Universal Logistics (NASDAQ:ULH) Rating Lowered to Strong Sell at Zacks Research

Universal Logistics (NASDAQ:ULH) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday,Zacks.com reports.

ULH has been the subject of a number of other reports. Stifel Nicolaus dropped their price objective on Universal Logistics from $17.00 to $15.00 and set a “hold” rating for the company in a report on Wednesday. Weiss Ratings reissued a “sell (d)” rating on shares of Universal Logistics in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Universal Logistics has a consensus rating of “Sell” and an average target price of $15.00.

Universal Logistics Trading Up 8.2%

Shares of ULH stock opened at $14.74 on Wednesday. The firm’s 50-day simple moving average is $15.06 and its 200-day simple moving average is $17.12. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.13 and a quick ratio of 1.13. Universal Logistics has a 1-year low of $11.73 and a 1-year high of $30.76. The firm has a market cap of $388.69 million, a P/E ratio of -5.87 and a beta of 0.68.

Universal Logistics (NASDAQ:ULH) last issued its quarterly earnings results on Friday, May 1st. The transportation company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.22). The company had revenue of $367.57 million for the quarter, compared to analyst estimates of $372.30 million. Universal Logistics had a positive return on equity of 2.65% and a negative net margin of 4.29%. As a group, equities analysts forecast that Universal Logistics will post 0.45 EPS for the current year.

Institutional Investors Weigh In On Universal Logistics

Large investors have recently made changes to their positions in the business. Lazard Asset Management LLC lifted its holdings in shares of Universal Logistics by 7.1% during the 2nd quarter. Lazard Asset Management LLC now owns 20,569 shares of the transportation company’s stock valued at $520,000 after acquiring an additional 1,361 shares in the last quarter. Royal Bank of Canada boosted its position in Universal Logistics by 208.2% during the 4th quarter. Royal Bank of Canada now owns 31,703 shares of the transportation company’s stock worth $482,000 after purchasing an additional 21,416 shares during the period. Legal & General Group Plc increased its holdings in Universal Logistics by 93.7% in the 2nd quarter. Legal & General Group Plc now owns 13,514 shares of the transportation company’s stock valued at $343,000 after purchasing an additional 6,538 shares in the last quarter. Walleye Capital LLC acquired a new stake in Universal Logistics in the 4th quarter valued at $340,000. Finally, Jane Street Group LLC raised its position in Universal Logistics by 19.8% in the fourth quarter. Jane Street Group LLC now owns 15,110 shares of the transportation company’s stock valued at $230,000 after purchasing an additional 2,501 shares during the period. Institutional investors and hedge funds own 25.50% of the company’s stock.

Universal Logistics Company Profile

Universal Logistics Holdings, Inc is a diversified, asset-light third-party logistics provider offering transportation and supply chain solutions across North America and around the globe. Its service portfolio encompasses truckload, less-than-truckload, intermodal, and specialized freight services, supported by dedicated brokerage, warehousing, and distribution management capabilities.

Originally incorporated as Universal Truckload Services, Inc, the company has evolved beyond its core truckload heritage to a one-stop logistics platform.