Universal Logistics (NASDAQ:ULH) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Universal Logistics (NASDAQ:ULH) issued its earnings results on Friday. The transportation company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03, FiscalAI reports. Universal Logistics had a negative net margin of 4.29% and a positive return on equity of 2.65%.

Universal Logistics Price Performance

Shares of ULH remained flat at $13.38 during mid-day trading on Friday. 43,994 shares of the stock were exchanged, compared to its average volume of 60,181. The stock’s 50-day simple moving average is $15.42 and its two-hundred day simple moving average is $17.05. The stock has a market cap of $352.83 million, a PE ratio of -5.33 and a beta of 0.68. Universal Logistics has a twelve month low of $11.73 and a twelve month high of $27.24. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.18.

Analysts Set New Price Targets

Several brokerages recently commented on ULH. Zacks Research lowered shares of Universal Logistics from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 15th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Universal Logistics in a report on Wednesday, June 24th. Finally, Stifel Nicolaus cut their target price on Universal Logistics from $17.00 to $15.00 and set a “hold” rating on the stock in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Sell” and an average price target of $15.00.

Institutional Trading of Universal Logistics

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its stake in Universal Logistics by 102.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,428 shares of the transportation company’s stock valued at $33,000 after buying an additional 722 shares during the period. Barclays PLC lifted its stake in shares of Universal Logistics by 10.7% in the 4th quarter. Barclays PLC now owns 10,557 shares of the transportation company’s stock worth $160,000 after acquiring an additional 1,019 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of Universal Logistics by 7.1% in the second quarter. Lazard Asset Management LLC now owns 20,569 shares of the transportation company’s stock valued at $520,000 after acquiring an additional 1,361 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Universal Logistics by 403.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,130 shares of the transportation company’s stock valued at $54,000 after acquiring an additional 1,707 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Universal Logistics by 46.2% during the fourth quarter. Wells Fargo & Company MN now owns 7,579 shares of the transportation company’s stock worth $115,000 after acquiring an additional 2,396 shares during the period. Institutional investors and hedge funds own 25.50% of the company’s stock.

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.