Universal Logistics (NASDAQ:ULH) Upgraded by ValuEngine to “Hold”

Universal Logistics (NASDAQ:ULH) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Wednesday, ValuEngine reports.

ULH has been the subject of a number of other research reports. BidaskClub upgraded shares of Universal Logistics from a “hold” rating to a “buy” rating in a research note on Friday, September 27th. Stifel Nicolaus upgraded shares of Universal Logistics from a “hold” rating to a “buy” rating and cut their target price for the stock from $31.00 to $30.00 in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Universal Logistics currently has a consensus rating of “Buy” and a consensus price target of $27.67.

Shares of NASDAQ ULH traded up $0.02 during mid-day trading on Wednesday, reaching $23.04. 41,073 shares of the company were exchanged, compared to its average volume of 61,634. The company’s 50-day simple moving average is $21.98 and its 200-day simple moving average is $21.35. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $653.97 million, a P/E ratio of 11.08 and a beta of 2.11. Universal Logistics has a twelve month low of $17.40 and a twelve month high of $36.68.

Universal Logistics (NASDAQ:ULH) last posted its earnings results on Thursday, July 25th. The transportation company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.06). The company had revenue of $383.18 million for the quarter. Universal Logistics had a return on equity of 31.13% and a net margin of 4.03%. As a group, equities research analysts expect that Universal Logistics will post 2.55 EPS for the current year.

A number of institutional investors have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. raised its stake in Universal Logistics by 3.6% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,075 shares of the transportation company’s stock worth $451,000 after purchasing an additional 700 shares in the last quarter. Alberta Investment Management Corp raised its stake in Universal Logistics by 5.8% in the 2nd quarter. Alberta Investment Management Corp now owns 20,000 shares of the transportation company’s stock worth $449,000 after purchasing an additional 1,100 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Universal Logistics by 57,566.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,730 shares of the transportation company’s stock worth $34,000 after purchasing an additional 1,727 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Universal Logistics by 86.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,778 shares of the transportation company’s stock valued at $83,000 after buying an additional 1,750 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Universal Logistics by 4.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 50,047 shares of the transportation company’s stock valued at $1,125,000 after buying an additional 2,043 shares during the period. Institutional investors and hedge funds own 27.78% 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. It offers transportation services including dry van, flatbed, heavy haul, and refrigerated services; domestic and international freight forwarding and customs brokerage services; and final mile and ground expedite services.

See Also: How to build a Fibonacci channel

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Universal Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Logistics and related companies with MarketBeat.com's FREE daily email newsletter.