Universal Logistics (NASDAQ:ULH) Upgraded to “Buy” at Stifel Nicolaus

Stifel Nicolaus upgraded shares of Universal Logistics (NASDAQ:ULH) from a hold rating to a buy rating in a report released on Friday, BenzingaRatingsTable reports. Stifel Nicolaus currently has $30.00 price target on the transportation company’s stock, down from their prior price target of $31.00.

Several other brokerages also recently issued reports on ULH. Loop Capital raised shares of Universal Logistics from a hold rating to a buy rating in a research report on Tuesday, April 30th. BidaskClub downgraded shares of Universal Logistics from a hold rating to a sell rating in a research report on Wednesday, July 31st. Finally, ValuEngine raised shares of Universal Logistics from a strong sell rating to a sell rating in a research report on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $31.00.

Shares of Universal Logistics stock opened at $20.16 on Friday. Universal Logistics has a 1 year low of $17.40 and a 1 year high of $37.67. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market cap of $594.66 million, a P/E ratio of 9.69 and a beta of 2.12. The stock’s fifty day simple moving average is $21.50.

Universal Logistics (NASDAQ:ULH) last issued its quarterly earnings data on Thursday, July 25th. The transportation company reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.06). Universal Logistics had a return on equity of 32.08% and a net margin of 4.03%. The business had revenue of $383.18 million for the quarter.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 12th. Stockholders of record on Monday, August 5th will be issued a $0.105 dividend. This is an increase from Universal Logistics’s previous quarterly dividend of $0.07. The ex-dividend date is Friday, August 2nd. This represents a $0.42 annualized dividend and a dividend yield of 2.08%. Universal Logistics’s payout ratio is presently 20.19%.

Large investors have recently modified their holdings of the company. Argent Capital Management LLC boosted its holdings in shares of Universal Logistics by 41.7% in the first quarter. Argent Capital Management LLC now owns 91,774 shares of the transportation company’s stock valued at $1,806,000 after acquiring an additional 26,999 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Universal Logistics by 57,566.7% during the first quarter. BNP Paribas Arbitrage SA now owns 1,730 shares of the transportation company’s stock worth $34,000 after buying an additional 1,727 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in 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 buying an additional 67,656 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Universal Logistics by 81.3% during the first quarter. Janney Montgomery Scott LLC now owns 18,907 shares of the transportation company’s stock worth $372,000 after buying an additional 8,481 shares in the last quarter. Finally, Wedge Capital Management L L P NC boosted its holdings in Universal Logistics by 21.4% during the first quarter. Wedge Capital Management L L P NC now owns 57,718 shares of the transportation company’s stock worth $1,136,000 after buying an additional 10,156 shares in the last quarter. 28.04% 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.

See Also: Stock Symbols Definition, Examples, Lookup

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.