Universal Logistics (NASDAQ:ULH) Upgraded to Buy by StockNews.com

Universal Logistics (NASDAQ:ULH - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Tuesday.

Separately, Stifel Nicolaus raised Universal Logistics from a "hold" rating to a "buy" rating and raised their price target for the company from $35.00 to $36.00 in a report on Wednesday, January 10th.

Universal Logistics Stock Performance

Shares of ULH stock traded down $0.11 on Tuesday, hitting $34.90. 15,993 shares of the stock were exchanged, compared to its average volume of 27,734. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $918.22 million, a PE ratio of 9.86 and a beta of 1.08. Universal Logistics has a one year low of $20.85 and a one year high of $38.50. The firm's 50 day moving average is $33.81 and its two-hundred day moving average is $28.69.

Universal Logistics (NASDAQ:ULH - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The transportation company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.10. Universal Logistics had a return on equity of 18.58% and a net margin of 5.59%. The company had revenue of $390.92 million during the quarter, compared to the consensus estimate of $377.30 million. Sell-side analysts expect that Universal Logistics will post 3.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Universal Logistics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 Middle East FZE purchased a new stake in shares of Universal Logistics in the fourth quarter worth $30,000. Barclays PLC grew its stake in shares of Universal Logistics by 532.5% in the fourth quarter. Barclays PLC now owns 1,929 shares of the transportation company's stock worth $65,000 after acquiring an additional 1,624 shares during the last quarter. State of Wyoming grew its stake in shares of Universal Logistics by 23.8% in the second quarter. State of Wyoming now owns 2,063 shares of the transportation company's stock worth $59,000 after acquiring an additional 396 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Universal Logistics by 82.5% during the second quarter. Wells Fargo & Company MN now owns 2,709 shares of the transportation company's stock valued at $78,000 after purchasing an additional 1,225 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Universal Logistics by 268.5% during the fourth quarter. Legal & General Group Plc now owns 2,716 shares of the transportation company's stock valued at $91,000 after purchasing an additional 1,979 shares in the last quarter. 25.50% of the stock is owned by hedge funds and other institutional investors.

Universal Logistics Company Profile

Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. The company offers truckload services, which include dry van, flatbed, heavy-haul, and refrigerated operations; domestic and international freight forwarding, and customs brokerage services.

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