Weiss Ratings Reaffirms Hold (C-) Rating for Universal Logistics (NASDAQ:ULH)

Key Points

• Weiss Ratings has reiterated a "Hold (C-)" rating for Universal Logistics (NASDAQ: ULH), indicating a cautious stance from analysts regarding the stock's potential.
• Universal Logistics’ stock saw an increase of $1.25, reaching $21.76, with a market capitalization of $572.94 million and a P/E ratio of 9.34.
• Recent analyst upgrades have generally shifted sentiments on the stock, with Zacks and Wall Street Zen both raising their ratings to "Hold."

Universal Logistics (NASDAQ:ULH - Get Free Report)'s stock had its "hold (c-)" rating reiterated by equities researchers at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Other analysts also recently issued research reports about the stock. Wall Street Zen upgraded shares of Universal Logistics from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. Zacks Research raised Universal Logistics from a "strong sell" rating to a "hold" rating in a research report on Friday, September 26th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Universal Logistics presently has an average rating of "Hold" and a consensus target price of $29.00.

Universal Logistics Stock Performance

Shares of NASDAQ ULH traded up $1.25 during midday trading on Wednesday, reaching $21.76. The company's stock had a trading volume of 50,805 shares, compared to its average volume of 42,722. The firm has a 50 day moving average price of $24.20 and a 200-day moving average price of $24.98. 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 12-month low of $20.17 and a 12-month high of $53.29. The stock has a market capitalization of $572.94 million, a P/E ratio of 9.34 and a beta of 0.93.

Universal Logistics (NASDAQ:ULH - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The transportation company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). Universal Logistics had a net margin of 3.66% and a return on equity of 9.47%. The business had revenue of $393.79 million for the quarter, compared to analysts' expectations of $398.50 million. As a group, equities analysts predict that Universal Logistics will post 2.81 earnings per share for the current year.

Institutional Trading of Universal Logistics

A number of hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its stake in shares of Universal Logistics by 403.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,130 shares of the transportation company's stock valued at $54,000 after purchasing an additional 1,707 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Universal Logistics by 15,197.9% during the first quarter. GAMMA Investing LLC now owns 7,190 shares of the transportation company's stock valued at $189,000 after acquiring an additional 7,143 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of Universal Logistics during the 1st quarter valued at about $248,000. Strs Ohio bought a new position in shares of Universal Logistics during the 1st quarter valued at approximately $315,000. Finally, Legal & General Group Plc lifted its holdings in shares of Universal Logistics by 93.7% in the 2nd quarter. Legal & General Group Plc now owns 13,514 shares of the transportation company's stock worth $343,000 after buying an additional 6,538 shares during the period. 25.50% of the stock is owned by 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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