Universal Logistics (NASDAQ:ULH) Price Target Cut to $15.00 by Analysts at Stifel Nicolaus

Universal Logistics (NASDAQ:ULH) had its target price lowered by stock analysts at Stifel Nicolaus from $17.00 to $15.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price target would indicate a potential downside of 0.79% from the stock’s current price.

A number of other equities research analysts have also issued reports on ULH. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Universal Logistics in a report on Wednesday, June 24th. Zacks Research downgraded shares of Universal Logistics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $15.00.

Universal Logistics Stock Performance

NASDAQ ULH opened at $15.12 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.18. Universal Logistics has a twelve month low of $11.73 and a twelve month high of $30.76. The business has a 50-day moving average price of $15.04 and a 200-day moving average price of $17.14. The firm has a market cap of $398.71 million, a price-to-earnings ratio of -6.02 and a beta of 0.68.

Universal Logistics (NASDAQ:ULH) last issued its earnings results on Friday, May 1st. The transportation company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.22). Universal Logistics had a negative net margin of 4.29% and a positive return on equity of 2.65%. The business had revenue of $367.57 million for the quarter, compared to the consensus estimate of $372.30 million. As a group, equities research analysts predict that Universal Logistics will post 0.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets grew its holdings in shares of Universal Logistics by 102.3% in the third quarter. BNP Paribas Financial Markets now owns 1,428 shares of the transportation company’s stock worth $33,000 after purchasing an additional 722 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of Universal Logistics by 104.4% during the fourth quarter. State of Alaska Department of Revenue now owns 2,765 shares of the transportation company’s stock valued at $41,000 after buying an additional 1,412 shares during the period. Archer Investment Corp purchased a new position in Universal Logistics during the 1st quarter valued at about $48,000. Tower Research Capital LLC TRC boosted its stake in shares of Universal Logistics by 403.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,130 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 1,707 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in Universal Logistics by 46.2% during the 4th quarter. Wells Fargo & Company MN now owns 7,579 shares of the transportation company’s stock valued at $115,000 after acquiring an additional 2,396 shares in the last quarter. Institutional investors own 25.50% of the company’s stock.

About Universal Logistics

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.