Universal Logistics (NASDAQ:ULH) Upgraded to “Strong-Buy” at Zacks Research

Universal Logistics (NASDAQ:ULH) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other equities analysts have also recently weighed in on ULH. Wall Street Zen raised Universal Logistics from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Stifel Nicolaus cut their target price on Universal Logistics from $18.00 to $17.00 and set a “hold” rating for the company in a research note on Tuesday, December 16th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Universal Logistics in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $17.00.

Universal Logistics Stock Down 4.0%

Shares of NASDAQ:ULH opened at $16.20 on Tuesday. The firm has a market capitalization of $426.87 million, a PE ratio of -7.53 and a beta of 0.91. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.32 and a current ratio of 1.20. Universal Logistics has a 52-week low of $12.78 and a 52-week high of $30.76. The firm has a fifty day moving average of $16.68 and a 200 day moving average of $17.90.

Universal Logistics (NASDAQ:ULH) last released its quarterly earnings results on Friday, March 13th. The transportation company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.19. Universal Logistics had a positive return on equity of 4.13% and a negative net margin of 3.64%.The business had revenue of $385.43 million for the quarter, compared to the consensus estimate of $376.10 million. As a group, research analysts anticipate that Universal Logistics will post 2.81 EPS for the current fiscal year.

Hedge Funds Weigh In On Universal Logistics

Institutional investors and hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue purchased a new position in Universal Logistics in the 3rd quarter worth approximately $31,000. BNP Paribas Financial Markets boosted its stake in shares of Universal Logistics by 102.3% during the third quarter. BNP Paribas Financial Markets now owns 1,428 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 722 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Universal Logistics by 403.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,130 shares of the transportation company’s stock worth $54,000 after purchasing an additional 1,707 shares during the last quarter. AlphaQuest LLC bought a new position in shares of Universal Logistics in the third quarter worth approximately $102,000. Finally, Wells Fargo & Company MN increased its stake in shares of Universal Logistics by 46.2% in the fourth quarter. Wells Fargo & Company MN now owns 7,579 shares of the transportation company’s stock worth $115,000 after buying an additional 2,396 shares during the period. 25.50% of the stock is currently owned by institutional investors.

Universal Logistics Company Profile

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.