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

Universal Logistics (NASDAQ:ULH - Get Free Report) had its price objective reduced by Stifel Nicolaus from $37.00 to $29.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a "hold" rating on the transportation company's stock. Stifel Nicolaus' price target suggests a potential upside of 36.31% from the stock's current price.

Separately, StockNews.com lowered Universal Logistics from a "hold" rating to a "sell" rating in a research note on Monday.

Universal Logistics Price Performance

Universal Logistics stock opened at $21.28 on Tuesday. The firm has a market cap of $559.89 million, a P/E ratio of 4.31 and a beta of 0.92. Universal Logistics has a 52 week low of $20.76 and a 52 week high of $53.29. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.36 and a current ratio of 1.36. The business's fifty day moving average is $26.40 and its two-hundred day moving average is $38.22.

Universal Logistics (NASDAQ:ULH - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The transportation company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.25). Universal Logistics had a net margin of 7.04% and a return on equity of 21.37%. The firm had revenue of $382.39 million for the quarter, compared to the consensus estimate of $400.60 million. Equities research analysts forecast that Universal Logistics will post 2.81 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Universal Logistics

Several hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in Universal Logistics by 126.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,854 shares of the transportation company's stock valued at $770,000 after purchasing an additional 9,966 shares during the period. Proficio Capital Partners LLC purchased a new stake in Universal Logistics in the fourth quarter worth about $753,000. Barclays PLC boosted its position in Universal Logistics by 339.7% during the 3rd quarter. Barclays PLC now owns 10,952 shares of the transportation company's stock valued at $473,000 after acquiring an additional 8,461 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of Universal Logistics by 7.3% during the 4th quarter. New York State Common Retirement Fund now owns 31,157 shares of the transportation company's stock worth $1,431,000 after acquiring an additional 2,109 shares during the period. Finally, Jane Street Group LLC raised its position in shares of Universal Logistics by 23.8% in the 3rd quarter. Jane Street Group LLC now owns 9,276 shares of the transportation company's stock worth $400,000 after acquiring an additional 1,783 shares in the last quarter. 25.50% of the stock is 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.

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