Universal Logistics (NASDAQ:ULH) Rating Increased to Hold at Zacks Research

Universal Logistics (NASDAQ:ULH) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

Several other analysts also recently commented on ULH. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Universal Logistics in a research note on Wednesday, June 24th. Wall Street Zen raised Universal Logistics from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, Stifel Nicolaus lowered their price target on Universal Logistics from $17.00 to $15.00 and set a “hold” rating for the company in a report on Wednesday, July 15th. 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 stock currently has an average rating of “Reduce” and a consensus target price of $15.00.

Universal Logistics Trading Down 0.2%

ULH opened at $18.85 on Monday. The firm’s fifty day moving average is $17.42 and its two-hundred day moving average is $17.48. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market cap of $497.07 million, a PE ratio of -10.24 and a beta of 0.75. Universal Logistics has a twelve month low of $11.73 and a twelve month high of $25.83.

Universal Logistics (NASDAQ:ULH) last announced its quarterly earnings results on Friday, July 31st. The transportation company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. Universal Logistics had a negative net margin of 3.16% and a positive return on equity of 1.99%. The company had revenue of $379.32 million for the quarter, compared to analysts’ expectations of $380.40 million. Equities research analysts anticipate that Universal Logistics will post 0.5 EPS for the current year.

Institutional Investors Weigh In On Universal Logistics

Several institutional investors have recently added to or reduced their stakes in the stock. Archer Investment Corp bought a new stake in shares of Universal Logistics during the 1st quarter worth about $48,000. Deutsche Bank AG acquired a new position in Universal Logistics in the 2nd quarter valued at about $75,000. Quantinno Capital Management LP raised its holdings in Universal Logistics by 118.9% in the 1st quarter. Quantinno Capital Management LP now owns 37,766 shares of the transportation company’s stock valued at $798,000 after acquiring an additional 20,511 shares during the period. Empowered Funds LLC bought a new position in Universal Logistics in the 2nd quarter valued at about $1,423,000. Finally, Bank of New York Mellon Corp acquired a new stake in Universal Logistics during the second quarter worth approximately $2,770,000. 25.50% of the stock is owned by institutional investors.

Universal Logistics Company Profile

Universal Logistics Holdings, Inc (NASDAQ: ULH) is a transportation and logistics company headquartered in Warren, Michigan. Through its operating subsidiaries, the company provides customized supply chain and freight services to manufacturers, retailers, and other commercial customers.

Universal’s services include contract carriage, dedicated transportation, truckload and brokerage operations, intermodal transportation, and final-mile delivery. The company also provides value-added logistics services, such as material handling, warehousing, sequencing, assembly, and other support for manufacturing and distribution operations.

The company serves customers across the United States, Canada, and Mexico, with a significant focus on the automotive and industrial sectors.