Universal Logistics (ULH) Downgraded by BidaskClub

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

ULH has been the topic of a number of other research reports. Citigroup dropped their price target on Universal Logistics from $37.00 to $34.00 and set a “neutral” rating on the stock in a research note on Monday, October 29th. Zacks Investment Research upgraded Universal Logistics from a “hold” rating to a “strong-buy” rating and set a $41.00 price target on the stock in a research note on Tuesday, August 21st. ValuEngine cut Universal Logistics from a “hold” rating to a “sell” rating in a research note on Tuesday, November 27th. Finally, Loop Capital began coverage on Universal Logistics in a research note on Wednesday, October 17th. They issued a “hold” rating and a $35.00 price target on the stock. Two 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. The stock has a consensus rating of “Hold” and a consensus price target of $35.25.

NASDAQ:ULH opened at $21.56 on Wednesday. Universal Logistics has a twelve month low of $20.38 and a twelve month high of $37.67. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $606.86 million, a price-to-earnings ratio of 29.53 and a beta of 1.69.

Universal Logistics (NASDAQ:ULH) last released its quarterly earnings results on Thursday, October 25th. The transportation company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. Universal Logistics had a return on equity of 26.53% and a net margin of 4.86%. The firm had revenue of $374.29 million during the quarter, compared to the consensus estimate of $341.00 million.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can acquired a new stake in Universal Logistics in the second quarter valued at about $155,000. Ibex Investors LLC acquired a new stake in Universal Logistics in the third quarter valued at about $209,000. Spark Investment Management LLC acquired a new stake in Universal Logistics in the second quarter valued at about $231,000. MetLife Investment Advisors LLC acquired a new stake in Universal Logistics in the third quarter valued at about $231,000. Finally, Rhumbline Advisers acquired a new stake in Universal Logistics in the second quarter valued at about $236,000. 26.84% of the stock is currently owned by institutional investors.

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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