Universal Logistics (NASDAQ:ULH) Upgraded at Wall Street Zen

Key Points

• Universal Logistics (NASDAQ:ULH) has been upgraded by Wall Street Zen from a "sell" rating to a "hold" rating.
• Stifel Nicolaus lowered its price target for Universal Logistics from $37.00 to $29.00, while the stock opened at $27.14 on Friday.
• The company reported earnings of $0.32 per share for the last quarter, missing estimates, and has a market cap of $714.60 million.

Universal Logistics (NASDAQ:ULH - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Friday.

Separately, Stifel Nicolaus lowered their price target on Universal Logistics from $37.00 to $29.00 and set a "hold" rating for the company in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $29.00.

Universal Logistics Stock Up 14.1%

Shares of NASDAQ:ULH opened at $27.14 on Friday. The firm's 50 day moving average price is $25.48 and its 200 day moving average price is $26.01. The stock has a market cap of $714.60 million, a price-to-earnings ratio of 11.65 and a beta of 1.00. Universal Logistics has a fifty-two week low of $20.60 and a fifty-two week high of $53.29. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.07.

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). The firm had revenue of $393.79 million during the quarter, compared to analyst estimates of $398.50 million. Universal Logistics had a net margin of 3.66% and a return on equity of 9.47%. As a group, equities research analysts predict that Universal Logistics will post 2.81 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Universal Logistics

A number of institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its position in shares of Universal Logistics by 403.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,130 shares of the transportation company's stock valued at $54,000 after buying an additional 1,707 shares during the last quarter. Lazard Asset Management LLC boosted its position in shares of Universal Logistics by 7.1% in the second quarter. Lazard Asset Management LLC now owns 20,569 shares of the transportation company's stock worth $520,000 after acquiring an additional 1,361 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Universal Logistics by 44.2% in the second quarter. First Trust Advisors LP now owns 129,253 shares of the transportation company's stock worth $3,280,000 after acquiring an additional 39,633 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Universal Logistics by 5.6% in the second quarter. American Century Companies Inc. now owns 262,597 shares of the transportation company's stock worth $6,665,000 after acquiring an additional 13,860 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Universal Logistics by 93.7% in the second quarter. Legal & General Group Plc now owns 13,514 shares of the transportation company's stock worth $343,000 after acquiring an additional 6,538 shares during the last quarter. Institutional investors and hedge funds 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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