Universal Logistics (NASDAQ:ULH) Raised to Strong-Buy at Zacks Research

Universal Logistics (NASDAQ:ULH) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday, Zacks reports.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings restated a “sell (d)” rating on shares of Universal Logistics in a research report on Monday, September 21st. Wall Street Zen raised Universal Logistics from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Stifel Nicolaus reduced their price target on Universal Logistics from $17.00 to $15.00 and set a “hold” rating for the company in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Universal Logistics currently has an average rating of “Hold” and an average target price of $15.00.

Universal Logistics Stock Performance

Shares of ULH stock opened at $29.47 on Wednesday. The stock has a market capitalization of $777.12 million, a P/E ratio of 17.44 and a beta of 0.69. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.06. The firm’s 50 day moving average is $18.71 and its 200 day moving average is $17.64. Universal Logistics has a 12 month low of $11.73 and a 12 month high of $33.87.

Universal Logistics (NASDAQ:ULH) last released its quarterly earnings data on Thursday, October 29th. The transportation company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.32 by $0.37. Universal Logistics had a net margin of 2.92% and a return on equity of 4.11%. The company had revenue of $394.05 million during the quarter, compared to the consensus estimate of $390.00 million. On average, sell-side analysts anticipate that Universal Logistics will post 1.06 earnings per share for the current year.

Hedge Funds Weigh In On Universal Logistics

A number of large investors have recently modified their holdings of ULH. Archer Investment Corp purchased a new position in Universal Logistics during the first quarter valued at approximately $48,000. Deutsche Bank AG purchased a new stake in Universal Logistics in the 2nd quarter worth approximately $75,000. Quantinno Capital Management LP lifted its stake 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 worth $798,000 after purchasing an additional 20,511 shares in the last quarter. Empowered Funds LLC purchased a new stake in Universal Logistics in the 2nd quarter worth approximately $1,423,000. Finally, Bank of New York Mellon Corp bought a new position in Universal Logistics in the 2nd quarter valued at $2,770,000. 25.50% of the stock is currently owned by institutional investors.

Universal Logistics Company Profile

Universal Logistics Holdings, Inc provides transportation and logistics services throughout the United States, Canada and Mexico. The company serves automotive, industrial, retail and other commercial customers with customized supply-chain solutions designed to move freight and support manufacturing and distribution operations.

Its services include contract logistics, dedicated transportation, truckload and intermodal transportation, freight brokerage, drayage, and value-added services.