Universal Logistics (NASDAQ:ULH) Upgraded to “Hold” at StockNews.com

Universal Logistics (NASDAQ:ULH) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Monday.

Separately, Stifel Nicolaus decreased their price objective on shares of Universal Logistics from $37.00 to $29.00 and set a “hold” rating on the stock in a research note on Tuesday, April 29th.

Universal Logistics Trading Up 1.6%

Shares of ULH opened at $25.83 on Monday. The firm has a market capitalization of $680.10 million, a price-to-earnings ratio of 5.23 and a beta of 1.00. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.75. Universal Logistics has a 12-month low of $20.60 and a 12-month high of $53.29. The stock’s 50-day moving average price is $25.55 and its 200 day moving average price is $36.78.

Universal Logistics (NASDAQ:ULH) last released its quarterly earnings data on Thursday, April 24th. The transportation company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.25). Universal Logistics had a net margin of 7.04% and a return on equity of 21.37%. The company had revenue of $382.39 million for the quarter, compared to analyst estimates of $400.60 million. As a group, research analysts predict that Universal Logistics will post 2.81 earnings per share for the current year.

Institutional Trading of Universal Logistics

Several large investors have recently made changes to their positions in the business. American Century Companies Inc. lifted its position in Universal Logistics by 7.4% during the 1st quarter. American Century Companies Inc. now owns 248,737 shares of the transportation company’s stock worth $6,527,000 after buying an additional 17,120 shares in the last quarter. Nuveen LLC bought a new position in shares of Universal Logistics in the first quarter worth about $701,000. Denali Advisors LLC lifted its position in shares of Universal Logistics by 9.5% during the first quarter. Denali Advisors LLC now owns 101,001 shares of the transportation company’s stock worth $2,650,000 after purchasing an additional 8,752 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of Universal Logistics by 8.0% during the first quarter. New York State Common Retirement Fund now owns 33,657 shares of the transportation company’s stock valued at $883,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Universal Logistics during the first quarter valued at approximately $248,000. 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.