Universal Logistics Holdings Inc (NYSE:ULH) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Wednesday, October 18th.
Several other analysts also recently weighed in on the company. Zacks Investment Research upgraded Universal Logistics Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Citigroup Inc. upped their price target on Universal Logistics Holdings from $14.00 to $22.00 and gave the stock a “neutral” rating in a research note on Friday, October 6th. Finally, Stifel Nicolaus upgraded Universal Logistics Holdings from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Monday, July 31st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $23.00.
Shares of Universal Logistics Holdings (NYSE ULH) opened at 21.35 on Wednesday. The firm has a market cap of $607.24 million and a PE ratio of 41.06. Universal Logistics Holdings has a 52 week low of $11.65 and a 52 week high of $22.44. The firm has a 50-day moving average price of $20.08 and a 200-day moving average price of $15.78.
Universal Logistics Holdings (NYSE:ULH) last announced its earnings results on Thursday, July 27th. The transportation company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm had revenue of $305.20 million during the quarter, compared to analyst estimates of $302.10 million. Universal Logistics Holdings had a return on equity of 7.26% and a net margin of 0.90%. On average, equities research analysts predict that Universal Logistics Holdings will post $0.56 earnings per share for the current year.
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Several hedge funds have recently added to or reduced their stakes in ULH. Deprince Race & Zollo Inc. boosted its stake in shares of Universal Logistics Holdings by 458.6% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 496,871 shares of the transportation company’s stock worth $7,453,000 after buying an additional 407,916 shares during the last quarter. Zacks Investment Management purchased a new position in shares of Universal Logistics Holdings in the 2nd quarter worth $979,000. FMR LLC boosted its stake in shares of Universal Logistics Holdings by 3.1% in the 1st quarter. FMR LLC now owns 2,112,726 shares of the transportation company’s stock worth $30,318,000 after buying an additional 63,307 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Universal Logistics Holdings by 4.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 419,396 shares of the transportation company’s stock worth $6,291,000 after buying an additional 19,097 shares during the last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Universal Logistics Holdings in the 1st quarter worth $225,000.
About Universal Logistics Holdings
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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