Universal Logistics (NASDAQ:ULH) Cut to Hold at ValuEngine

Universal Logistics (NASDAQ:ULH) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, October 29th.

Other analysts have also issued research reports about the company. Citigroup boosted their target price on Universal Logistics from $26.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, July 30th. Stifel Nicolaus boosted their price target on shares of Universal Logistics from $28.00 to $35.00 and gave the stock a “hold” rating in a research note on Monday, July 30th. Loop Capital dropped their price target on shares of Universal Logistics to $31.00 and set a “hold” rating for the company in a research note on Monday, October 29th. BidaskClub downgraded shares of Universal Logistics from a “buy” rating to a “hold” rating in a research note on Friday, October 19th. Finally, Zacks Investment Research upgraded shares of Universal Logistics from a “hold” rating to a “strong-buy” rating and set a $41.00 price target for the company in a research note on Tuesday, August 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the company. Universal Logistics has a consensus rating of “Hold” and a consensus target price of $35.25.

Universal Logistics stock traded up $0.82 during midday trading on Monday, reaching $24.14. The company’s stock had a trading volume of 50,397 shares, compared to its average volume of 78,696. The stock has a market cap of $661.62 million, a PE ratio of 33.07 and a beta of 1.74. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.19. Universal Logistics has a 52 week low of $20.38 and a 52 week high of $37.67.

Universal Logistics (NASDAQ:ULH) last released its quarterly earnings results on Thursday, October 25th. The transportation company reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The firm had revenue of $374.29 million for the quarter, compared to analyst estimates of $341.00 million. Universal Logistics had a net margin of 4.86% and a return on equity of 26.53%. As a group, analysts expect that Universal Logistics will post 1.88 earnings per share for the current year.

Several large investors have recently made changes to their positions in ULH. Bank of Montreal Can purchased a new stake in shares of Universal Logistics in the second quarter valued at about $155,000. Ibex Investors LLC purchased a new position in Universal Logistics during the third quarter worth about $209,000. Meeder Asset Management Inc. raised its holdings in Universal Logistics by 955.2% during the second quarter. Meeder Asset Management Inc. now owns 8,347 shares of the transportation company’s stock worth $219,000 after purchasing an additional 7,556 shares in the last quarter. Spark Investment Management LLC purchased a new position in Universal Logistics during the second quarter worth about $231,000. Finally, MetLife Investment Advisors LLC purchased a new position in Universal Logistics during the third quarter worth about $231,000. 26.42% of the stock is owned by institutional investors and hedge funds.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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