Universal Logistics (NASDAQ:ULH) Releases Quarterly Earnings Results, Beats Estimates By $0.19 EPS

Universal Logistics (NASDAQ:ULH) announced its quarterly earnings results on Friday. The transportation company reported $0.14 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.19, FiscalAI reports. Universal Logistics had a negative net margin of 2.46% and a positive return on equity of 6.49%. The firm had revenue of $385.43 million for the quarter, compared to analysts’ expectations of $376.10 million.

Universal Logistics Trading Up 2.9%

ULH traded up $0.41 on Friday, hitting $14.48. The company had a trading volume of 48,940 shares, compared to its average volume of 47,470. The company’s fifty day moving average price is $16.72 and its 200 day moving average price is $18.25. Universal Logistics has a 1 year low of $12.78 and a 1 year high of $30.76. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.24. The firm has a market cap of $381.55 million, a P/E ratio of -9.53 and a beta of 0.91.

Institutional Investors Weigh In On Universal Logistics

A number of institutional investors have recently made changes to their positions in ULH. Geode Capital Management LLC grew its stake in shares of Universal Logistics by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 200,020 shares of the transportation company’s stock worth $3,039,000 after acquiring an additional 7,339 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Universal Logistics by 5.3% in the third quarter. First Trust Advisors LP now owns 136,107 shares of the transportation company’s stock valued at $3,190,000 after acquiring an additional 6,854 shares in the last quarter. Empowered Funds LLC boosted its holdings in Universal Logistics by 5.0% in the first quarter. Empowered Funds LLC now owns 108,268 shares of the transportation company’s stock valued at $2,841,000 after purchasing an additional 5,136 shares during the period. Royal Bank of Canada boosted its holdings in Universal Logistics by 208.2% in the fourth quarter. Royal Bank of Canada now owns 31,703 shares of the transportation company’s stock valued at $482,000 after purchasing an additional 21,416 shares during the period. Finally, AQR Capital Management LLC acquired a new position in Universal Logistics during the 1st quarter worth $789,000. 25.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ULH has been the topic of a number of analyst reports. Zacks Research raised shares of Universal Logistics from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Universal Logistics in a research note on Monday, December 29th. Finally, Stifel Nicolaus cut their price target on shares of Universal Logistics from $18.00 to $17.00 and set a “hold” rating for the company in a report on Tuesday, December 16th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Universal Logistics presently has an average rating of “Reduce” and a consensus target price of $17.00.

Universal Logistics Company Profile

Universal Logistics Holdings, Inc is a diversified, asset-light third-party logistics provider offering transportation and supply chain solutions across North America and around the globe. Its service portfolio encompasses truckload, less-than-truckload, intermodal, and specialized freight services, supported by dedicated brokerage, warehousing, and distribution management capabilities.

Originally incorporated as Universal Truckload Services, Inc, the company has evolved beyond its core truckload heritage to a one-stop logistics platform.