Universal Logistics (NASDAQ:ULH) Upgraded to “Hold” at BidaskClub

BidaskClub upgraded shares of Universal Logistics (NASDAQ:ULH) from a sell rating to a hold rating in a research note published on Wednesday, BidAskClub reports.

ULH has been the subject of several other research reports. ValuEngine raised shares of YPF from a sell rating to a hold rating in a research note on Monday, June 24th. Loop Capital decreased their price objective on shares of Western Digital to $45.00 and set a hold rating for the company in a research note on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $32.25.

Shares of NASDAQ ULH opened at $21.66 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. The company has a market capitalization of $620.90 million, a P/E ratio of 10.41 and a beta of 2.13. Universal Logistics has a 1 year low of $17.40 and a 1 year high of $37.67. The stock has a 50-day moving average price of $20.94.

Universal Logistics (NASDAQ:ULH) last announced its quarterly earnings data on Thursday, April 25th. The transportation company reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.05. The business had revenue of $377.41 million during the quarter. Universal Logistics had a net margin of 3.93% and a return on equity of 31.70%.

Several large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Universal Logistics by 8.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 609,609 shares of the transportation company’s stock worth $11,028,000 after acquiring an additional 46,685 shares during the period. Boston Partners increased its position in shares of Universal Logistics by 3.9% during the first quarter. Boston Partners now owns 273,608 shares of the transportation company’s stock worth $5,385,000 after acquiring an additional 10,208 shares during the period. LSV Asset Management increased its position in shares of Universal Logistics by 153.3% during the first quarter. LSV Asset Management now owns 237,042 shares of the transportation company’s stock worth $4,664,000 after acquiring an additional 143,460 shares during the period. Bank of New York Mellon Corp increased its position in shares of Universal Logistics by 75.5% during the fourth quarter. Bank of New York Mellon Corp now owns 157,224 shares of the transportation company’s stock worth $2,844,000 after acquiring an additional 67,656 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Universal Logistics by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 124,882 shares of the transportation company’s stock worth $2,258,000 after acquiring an additional 4,751 shares during the period. 28.10% of the stock is currently owned by institutional investors and hedge funds.

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.

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