Universal Logistics (NASDAQ:ULH) Downgraded by Wall Street Zen 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 note issued to investors on Saturday.

Separately, Stifel Nicolaus reduced their target price 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 2.6%

Shares of ULH traded up $0.66 during midday trading on Friday, hitting $25.62. The company had a trading volume of 4,117 shares, compared to its average volume of 55,138. The company's 50 day moving average price is $25.45 and its 200 day moving average price is $27.00. The stock has a market cap of $674.57 million, a price-to-earnings ratio of 11.00 and a beta of 1.00. Universal Logistics has a 52 week low of $20.60 and a 52 week high of $53.29. The company has a quick ratio of 1.18, a current ratio of 1.28 and a debt-to-equity ratio of 1.07.

Universal Logistics (NASDAQ:ULH - Get Free Report) last announced its quarterly earnings data 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 net margin of 3.66% and a return on equity of 9.47%. The business had revenue of $393.79 million for the quarter, compared to the consensus estimate of $398.50 million. On average, equities research analysts predict that Universal Logistics will post 2.81 EPS for the current year.

Institutional Trading of Universal Logistics

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its stake in Universal Logistics by 5.6% during the second quarter. American Century Companies Inc. now owns 262,597 shares of the transportation company's stock valued at $6,665,000 after purchasing an additional 13,860 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Universal Logistics by 93.7% in the 2nd quarter. Legal & General Group Plc now owns 13,514 shares of the transportation company's stock valued at $343,000 after acquiring an additional 6,538 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Universal Logistics by 4.3% in the 2nd quarter. Geode Capital Management LLC now owns 193,413 shares of the transportation company's stock valued at $4,910,000 after acquiring an additional 8,039 shares in the last quarter. Strs Ohio purchased a new stake in shares of Universal Logistics in the 1st quarter valued at approximately $315,000. Finally, Empowered Funds LLC lifted its position in shares of Universal Logistics by 5.0% in the 1st quarter. Empowered Funds LLC now owns 108,268 shares of the transportation company's stock valued at $2,841,000 after acquiring an additional 5,136 shares in the last quarter. 25.50% of the stock is owned by institutional investors and hedge funds.

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.