Universal Logistics (ULH) Upgraded to “Sell” at BidaskClub

BidaskClub upgraded shares of Universal Logistics (NASDAQ:ULH) from a strong sell rating to a sell rating in a report published on Thursday.

Other analysts have also issued reports about the stock. ValuEngine lowered shares of Universal Logistics from a hold rating to a sell rating in a research note on Tuesday, November 27th. Loop Capital reduced their price objective on shares of Universal Logistics to $31.00 and set a hold rating for the company in a research note on Monday, October 29th. Finally, Citigroup upped their price objective on shares of Universal Logistics from $33.00 to $37.00 and gave the company a neutral rating in a research note on Tuesday, October 16th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company’s stock. Universal Logistics currently has an average rating of Hold and an average target price of $35.25.

NASDAQ ULH traded up $0.27 on Thursday, reaching $20.37. The company’s stock had a trading volume of 48,000 shares, compared to its average volume of 59,013. Universal Logistics has a twelve month low of $17.40 and a twelve month high of $37.67. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $588.42 million, a price-to-earnings ratio of 27.90 and a beta of 1.78.

Universal Logistics (NASDAQ:ULH) last issued its quarterly earnings results on Thursday, October 25th. The transportation company reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.01. Universal Logistics had a net margin of 4.86% and a return on equity of 26.53%. The company had revenue of $374.29 million during the quarter, compared to the consensus estimate of $341.00 million. As a group, research analysts predict that Universal Logistics will post 1.88 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the business. Ibex Investors LLC acquired a new position in shares of Universal Logistics in the 3rd quarter valued at about $209,000. MetLife Investment Advisors LLC acquired a new position in shares of Universal Logistics in the 3rd quarter valued at about $231,000. Alliancebernstein L.P. acquired a new position in shares of Universal Logistics in the 3rd quarter valued at about $236,000. Globeflex Capital L P acquired a new position in shares of Universal Logistics in the 3rd quarter valued at about $265,000. Finally, Stone Ridge Asset Management LLC acquired a new position in Universal Logistics in the third quarter worth approximately $282,000. 26.84% of the stock is owned by institutional investors.

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.

See Also: What does cost of debt say about a company’s financial health?

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.

Leave a Reply