BidaskClub cut shares of Universal Logistics (NASDAQ:ULH) from a sell rating to a strong sell rating in a report released on Wednesday morning.
ULH has been the topic of several other research reports. ValuEngine lowered Universal Logistics from a buy rating to a hold rating in a research report on Friday, December 1st. TheStreet upgraded Universal Logistics from a c rating to a b- rating in a research report on Friday, February 23rd. Finally, Zacks Investment Research lowered Universal Logistics from a buy rating to a hold rating in a research report on Thursday, December 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $23.00.
Shares of Universal Logistics (ULH) opened at $21.80 on Wednesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.10 and a quick ratio of 1.10. Universal Logistics has a 52-week low of $11.65 and a 52-week high of $25.65. The company has a market capitalization of $630.50, a P/E ratio of 62.29 and a beta of 1.54.
Institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new stake in Universal Logistics in the 4th quarter worth approximately $114,000. Wells Fargo & Company MN boosted its position in Universal Logistics by 81.3% in the 3rd quarter. Wells Fargo & Company MN now owns 7,609 shares of the transportation company’s stock worth $155,000 after purchasing an additional 3,413 shares in the last quarter. Teachers Advisors LLC lifted its position in shares of Universal Logistics by 10.2% during the 2nd quarter. Teachers Advisors LLC now owns 12,660 shares of the transportation company’s stock valued at $190,000 after buying an additional 1,169 shares in the last quarter. Macquarie Group Ltd. purchased a new position in shares of Universal Logistics during the 4th quarter valued at approximately $245,000. Finally, Bessemer Group Inc. purchased a new position in shares of Universal Logistics during the 4th quarter valued at approximately $287,000. Institutional investors and hedge funds own 27.29% of the company’s stock.
Universal Logistics Company Profile
Universal Logistics Holdings, Inc, formerly Universal Truckload Services, Inc, is an asset-light provider of customized transportation and logistics solutions across the United States, Mexico, Canada and Colombia. The Company operates through two segments: the transportation segment and the logistics segment.
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