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

Key Points

• Universal Logistics has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, reflecting concerns about the company's performance.
• Despite the downgrade, other analysts have maintained a "hold" rating, with Weiss Ratings assigning a "hold (c-)" and a target price set at $24.00.
• In its most recent earnings report, Universal Logistics missed earnings expectations, reporting $0.32 earnings per share against a consensus estimate of $0.34.

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

Other research analysts have also issued reports about the company. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Universal Logistics in a research report on Wednesday. Stifel Nicolaus dropped their target price on Universal Logistics from $28.00 to $24.00 and set a "hold" rating on the stock in a research report on Friday. Finally, Zacks Research raised Universal Logistics from a "strong sell" rating to a "hold" rating in a research report on Friday, September 26th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $24.00.

Universal Logistics Stock Performance

Shares of ULH stock opened at $18.72 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.28 and a quick ratio of 1.28. Universal Logistics has a fifty-two week low of $18.71 and a fifty-two week high of $53.29. The stock's 50-day moving average is $24.06 and its two-hundred day moving average is $24.89. The firm has a market cap of $492.90 million, a P/E ratio of 8.03 and a beta of 0.93.

Universal Logistics (NASDAQ:ULH - Get Free Report) last issued its earnings results on Thursday, July 24th. The transportation company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). Universal Logistics had a return on equity of 9.47% and a net margin of 3.66%.The firm had revenue of $393.79 million during the quarter, compared to analyst estimates of $398.50 million. Analysts predict that Universal Logistics will post 2.81 earnings per share for the current fiscal year.

Institutional Trading of Universal Logistics

Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its stake 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 worth $189,000 after acquiring an additional 7,143 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in Universal Logistics in the 1st quarter valued at approximately $248,000. New York State Common Retirement Fund grew its holdings in Universal Logistics by 8.0% in the 1st quarter. New York State Common Retirement Fund now owns 33,657 shares of the transportation company's stock valued at $883,000 after buying an additional 2,500 shares during the last quarter. Nuveen LLC acquired a new stake in Universal Logistics in the 1st quarter valued at approximately $701,000. Finally, Strs Ohio acquired a new stake in Universal Logistics in the 1st quarter valued at approximately $315,000. Institutional investors own 25.50% of the company's stock.

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.

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