Universal Logistics (ULH) Downgraded by BidaskClub to Hold

Universal Logistics (NASDAQ:ULH) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Friday.

Several other equities research analysts have also commented on the stock. Loop Capital assumed coverage on shares of Universal Logistics in a research note on Wednesday. They set a “hold” rating and a $35.00 price target on the stock. Citigroup raised their price objective on shares of Universal Logistics from $33.00 to $37.00 and gave the stock a “neutral” rating in a research report on Tuesday. Zacks Investment Research raised shares of Universal Logistics from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective on the stock in a research report on Tuesday, August 21st. ValuEngine raised shares of Universal Logistics from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 30th. Finally, Stifel Nicolaus raised their price objective on shares of Universal Logistics from $28.00 to $35.00 and gave the stock a “hold” rating in a research report on Monday, July 30th. Four equities research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $37.00.

NASDAQ:ULH traded down $0.59 during midday trading on Friday, hitting $30.58. 62,700 shares of the company were exchanged, compared to its average volume of 59,722. Universal Logistics has a fifty-two week low of $20.38 and a fifty-two week high of $37.67. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $983.03 million, a P/E ratio of 41.89 and a beta of 1.45.

Universal Logistics (NASDAQ:ULH) last announced its quarterly earnings results on Thursday, July 26th. The transportation company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.24. Universal Logistics had a net margin of 3.70% and a return on equity of 24.39%. The firm had revenue of $365.93 million for the quarter, compared to analyst estimates of $316.60 million. On average, sell-side analysts anticipate that Universal Logistics will post 1.88 EPS for the current year.

In other Universal Logistics news, Director H.E. Wolfe sold 10,065 shares of the firm’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $35.25, for a total transaction of $354,791.25. Following the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $881,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeff Rogers sold 7,500 shares of the firm’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $35.25, for a total transaction of $264,375.00. Following the transaction, the chief executive officer now directly owns 41,000 shares in the company, valued at $1,445,250. The disclosure for this sale can be found here. Company insiders own 71.00% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Northern Trust Corp boosted its holdings in shares of Universal Logistics by 5.3% in the second quarter. Northern Trust Corp now owns 110,651 shares of the transportation company’s stock valued at $2,904,000 after acquiring an additional 5,592 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Universal Logistics by 1,306.5% in the second quarter. Tower Research Capital LLC TRC now owns 20,225 shares of the transportation company’s stock valued at $531,000 after acquiring an additional 18,787 shares in the last quarter. Sterling Capital Management LLC purchased a new stake in shares of Universal Logistics in the second quarter valued at about $879,000. Bank of America Corp DE boosted its holdings in shares of Universal Logistics by 1,745.7% in the second quarter. Bank of America Corp DE now owns 45,294 shares of the transportation company’s stock valued at $1,189,000 after acquiring an additional 42,840 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Universal Logistics by 59.0% in the second quarter. Renaissance Technologies LLC now owns 233,550 shares of the transportation company’s stock valued at $6,131,000 after acquiring an additional 86,650 shares in the last quarter. 26.58% of the stock is currently owned by institutional investors.

About Universal Logistics

Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. It offers transportation services including dry van, flatbed, heavy haul, and refrigerated services; domestic and international freight forwarding and customs brokerage services; and final mile and ground expedite services.

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