Wall Street Zen Downgrades Universal Logistics (NASDAQ:ULH) to Sell

Universal Logistics (NASDAQ:ULH) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Several other research firms also recently commented on ULH. Zacks Research upgraded shares of Universal Logistics from a “strong sell” rating to a “hold” rating in a report on Friday, September 26th. Stifel Nicolaus decreased their price objective on shares of Universal Logistics from $28.00 to $24.00 and set a “hold” rating on the stock in a report on Friday. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Universal Logistics in a report on Wednesday, October 8th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $24.00.

Universal Logistics Stock Performance

Shares of ULH stock opened at $18.72 on Friday. The company’s fifty day simple moving average is $24.06 and its 200-day simple moving average is $24.85. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.07. The firm has a market cap of $492.90 million, a PE ratio of 8.03 and a beta of 0.93. Universal Logistics has a 12 month low of $18.71 and a 12 month high of $53.29.

Universal Logistics (NASDAQ:ULH) last posted its quarterly earnings results on Thursday, July 24th. The transportation company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). Universal Logistics had a return on equity of 9.47% and a net margin of 3.66%.The firm had revenue of $393.79 million for the quarter, compared to the consensus estimate of $398.50 million. Equities research analysts expect that Universal Logistics will post 2.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Universal Logistics

A number of large investors have recently bought and sold shares of the company. American Century Companies Inc. grew its stake in Universal Logistics by 5.6% during the second quarter. American Century Companies Inc. now owns 262,597 shares of the transportation company’s stock worth $6,665,000 after buying an additional 13,860 shares in the last quarter. Bridgeway Capital Management LLC grew its stake in Universal Logistics by 1.4% during the first quarter. Bridgeway Capital Management LLC now owns 217,277 shares of the transportation company’s stock worth $5,701,000 after buying an additional 2,956 shares in the last quarter. Geode Capital Management LLC grew its stake in Universal Logistics by 4.3% during the second quarter. Geode Capital Management LLC now owns 193,413 shares of the transportation company’s stock worth $4,910,000 after buying an additional 8,039 shares in the last quarter. First Trust Advisors LP grew its stake in Universal Logistics by 44.2% during the second quarter. First Trust Advisors LP now owns 129,253 shares of the transportation company’s stock worth $3,280,000 after buying an additional 39,633 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in Universal Logistics by 5.0% during the first quarter. Empowered Funds LLC now owns 108,268 shares of the transportation company’s stock worth $2,841,000 after buying an additional 5,136 shares in the last quarter. 25.50% of the stock is currently owned by institutional investors and hedge funds.

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.