Universal Logistics (NASDAQ:ULH - Get Free Report) was downgraded by stock analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued on Monday.
Separately, Stifel Nicolaus upped their price objective on Universal Logistics from $42.00 to $44.00 and gave the company a "hold" rating in a report on Thursday, January 23rd.
Read Our Latest Stock Report on Universal Logistics
Universal Logistics Stock Performance
ULH traded up $1.02 during trading hours on Monday, reaching $23.41. The company's stock had a trading volume of 62,072 shares, compared to its average volume of 49,213. The company's 50-day moving average is $25.97 and its 200-day moving average is $37.69. Universal Logistics has a 52 week low of $20.60 and a 52 week high of $53.29. The firm has a market cap of $616.08 million, a PE ratio of 4.74 and a beta of 0.92. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.36 and a current ratio of 1.36.
Universal Logistics (NASDAQ:ULH - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The transportation company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.25). Universal Logistics had a net margin of 7.04% and a return on equity of 21.37%. The company had revenue of $382.39 million during the quarter, compared to the consensus estimate of $400.60 million. On average, equities analysts forecast that Universal Logistics will post 2.81 EPS for the current year.
Hedge Funds Weigh In On Universal Logistics
A number of hedge funds have recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS acquired a new position in Universal Logistics in the fourth quarter valued at about $64,000. Wells Fargo & Company MN raised its position in shares of Universal Logistics by 31.0% in the 4th quarter. Wells Fargo & Company MN now owns 3,708 shares of the transportation company's stock valued at $170,000 after buying an additional 877 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Universal Logistics by 15.6% during the 4th quarter. SG Americas Securities LLC now owns 3,831 shares of the transportation company's stock worth $176,000 after acquiring an additional 516 shares in the last quarter. GAMMA Investing LLC lifted its stake in Universal Logistics by 15,197.9% during the first quarter. GAMMA Investing LLC now owns 7,190 shares of the transportation company's stock worth $189,000 after purchasing an additional 7,143 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Universal Logistics in the 4th quarter valued at $218,000. Institutional investors own 25.50% of the company's stock.
About Universal Logistics
(
Get Free Report)
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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