Universal Logistics Holdings Inc (ULH) Rating Increased to Strong-Buy at BidaskClub

Universal Logistics Holdings Inc (NYSE:ULH) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday.

Several other analysts also recently weighed in on ULH. Zacks Investment Research raised shares of Universal Logistics Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Stifel Nicolaus raised shares of Universal Logistics Holdings from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Monday, July 31st.

Universal Logistics Holdings (ULH) opened at 18.15 on Tuesday. The firm has a 50-day moving average of $15.05 and a 200 day moving average of $14.22. The company has a market capitalization of $516.22 million and a P/E ratio of 34.90. Universal Logistics Holdings has a 52-week low of $11.09 and a 52-week high of $18.15.

Universal Logistics Holdings (NYSE:ULH) last released its earnings results on Thursday, July 27th. The transportation company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $305.20 million for the quarter, compared to the consensus estimate of $302.10 million. Universal Logistics Holdings had a net margin of 0.90% and a return on equity of 7.26%. Equities analysts predict that Universal Logistics Holdings will post $0.70 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in Universal Logistics Holdings during the 1st quarter valued at approximately $134,000. Teachers Advisors LLC lifted its stake in Universal Logistics Holdings by 10.2% during the 2nd quarter. Teachers Advisors LLC now owns 12,660 shares of the transportation company’s stock valued at $190,000 after acquiring an additional 1,169 shares during the period. Goldman Sachs Group Inc. acquired a new stake in Universal Logistics Holdings during the 1st quarter valued at approximately $225,000. Schwab Charles Investment Management Inc. lifted its stake in Universal Logistics Holdings by 47.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 31,477 shares of the transportation company’s stock valued at $473,000 after acquiring an additional 10,129 shares during the period. Finally, Zacks Investment Management acquired a new stake in Universal Logistics Holdings during the 2nd quarter valued at approximately $979,000.

Universal Logistics Holdings Company Profile

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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