Universal Logistics (ULH) Downgraded by BidaskClub to Buy

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BidaskClub cut shares of Universal Logistics (NASDAQ:ULH) from a strong-buy rating to a buy rating in a report issued on Friday.

ULH has been the subject of a number of other research reports. Stifel Nicolaus increased their target price on shares of Universal Logistics from $28.00 to $35.00 and gave the stock a hold rating in a research report on Monday, July 30th. ValuEngine upgraded shares of Universal Logistics from a buy rating to a strong-buy rating in a research report on Monday, July 30th. Zacks Investment Research upgraded shares of Universal Logistics from a hold rating to a strong-buy rating and set a $41.00 target price for the company in a research report on Tuesday, August 21st. Finally, Citigroup increased their target price on shares of Universal Logistics from $26.00 to $33.00 and gave the stock a neutral rating in a research report on Monday, July 30th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $36.33.

Shares of NASDAQ:ULH traded down $0.18 during mid-day trading on Friday, hitting $33.20. The stock had a trading volume of 66,372 shares, compared to its average volume of 58,728. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $1.04 billion, a PE ratio of 45.48 and a beta of 1.45. Universal Logistics has a 12-month low of $20.38 and a 12-month high of $37.67.

Universal Logistics (NASDAQ:ULH) last issued its quarterly earnings results on Thursday, July 26th. The transportation company reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.24. The business had revenue of $365.93 million during the quarter, compared to the consensus estimate of $316.60 million. Universal Logistics had a net margin of 3.70% and a return on equity of 24.39%. On average, equities analysts predict that Universal Logistics will post 1.88 earnings per share for the current year.

In other news, Director H.E. Wolfe sold 10,065 shares of the firm’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $35.25, for a total transaction of $354,791.25. Following the transaction, the director now owns 25,000 shares in the company, valued at approximately $881,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeff Rogers sold 7,500 shares of the firm’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $35.25, for a total transaction of $264,375.00. Following the transaction, the chief executive officer now owns 41,000 shares in the company, valued at approximately $1,445,250. The disclosure for this sale can be found here. 71.00% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in ULH. Dimensional Fund Advisors LP grew its stake in Universal Logistics by 6.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 493,481 shares of the transportation company’s stock valued at $10,437,000 after buying an additional 29,880 shares during the last quarter. Meeder Asset Management Inc. grew its position in Universal Logistics by 955.2% in the 2nd quarter. Meeder Asset Management Inc. now owns 8,347 shares of the transportation company’s stock worth $219,000 after purchasing an additional 7,556 shares during the last quarter. Sterling Capital Management LLC acquired a new stake in Universal Logistics in the 2nd quarter worth $879,000. Strs Ohio grew its position in Universal Logistics by 308.8% in the 2nd quarter. Strs Ohio now owns 27,800 shares of the transportation company’s stock worth $729,000 after purchasing an additional 21,000 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Universal Logistics by 1,306.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 20,225 shares of the transportation company’s stock worth $531,000 after purchasing an additional 18,787 shares during the last quarter. Institutional investors and hedge funds own 26.58% of the company’s stock.

Universal Logistics Company Profile

Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. It offers transportation services including dry van, flatbed, heavy haul, and refrigerated services; domestic and international freight forwarding and customs brokerage services; and final mile and ground expedite services.

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