Stifel Nicolaus Lowers Universal Logistics (NASDAQ:ULH) Price Target to $29.00

Universal Logistics (NASDAQ:ULH) had its target price reduced by investment analysts at Stifel Nicolaus from $37.00 to $29.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price target points to a potential upside of 36.31% from the stock’s previous close.

Separately, StockNews.com cut Universal Logistics from a “hold” rating to a “sell” rating in a report on Monday.

Universal Logistics Stock Performance

Universal Logistics stock opened at $21.28 on Tuesday. The stock’s 50 day moving average is $26.40 and its 200 day moving average is $38.22. The company has a market capitalization of $559.89 million, a P/E ratio of 4.31 and a beta of 0.92. Universal Logistics has a twelve month low of $20.76 and a twelve month high of $53.29. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.75.

Universal Logistics (NASDAQ:ULH) last announced its quarterly earnings results on Thursday, April 24th. The transportation company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.25). The firm had revenue of $382.39 million for the quarter, compared to the consensus estimate of $400.60 million. Universal Logistics had a net margin of 7.04% and a return on equity of 21.37%. On average, equities research analysts predict that Universal Logistics will post 2.81 earnings per share for the current fiscal year.

Institutional Trading of Universal Logistics

Hedge funds have recently bought and sold shares of the stock. FMR LLC grew its stake in shares of Universal Logistics by 15.2% during the 4th quarter. FMR LLC now owns 2,924,397 shares of the transportation company’s stock valued at $134,347,000 after acquiring an additional 386,538 shares during the period. First Trust Advisors LP purchased a new stake in shares of Universal Logistics in the fourth quarter worth $4,437,000. Invesco Ltd. raised its position in shares of Universal Logistics by 551.2% during the 4th quarter. Invesco Ltd. now owns 96,054 shares of the transportation company’s stock valued at $4,413,000 after purchasing an additional 81,304 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Universal Logistics during the 4th quarter valued at $1,734,000. Finally, American Century Companies Inc. boosted its holdings in Universal Logistics by 10.2% in the 4th quarter. American Century Companies Inc. now owns 231,617 shares of the transportation company’s stock worth $10,640,000 after buying an additional 21,516 shares during the period. Institutional investors own 25.50% of the company’s stock.

Universal Logistics Company Profile

Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. The company offers truckload services, which include dry van, flatbed, heavy-haul, and refrigerated operations; domestic and international freight forwarding, and customs brokerage services.