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

ValuEngine upgraded shares of Universal Logistics (NASDAQ:ULH) from a strong sell rating to a sell rating in a research note released on Thursday, March 28th, ValuEngine reports.

A number of other research analysts have also weighed in on the stock. BidaskClub lowered shares of Universal Logistics from a sell rating to a strong sell rating in a research report on Saturday, February 2nd. Citigroup dropped their price target on shares of Universal Logistics to $22.00 and set a neutral rating on the stock in a research report on Tuesday, January 15th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company. Universal Logistics has a consensus rating of Hold and an average target price of $32.25.

NASDAQ:ULH traded up $0.11 during trading hours on Thursday, reaching $22.30. The company had a trading volume of 20,889 shares, compared to its average volume of 45,352. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.67. The stock has a market capitalization of $632.96 million, a price-to-earnings ratio of 10.72 and a beta of 1.90. Universal Logistics has a twelve month low of $17.40 and a twelve month high of $37.67.

Universal Logistics (NASDAQ:ULH) last posted its quarterly earnings results on Thursday, February 21st. The transportation company reported $0.55 EPS for the quarter. Universal Logistics had a net margin of 3.57% and a return on equity of 29.87%. The business had revenue of $386.38 million during the quarter. Equities analysts predict that Universal Logistics will post 2.12 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in ULH. BlackRock Inc. grew its stake in Universal Logistics by 14.6% during the third quarter. BlackRock Inc. now owns 1,168,350 shares of the transportation company’s stock valued at $42,995,000 after acquiring an additional 148,462 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Universal Logistics by 8.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 609,609 shares of the transportation company’s stock valued at $11,028,000 after acquiring an additional 46,685 shares in the last quarter. Vanguard Group Inc. grew its stake in Universal Logistics by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 356,564 shares of the transportation company’s stock worth $13,121,000 after buying an additional 14,525 shares in the last quarter. Vanguard Group Inc grew its stake in Universal Logistics by 4.2% in the 3rd quarter. Vanguard Group Inc now owns 356,564 shares of the transportation company’s stock worth $13,121,000 after buying an additional 14,525 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Universal Logistics by 48.4% in the 3rd quarter. Renaissance Technologies LLC now owns 346,480 shares of the transportation company’s stock worth $12,750,000 after buying an additional 112,930 shares in the last quarter. 28.42% of the stock is currently owned by institutional investors and hedge funds.

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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