Universal Logistics (NASDAQ:ULH) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Universal Logistics (NASDAQ:ULH) had its price target hoisted by investment analysts at Stifel Nicolaus from $42.00 to $44.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price target would suggest a potential downside of 2.45% from the company’s previous close.

Universal Logistics Trading Up 2.5 %

ULH traded up $1.10 during trading hours on Thursday, reaching $45.11. The company’s stock had a trading volume of 24,986 shares, compared to its average volume of 34,767. Universal Logistics has a fifty-two week low of $28.00 and a fifty-two week high of $53.29. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a market cap of $1.19 billion, a PE ratio of 9.05 and a beta of 0.92. The business’s 50-day moving average is $46.97 and its 200-day moving average is $44.08.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Universal Logistics in the third quarter valued at $143,000. PDT Partners LLC purchased a new stake in shares of Universal Logistics during the third quarter worth approximately $301,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Universal Logistics in the 3rd quarter valued at $358,000. Jane Street Group LLC raised its stake in Universal Logistics by 23.8% during the 3rd quarter. Jane Street Group LLC now owns 9,276 shares of the transportation company’s stock worth $400,000 after acquiring an additional 1,783 shares in the last quarter. Finally, Barclays PLC boosted its stake in Universal Logistics by 339.7% in the third quarter. Barclays PLC now owns 10,952 shares of the transportation company’s stock valued at $473,000 after acquiring an additional 8,461 shares in the last quarter. 25.50% of the stock is currently owned by institutional investors and hedge funds.

About Universal Logistics

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.