Universal Logistics (NASDAQ:ULH) Rating Lowered to Hold at StockNews.com

Universal Logistics (NASDAQ:ULH) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

Separately, Stifel Nicolaus upgraded Universal Logistics from a “hold” rating to a “buy” rating and boosted their price objective for the company from $35.00 to $36.00 in a report on Wednesday, January 10th.

Universal Logistics Trading Up 1.3 %

NASDAQ ULH opened at $32.20 on Wednesday. The company has a market cap of $847.18 million, a price-to-earnings ratio of 9.10 and a beta of 1.08. Universal Logistics has a 52 week low of $20.85 and a 52 week high of $38.50. The business has a 50 day moving average price of $34.27 and a 200-day moving average price of $29.11. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.58.

Universal Logistics (NASDAQ:ULH) last released its quarterly earnings data on Thursday, February 15th. The transportation company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.71 by $0.10. The firm had revenue of $390.92 million during the quarter, compared to the consensus estimate of $377.30 million. Universal Logistics had a return on equity of 18.58% and a net margin of 5.59%. As a group, equities analysts expect that Universal Logistics will post 3.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ULH. FMR LLC boosted its position in shares of Universal Logistics by 16.3% during the third quarter. FMR LLC now owns 2,115,321 shares of the transportation company’s stock valued at $53,264,000 after buying an additional 295,701 shares during the last quarter. Norges Bank purchased a new position in shares of Universal Logistics during the fourth quarter valued at approximately $3,361,000. Vanguard Group Inc. boosted its position in shares of Universal Logistics by 29.1% during the third quarter. Vanguard Group Inc. now owns 410,810 shares of the transportation company’s stock valued at $13,031,000 after buying an additional 92,662 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Universal Logistics by 582.6% during the first quarter. AQR Capital Management LLC now owns 106,272 shares of the transportation company’s stock valued at $3,098,000 after buying an additional 90,704 shares during the last quarter. Finally, Scopus Asset Management L.P. purchased a new position in Universal Logistics in the second quarter worth $2,607,000. Hedge funds and other institutional investors own 25.50% of the company’s stock.

Universal Logistics Company Profile

Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. The company offers truckload services, which include dry van, flatbed, heavy-haul, and refrigerated operations; domestic and international freight forwarding, and customs brokerage services.