Universal Logistics (NASDAQ:ULH) Price Target Lowered to $29.00 at Stifel Nicolaus

Universal Logistics (NASDAQ:ULH - Get Free Report) had its price target reduced by stock analysts at Stifel Nicolaus from $37.00 to $29.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a "hold" rating on the transportation company's stock. Stifel Nicolaus' price target points to a potential upside of 23.88% from the stock's current price.

Separately, StockNews.com lowered Universal Logistics from a "hold" rating to a "sell" rating in a report on Monday, April 28th.

Universal Logistics Price Performance

Shares of NASDAQ:ULH traded up $1.02 on Tuesday, reaching $23.41. 62,072 shares of the company were exchanged, compared to its average volume of 49,177. The company has a 50-day moving average of $25.97 and a 200-day moving average of $37.64. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.75. The firm has a market cap of $616.08 million, a price-to-earnings ratio of 4.74 and a beta of 1.00. Universal Logistics has a 1-year low of $20.60 and a 1-year high of $53.29.

Universal Logistics (NASDAQ:ULH - Get Free Report) last issued 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). The company had revenue of $382.39 million during the quarter, compared to analysts' expectations of $400.60 million. Universal Logistics had a net margin of 7.04% and a return on equity of 21.37%. Equities analysts forecast that Universal Logistics will post 2.81 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Universal Logistics

Hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC increased its position in Universal Logistics by 23.8% during the 3rd quarter. Jane Street Group LLC now owns 9,276 shares of the transportation company's stock worth $400,000 after purchasing an additional 1,783 shares in the last quarter. Barclays PLC raised its position in shares of Universal Logistics by 339.7% in the third quarter. Barclays PLC now owns 10,952 shares of the transportation company's stock valued at $473,000 after buying an additional 8,461 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Universal Logistics by 2.3% during the third quarter. Geode Capital Management LLC now owns 183,374 shares of the transportation company's stock valued at $7,907,000 after buying an additional 4,130 shares during the period. JPMorgan Chase & Co. boosted its position in Universal Logistics by 126.3% during the third quarter. JPMorgan Chase & Co. now owns 17,854 shares of the transportation company's stock worth $770,000 after acquiring an additional 9,966 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in Universal Logistics by 15.6% in the 4th quarter. SG Americas Securities LLC now owns 3,831 shares of the transportation company's stock worth $176,000 after acquiring an additional 516 shares during the period. Hedge funds and other 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.