Wall Street Zen Downgrades Universal Logistics (NASDAQ:ULH) to Sell

Key Points

• Universal Logistics has been downgraded from a "hold" rating to a "sell" rating by analysts at Wall Street Zen.
• Stifel Nicolaus reduced its price target on Universal Logistics shares from $37.00 to $29.00, maintaining a "hold" rating.
• The company's recent quarterly earnings report showed a profit of $0.32 per share, below the expected $0.34, with revenue of $393.79 million.

Universal Logistics (NASDAQ:ULH - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday.

Separately, Stifel Nicolaus dropped their price target on Universal Logistics from $37.00 to $29.00 and set a "hold" rating on the stock in a research report on Tuesday, April 29th.

Universal Logistics Trading Down 1.6%

NASDAQ:ULH traded down $0.37 during midday trading on Friday, hitting $22.90. 22,951 shares of the company traded hands, compared to its average volume of 55,557. The firm's fifty day moving average is $25.46 and its 200-day moving average is $27.18. Universal Logistics has a 12-month low of $20.60 and a 12-month high of $53.29. The firm has a market capitalization of $602.96 million, a P/E ratio of 9.83 and a beta of 1.00. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.00.

Universal Logistics (NASDAQ:ULH - Get Free Report) last released its earnings results on Thursday, July 24th. The transportation company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.02). Universal Logistics had a return on equity of 9.52% and a net margin of 3.66%. The business had revenue of $393.79 million during the quarter, compared to analysts' expectations of $398.50 million. On average, sell-side analysts predict that Universal Logistics will post 2.81 EPS for the current year.

Institutional Investors Weigh In On Universal Logistics

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS purchased a new stake in Universal Logistics in the fourth quarter valued at about $64,000. Wells Fargo & Company MN raised its position in Universal Logistics by 31.0% during the fourth 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. GAMMA Investing LLC increased its position in shares of Universal Logistics by 15,197.9% in the first quarter. GAMMA Investing LLC now owns 7,190 shares of the transportation company's stock valued at $189,000 after buying an additional 7,143 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Universal Logistics in the fourth quarter valued at approximately $218,000. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Universal Logistics in the first quarter valued at approximately $248,000. 25.50% of the stock is currently 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.