Universal Logistics (NASDAQ:ULH) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Thursday.

A number of other research analysts also recently issued reports on the stock. ValuEngine downgraded shares of Universal Logistics from a “hold” rating to a “sell” rating in a research report on Tuesday, November 27th. Citigroup cut their target price on shares of Universal Logistics from $37.00 to $34.00 and set a “neutral” rating on the stock in a research report on Monday, October 29th. Finally, Loop Capital cut their target price on shares of Universal Logistics to $31.00 and set a “hold” rating on the stock in a research report on Monday, October 29th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company’s stock. Universal Logistics presently has a consensus rating of “Hold” and an average price target of $35.25.

Shares of NASDAQ ULH opened at $20.37 on Thursday. The stock has a market cap of $588.42 million, a P/E ratio of 27.90 and a beta of 1.78. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.02. Universal Logistics has a 12-month low of $17.40 and a 12-month high of $37.67.

Universal Logistics (NASDAQ:ULH) last issued its quarterly earnings results on Thursday, October 25th. The transportation company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.01. Universal Logistics had a net margin of 4.86% and a return on equity of 26.53%. The business had revenue of $374.29 million for the quarter, compared to the consensus estimate of $341.00 million. On average, sell-side analysts forecast that Universal Logistics will post 1.88 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN increased its stake in shares of Universal Logistics by 21.0% in the 3rd quarter. Wells Fargo & Company MN now owns 13,530 shares of the transportation company’s stock valued at $498,000 after acquiring an additional 2,352 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Universal Logistics by 18.8% in the 3rd quarter. Teachers Advisors LLC now owns 15,035 shares of the transportation company’s stock valued at $553,000 after acquiring an additional 2,375 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Universal Logistics by 20.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 24,936 shares of the transportation company’s stock valued at $917,000 after acquiring an additional 4,247 shares during the last quarter. Northern Trust Corp increased its stake in shares of Universal Logistics by 5.3% in the 2nd quarter. Northern Trust Corp now owns 110,651 shares of the transportation company’s stock valued at $2,904,000 after acquiring an additional 5,592 shares during the last quarter. Finally, Ibex Investors LLC bought a new stake in shares of Universal Logistics in the 3rd quarter valued at about $209,000. 26.84% of the stock is owned by institutional investors.

About Universal Logistics

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.

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