Universal Logistics (NASDAQ:ULH) Shares Pass Below 50 Day Moving Average – What’s Next?

Universal Logistics Holdings, Inc. (NASDAQ:ULH)’s share price crossed 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 traded.

Analysts Set New Price Targets

ULH has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Universal Logistics in a research report on Monday, December 29th. 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. Wall Street Zen upgraded shares of Universal Logistics from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Zacks Research raised shares of Universal Logistics from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $17.00.

Universal Logistics Stock Up 1.5%

The firm has a market capitalization of $437.87 million, a P/E ratio of -10.94 and a beta of 0.93. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.32 and a current ratio of 1.32. The firm’s 50-day moving average is $16.56 and its 200 day moving average is $18.75.

Institutional Investors Weigh In On Universal Logistics

A number of hedge funds and other institutional investors have recently bought and sold shares of ULH. AQR Capital Management LLC acquired a new position in Universal Logistics during the 1st quarter worth approximately $789,000. Empowered Funds LLC lifted its position in shares of Universal Logistics by 5.0% in the first quarter. Empowered Funds LLC now owns 108,268 shares of the transportation company’s stock worth $2,841,000 after purchasing an additional 5,136 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Universal Logistics by 4.3% during the second quarter. Geode Capital Management LLC now owns 193,413 shares of the transportation company’s stock worth $4,910,000 after purchasing an additional 8,039 shares during the last quarter. Legal & General Group Plc boosted its holdings in Universal Logistics by 93.7% during the second quarter. Legal & General Group Plc now owns 13,514 shares of the transportation company’s stock worth $343,000 after purchasing an additional 6,538 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Universal Logistics by 5.6% in the second quarter. American Century Companies Inc. now owns 262,597 shares of the transportation company’s stock valued at $6,665,000 after purchasing an additional 13,860 shares in the last quarter. Institutional investors and hedge funds own 25.50% of the company’s stock.

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.