Universal Logistics (NASDAQ:ULH) Upgraded to “Strong-Buy” at Wall Street Zen

Universal Logistics (NASDAQ:ULH) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other brokerages have also commented on ULH. Weiss Ratings reissued a “sell (d)” rating on shares of Universal Logistics in a report on Monday, September 21st. Zacks Research raised Universal Logistics from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Finally, Stifel Nicolaus decreased their target price 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 analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $15.00.

Universal Logistics Stock Down 8.0%

ULH stock opened at $27.12 on Friday. Universal Logistics has a 12-month low of $11.73 and a 12-month high of $33.87. The company has a 50 day moving average of $18.88 and a two-hundred day moving average of $17.69. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.06. The company has a market cap of $715.15 million, a price-to-earnings ratio of 33.19 and a beta of 0.69.

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

Institutional Trading of Universal Logistics

Hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of Universal Logistics during the 2nd quarter worth $8,082,000. Bank of New York Mellon Corp acquired a new stake in shares of Universal Logistics in the second quarter valued at approximately $2,770,000. Empowered Funds LLC acquired a new stake in shares of Universal Logistics in the second quarter valued at about $1,423,000. Russell Investments Group Ltd. lifted its position in Universal Logistics by 992.9% during the third quarter. Russell Investments Group Ltd. now owns 44,206 shares of the transportation company’s stock valued at $764,000 after purchasing an additional 40,161 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its stake in shares of Universal Logistics by 118.9% in the first quarter. Quantinno Capital Management LP now owns 37,766 shares of the transportation company’s stock worth $798,000 after buying an additional 20,511 shares in the last quarter. 25.50% of the stock is owned by institutional investors and hedge funds.

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.