Universal Logistics (NASDAQ:ULH) Rating Lowered to "Sell" at StockNews.com

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

Separately, Stifel Nicolaus boosted their price target on shares of Universal Logistics from $42.00 to $44.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd.

Universal Logistics Stock Up 3.0 %

Shares of NASDAQ:ULH traded up $0.65 during mid-day trading on Monday, hitting $22.39. 85,077 shares of the company traded hands, compared to its average volume of 49,160. The stock has a market cap of $589.24 million, a P/E ratio of 4.53 and a beta of 0.92. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.75. Universal Logistics has a 12-month low of $20.60 and a 12-month high of $53.29. The stock has a 50-day moving average price of $26.16 and a two-hundred day moving average price of $37.99.

Universal Logistics (NASDAQ:ULH - Get Free Report) last announced its earnings results on Thursday, April 24th. The transportation company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.25). The company had revenue of $382.39 million for the quarter, compared to analysts' expectations of $400.60 million. Universal Logistics had a net margin of 7.04% and a return on equity of 21.37%. On average, equities research analysts forecast that Universal Logistics will post 2.81 earnings per share for the current year.

Institutional Investors Weigh In On Universal Logistics

Institutional investors and hedge funds have recently modified their holdings of the company. New York State Common Retirement Fund grew its position in Universal Logistics by 8.0% during the first quarter. New York State Common Retirement Fund now owns 33,657 shares of the transportation company's stock valued at $883,000 after acquiring an additional 2,500 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in Universal Logistics in the first quarter worth about $248,000. GAMMA Investing LLC raised its stake in Universal Logistics by 15,197.9% in the first quarter. GAMMA Investing LLC now owns 7,190 shares of the transportation company's stock worth $189,000 after buying an additional 7,143 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Universal Logistics in the fourth quarter worth about $1,734,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Universal Logistics by 17.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,779 shares of the transportation company's stock worth $633,000 after buying an additional 2,011 shares in the last quarter. 25.50% of the stock is owned by hedge funds and other institutional investors.

About Universal Logistics

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.