Universal Logistics (NASDAQ:ULH - Get Free Report) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating in a research 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 on the stock in a report on Tuesday, April 29th.
Check Out Our Latest Stock Analysis on ULH
Universal Logistics Price Performance
Shares of ULH traded up $0.15 during mid-day trading on Monday, reaching $26.25. 43,955 shares of the company's stock were exchanged, compared to its average volume of 49,094. Universal Logistics has a 52-week low of $20.60 and a 52-week high of $53.29. The company has a 50-day simple moving average of $25.47 and a two-hundred day simple moving average of $36.54. The company has a market cap of $691.16 million, a price-to-earnings ratio of 5.31 and a beta of 1.00. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.75.
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 analysts' consensus estimates of $0.48 by ($0.25). Universal Logistics had a return on equity of 21.37% and a net margin of 7.04%. The firm had revenue of $382.39 million for the quarter, compared to analyst estimates of $400.60 million. On average, sell-side analysts predict that Universal Logistics will post 2.81 EPS for the current fiscal year.
Hedge Funds Weigh In On Universal Logistics
Hedge funds have recently made changes to their positions in the stock. KLP Kapitalforvaltning AS acquired a new position in shares of Universal Logistics in the 4th quarter valued at $64,000. Wells Fargo & Company MN lifted its holdings in shares of Universal Logistics by 31.0% during the 4th quarter. Wells Fargo & Company MN now owns 3,708 shares of the transportation company's stock valued at $170,000 after acquiring an additional 877 shares in the last quarter. SG Americas Securities LLC lifted its holdings 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 valued at $176,000 after acquiring an additional 516 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Universal Logistics by 15,197.9% during the 1st quarter. GAMMA Investing LLC now owns 7,190 shares of the transportation company's stock valued at $189,000 after acquiring an additional 7,143 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Universal Logistics during the 4th quarter valued at $218,000. Institutional investors and hedge funds own 25.50% of the company's stock.
Universal Logistics Company Profile
(
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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