Universal Logistics (NASDAQ:ULH) Shares Pass Below Fifty Day Moving Average – Here’s Why

Universal Logistics Holdings, Inc. (NASDAQ:ULH) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $16.56 and traded as low as $16.01. Universal Logistics shares last traded at $16.63, with a volume of 38,484 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ULH. Wall Street Zen raised Universal Logistics from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Zacks Research raised Universal Logistics from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Universal Logistics in a research report on Monday, December 29th. Finally, Stifel Nicolaus decreased their price objective on shares of Universal Logistics from $18.00 to $17.00 and set a “hold” rating for the company in a report on Tuesday, December 16th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Universal Logistics currently has an average rating of “Reduce” and an average price target of $17.00.

Universal Logistics Price Performance

The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.24. The stock has a fifty day simple moving average of $16.56 and a 200-day simple moving average of $18.79. The stock has a market cap of $437.87 million, a price-to-earnings ratio of -10.94 and a beta of 0.93.

Hedge Funds Weigh In On Universal Logistics

Large investors have recently bought and sold shares of the stock. Millennium Management LLC acquired a new stake in Universal Logistics in the 4th quarter worth $322,000. Royal Bank of Canada lifted its stake in shares of Universal Logistics by 208.2% in the fourth quarter. Royal Bank of Canada now owns 31,703 shares of the transportation company’s stock valued at $482,000 after buying an additional 21,416 shares during the period. Barclays PLC grew its position in Universal Logistics by 10.7% during the fourth quarter. Barclays PLC now owns 10,557 shares of the transportation company’s stock worth $160,000 after buying an additional 1,019 shares in the last quarter. Walleye Capital LLC acquired a new stake in Universal Logistics during the fourth quarter worth about $340,000. Finally, Wells Fargo & Company MN increased its stake in Universal Logistics by 46.2% during the fourth 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 during the period. 25.50% of the stock is currently owned by institutional investors and hedge funds.

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.