Universal Logistics (NASDAQ:ULH) Rating Increased to Hold at Zacks Research

Key Points

• Zacks Research upgraded Universal Logistics from “strong sell” to “hold,” while the broader analyst consensus remains “Reduce” with an average price target of $15.00.
• Universal Logistics shares opened at $18.85, above the consensus target, with a market capitalization of approximately $497 million and a 12-month trading range of $11.73 to $25.83.
• The company reported quarterly EPS of $0.16, beating estimates of $0.13, though revenue of $379.32 million came in slightly below expectations and net margin remained negative at 3.16%.

Universal Logistics (NASDAQ:ULH - Get Free Report) was upgraded by stock analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued on Monday, Zacks reports.

A number of other equities analysts have also issued reports on ULH. Stifel Nicolaus reduced their target price on shares of Universal Logistics from $17.00 to $15.00 and set a "hold" rating on the stock in a research report on Wednesday, July 15th. Weiss Ratings reissued a "sell (d)" rating on shares of Universal Logistics in a report on Wednesday, June 24th. Finally, Wall Street Zen upgraded shares of Universal Logistics from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average target price of $15.00.

Universal Logistics Stock Performance

Universal Logistics stock opened at $18.85 on Monday. The stock has a 50-day simple moving average of $17.42 and a 200 day simple moving average of $17.48. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.06. Universal Logistics has a 12-month low of $11.73 and a 12-month high of $25.83. The stock has a market capitalization of $497.07 million, a price-to-earnings ratio of -10.24 and a beta of 0.75.

Universal Logistics (NASDAQ:ULH - Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The transportation company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. The business had revenue of $379.32 million for the quarter, compared to the consensus estimate of $380.40 million. Universal Logistics had a negative net margin of 3.16% and a positive return on equity of 1.99%. On average, research analysts anticipate that Universal Logistics will post 0.5 earnings per share for the current fiscal year.

Institutional Trading of Universal Logistics

A number of institutional investors have recently bought and sold shares of the business. Archer Investment Corp bought a new position in shares of Universal Logistics in the 1st quarter worth $48,000. Deutsche Bank AG bought a new stake in Universal Logistics in the second quarter valued at about $75,000. Quantinno Capital Management LP lifted its stake in Universal Logistics by 118.9% in the first quarter. Quantinno Capital Management LP now owns 37,766 shares of the transportation company's stock valued at $798,000 after buying an additional 20,511 shares during the period. Empowered Funds LLC acquired a new position in Universal Logistics in the second quarter valued at about $1,423,000. Finally, Bank of New York Mellon Corp bought a new position in Universal Logistics during the second quarter worth about $2,770,000. Institutional investors and hedge funds own 25.50% of the company's stock.

About Universal Logistics

Universal Logistics Holdings, Inc NASDAQ: ULH is a transportation and logistics company headquartered in Warren, Michigan. Through its operating subsidiaries, the company provides customized supply chain and freight services to manufacturers, retailers, and other commercial customers.

Universal's services include contract carriage, dedicated transportation, truckload and brokerage operations, intermodal transportation, and final-mile delivery. The company also provides value-added logistics services, such as material handling, warehousing, sequencing, assembly, and other support for manufacturing and distribution operations.

The company serves customers across the United States, Canada, and Mexico, with a significant focus on the automotive and industrial sectors.

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