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

Key Points

• Wall Street Zen upgraded Universal Logistics from “hold” to “buy,” although the broader analyst consensus remains “sell,” with a $15.00 average price target.
• Universal Logistics reported quarterly EPS of $0.16, beating the $0.13 estimate, while revenue of $379.32 million fell slightly short of expectations.
• The stock opened at $19.29 and is down 1.9%; institutional investors own approximately 25.5% of the company.

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

ULH has been the topic of several other reports. Zacks Research downgraded shares of Universal Logistics from a "hold" rating to a "strong sell" rating in a report on Wednesday, July 15th. Weiss Ratings reiterated a "sell (d)" rating on shares of Universal Logistics in a research note on Wednesday, June 24th. Finally, Stifel Nicolaus decreased their target price on Universal Logistics from $17.00 to $15.00 and set a "hold" rating on the stock in a research report on Wednesday, July 15th. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, Universal Logistics has an average rating of "Sell" and a consensus price target of $15.00.

Universal Logistics Stock Down 1.9%

ULH opened at $19.29 on Friday. The business has a 50 day moving average of $15.99 and a 200-day moving average of $17.14. The stock has a market capitalization of $508.68 million, a price-to-earnings ratio of -10.48 and a beta of 0.69. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.18. Universal Logistics has a 1-year low of $11.73 and a 1-year high of $27.24.

Universal Logistics (NASDAQ:ULH - Get Free Report) last announced its earnings results on Friday, July 31st. The transportation company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The business had revenue of $379.32 million for the quarter, compared to analyst estimates of $380.40 million. Universal Logistics had a negative net margin of 3.16% and a positive return on equity of 2.01%. As a group, sell-side analysts anticipate that Universal Logistics will post 0.5 earnings per share for the current year.

Institutional Investors Weigh In On Universal Logistics

Institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its holdings in Universal Logistics by 102.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,428 shares of the transportation company's stock valued at $33,000 after buying an additional 722 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Universal Logistics by 104.4% during the 4th quarter. State of Alaska Department of Revenue now owns 2,765 shares of the transportation company's stock worth $41,000 after acquiring an additional 1,412 shares during the period. Archer Investment Corp bought a new position in shares of Universal Logistics during the 1st quarter worth about $48,000. Tower Research Capital LLC TRC boosted its position in shares of Universal Logistics by 403.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,130 shares of the transportation company's stock valued at $54,000 after acquiring an additional 1,707 shares in the last quarter. Finally, Deutsche Bank AG acquired a new stake in shares of Universal Logistics during the 2nd quarter valued at about $75,000. Institutional investors and hedge funds own 25.50% of the company's stock.

Universal Logistics Company Profile

Universal Logistics Holdings, Inc is a diversified, asset-light third-party logistics provider offering transportation and supply chain solutions across North America and around the globe. Its service portfolio encompasses truckload, less-than-truckload, intermodal, and specialized freight services, supported by dedicated brokerage, warehousing, and distribution management capabilities.

Originally incorporated as Universal Truckload Services, Inc, the company has evolved beyond its core truckload heritage to a one-stop logistics platform.

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