StockNews.com Upgrades Universal Logistics (NASDAQ:ULH) to "Hold"

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

Separately, Stifel Nicolaus decreased their price target on shares of Universal Logistics from $37.00 to $29.00 and set a "hold" rating for the company in a research note on Tuesday, April 29th.

Universal Logistics Stock Up 9.1%

Shares of NASDAQ ULH traded up $2.12 during midday trading on Monday, hitting $25.43. The company's stock had a trading volume of 89,866 shares, compared to its average volume of 49,074. The business's fifty day simple moving average is $25.55 and its two-hundred day simple moving average is $36.78. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.36 and a quick ratio of 1.36. Universal Logistics has a 1 year low of $20.60 and a 1 year high of $53.29. The firm has a market capitalization of $669.57 million, a price-to-earnings ratio of 5.15 and a beta of 1.00.

Universal Logistics (NASDAQ:ULH - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The transportation company reported $0.23 EPS 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 business had revenue of $382.39 million during the quarter, compared to analysts' expectations of $400.60 million. On average, equities analysts predict that Universal Logistics will post 2.81 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. FMR LLC lifted its stake in Universal Logistics by 15.2% in the fourth quarter. FMR LLC now owns 2,924,397 shares of the transportation company's stock worth $134,347,000 after acquiring an additional 386,538 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Universal Logistics by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 855,212 shares of the transportation company's stock worth $39,289,000 after purchasing an additional 8,578 shares in the last quarter. American Century Companies Inc. raised its holdings in Universal Logistics by 10.2% during the fourth quarter. American Century Companies Inc. now owns 231,617 shares of the transportation company's stock worth $10,640,000 after purchasing an additional 21,516 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in Universal Logistics by 0.5% during the fourth quarter. Bridgeway Capital Management LLC now owns 214,321 shares of the transportation company's stock worth $9,846,000 after purchasing an additional 977 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in Universal Logistics by 5.1% during the fourth quarter. Empowered Funds LLC now owns 103,132 shares of the transportation company's stock worth $4,738,000 after purchasing an additional 4,977 shares in the last quarter. Hedge funds and other institutional investors own 25.50% of the company's stock.

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.

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