednesday, June 24th. Finally, Stifel Nicolaus decreased their target price on Universal Logistics from $17.00 to $15.00 and set a “hold” rating for the company in a report on Wednesday, July 15th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $15.00.

Universal Logistics Stock Down 0.2%

Shares of NASDAQ ULH opened at $18.85 on Monday. The stock has a market capitalization of $497.07 million, a PE ratio of -10.24 and a beta of 0.75. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.06. The firm has a fifty day moving average of $17.42 and a 200-day moving average of $17.48. Universal Logistics has a 52-week low of $11.73 and a 52-week high of $25.83.

Universal Logistics (NASDAQ:ULH) last issued its earnings results on Friday, July 31st. The transportation company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. Universal Logistics had a positive return on equity of 1.99% and a negative net margin of 3.16%.The business had revenue of $379.32 million for the quarter, compared to analyst estimates of $380.40 million. On average, analysts anticipate that Universal Logistics will post 0.5 EPS for the current year.

Institutional Trading of Universal Logistics

Several large investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC acquired a new position in shares of Universal Logistics during the second quarter worth about $1,423,000. BlackRock Inc. acquired a new stake in shares of Universal Logistics in the second quarter valued at about $8,082,000. Deutsche Bank AG acquired a new stake in shares of Universal Logistics in the second quarter valued at about $75,000. Bank of New York Mellon Corp purchased a new stake in shares of Universal Logistics during the 2nd quarter valued at about $2,770,000. Finally, Quantinno Capital Management LP raised its holdings in shares of Universal Logistics by 118.9% during the 1st quarter. Quantinno Capital Management LP now owns 37,766 shares of the transportation company’s stock valued at $798,000 after buying an additional 20,511 shares during the period. 25.50% of the stock is currently owned by institutional investors and hedge funds.

Universal Logistics Company Profile

Universal Logistics Holdings, Inc (NASDAQ: ULH) is a transportation and logistics company headquartered in Warren, Michigan. Through its operating subsidiaries, the company provides customized supply chain and freight services to manufacturers, retailers, and other commercial customers.

Universal’s services include contract carriage, dedicated transportation, truckload and brokerage operations, intermodal transportation, and final-mile delivery. The company also provides value-added logistics services, such as material handling, warehousing, sequencing, assembly, and other support for manufacturing and distribution operations.

The company serves customers across the United States, Canada, and Mexico, with a significant focus on the automotive and industrial sectors.