Universal Logistics (NASDAQ:ULH) Rating Increased to Hold a... - Jonathan Cartu - Moving & Transportation Services
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Universal Logistics (NASDAQ:ULH) Rating Increased to Hold a…

Universal Logistics (NASDAQ:ULH) Rating Increased to Hold a…


Universal Logistics (NASDAQ:ULH) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Saturday, BidAskClub reports.

ULH has been the subject of a number of other reports. ValuEngine raised Universal Logistics from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Stifel Nicolaus raised Universal Logistics from a “hold” rating to a “buy” rating and decreased their target price for the company from $31.00 to $30.00 in a research report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $27.67.

Shares of NASDAQ ULH opened at $20.95 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.56. The business has a fifty day simple moving average of $20.55 and a two-hundred day simple moving average of $21.16. The firm has a market cap of $544.97 million, a PE ratio of 10.07 and a beta of 2.12. Universal Logistics has a twelve month low of $17.40 and a twelve month high of $37.45.

Universal Logistics (NASDAQ:ULH) last issued its earnings results on Thursday, July 25th. The transportation company reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.06). The firm had revenue of $383.18 million for the quarter. Universal Logistics had a net margin of 4.03% and a return on equity of 31.13%. On average, research analysts expect that Universal Logistics will post 2.55 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ULH. Dimensional Fund Advisors LP raised its stake in Universal Logistics by 8.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 609,609 shares of the transportation company’s stock valued at $11,028,000 after purchasing an additional 46,685 shares during the period. Deutsche Bank AG raised its stake in Universal Logistics by 51.6% during the 4th quarter. Deutsche Bank AG now owns 56,029 shares of the transportation company’s stock valued at $1,012,000 after purchasing an additional 19,079 shares during the period. BNP Paribas Arbitrage SA raised its stake in Universal Logistics by 57,566.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,730 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 1,727 shares during the period. Janney Montgomery Scott LLC raised its stake in Universal Logistics by 81.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 18,907 shares of the transportation company’s stock valued at $372,000 after purchasing an additional 8,481 shares during the period. Finally, Wedge Capital Management L L P NC raised its stake in Universal Logistics by 21.4% during the 1st quarter. Wedge Capital Management L L P NC now owns 57,718 shares of the transportation company’s stock valued at $1,136,000 after purchasing an additional 10,156 shares during the period. 26.57% of the stock is owned by hedge funds and other institutional investors.

Universal Logistics Company Profile

Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. It offers transportation services including dry van, flatbed, heavy haul, and refrigerated services; domestic and international freight forwarding and customs brokerage services; and final mile and ground expedite services.

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