Universal Logistics Holdings Inc (ULH) Upgraded by Zacks Investment Research to Buy

Zacks Investment Research upgraded shares of Universal Logistics Holdings Inc (NYSE:ULH) from a hold rating to a buy rating in a research note issued to investors on Thursday. The firm currently has $23.00 price target on the transportation company’s stock.

According to Zacks, “Universal Truckload is a primarily non-asset based provider of transportation services to shippers throughout the United States and in the Canadian provinces of Ontario and Quebec. Their over-the-road trucking services include both flatbed and dry van operations and they provide rail-truck and steamship-truck intermodal support services. They also offer truck brokerage services, which allow them to supplement their capacity and provide their customers with transportation of freight not handled by their owner-operators. “

Several other equities analysts have also recently issued reports on the stock. BidaskClub raised shares of Universal Logistics Holdings from a hold rating to a buy rating in a research note on Friday, September 1st. Stifel Nicolaus raised shares of Universal Logistics Holdings from a hold rating to a buy rating and set a $17.00 price objective on the stock in a research note on Monday, July 31st. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $23.00.

Shares of Universal Logistics Holdings (NYSE ULH) traded up 1.91% on Thursday, reaching $21.35. 32,094 shares of the company’s stock traded hands. The firm has a market capitalization of $607.24 million and a price-to-earnings ratio of 41.06. The company has a 50 day moving average price of $17.77 and a 200 day moving average price of $14.96. Universal Logistics Holdings has a 52 week low of $11.65 and a 52 week high of $22.40.

Universal Logistics Holdings (NYSE:ULH) last announced its quarterly earnings data on Thursday, July 27th. The transportation company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.01. The company had revenue of $305.20 million for the quarter, compared to analysts’ expectations of $302.10 million. Universal Logistics Holdings had a net margin of 0.90% and a return on equity of 7.26%. On average, equities research analysts predict that Universal Logistics Holdings will post $0.72 earnings per share for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in shares of Universal Logistics Holdings by 2.4% in the first quarter. Bank of New York Mellon Corp now owns 106,818 shares of the transportation company’s stock worth $1,533,000 after acquiring an additional 2,495 shares in the last quarter. Deprince Race & Zollo Inc. increased its position in shares of Universal Logistics Holdings by 458.6% in the second quarter. Deprince Race & Zollo Inc. now owns 496,871 shares of the transportation company’s stock worth $7,453,000 after acquiring an additional 407,916 shares in the last quarter. FMR LLC increased its position in shares of Universal Logistics Holdings by 3.1% in the first quarter. FMR LLC now owns 2,112,726 shares of the transportation company’s stock worth $30,318,000 after acquiring an additional 63,307 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Universal Logistics Holdings in the first quarter worth approximately $225,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Universal Logistics Holdings by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 400,299 shares of the transportation company’s stock worth $5,744,000 after acquiring an additional 5,490 shares in the last quarter.

Universal Logistics Holdings Company Profile

Universal Logistics Holdings, Inc, formerly Universal Truckload Services, Inc, is an asset-light provider of customized transportation and logistics solutions across the United States, Mexico, Canada and Colombia. The Company operates through two segments: the transportation segment and the logistics segment.

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