Zacks Investment Research upgraded shares of Universal Logistics Holdings Inc (NYSE:ULH) from a hold rating to a buy rating in a research note published on Thursday morning. Zacks Investment Research currently has $23.00 price objective on the transportation company’s stock.
According to Zacks, “Universal Truckload is a primarily non-asset based provider of transportation services to shippers throughout the United States and in the Canadian provinces of Ontario and Quebec. Their over-the-road trucking services include both flatbed and dry van operations and they provide rail-truck and steamship-truck intermodal support services. They also offer truck brokerage services, which allow them to supplement their capacity and provide their customers with transportation of freight not handled by their owner-operators. “
A number of other research firms also recently issued reports on ULH. Stifel Nicolaus raised Universal Logistics Holdings from a hold rating to a buy rating and set a $17.00 price target on the stock in a research report on Monday, July 31st. BidaskClub raised Universal Logistics Holdings from a buy rating to a strong-buy rating in a research report on Tuesday, September 12th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $23.00.
Universal Logistics Holdings (ULH) opened at 21.35 on Thursday. The firm’s 50-day moving average price is $17.97 and its 200 day moving average price is $15.02. Universal Logistics Holdings has a 12 month low of $11.65 and a 12 month high of $22.40. The stock has a market cap of $607.24 million and a price-to-earnings ratio of 41.06.
Universal Logistics Holdings (NYSE:ULH) last posted its quarterly earnings results on Thursday, July 27th. The transportation company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Universal Logistics Holdings had a return on equity of 7.26% and a net margin of 0.90%. The business had revenue of $305.20 million for the quarter, compared to the consensus estimate of $302.10 million. On average, analysts anticipate that Universal Logistics Holdings will post $0.72 earnings per share for the current year.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its stake in shares of Universal Logistics Holdings by 2.4% during the 1st quarter. Bank of New York Mellon Corp now owns 106,818 shares of the transportation company’s stock worth $1,533,000 after purchasing an additional 2,495 shares during the last quarter. Deprince Race & Zollo Inc. lifted its stake in shares of Universal Logistics Holdings by 458.6% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 496,871 shares of the transportation company’s stock worth $7,453,000 after purchasing an additional 407,916 shares during the last quarter. FMR LLC lifted its stake in shares of Universal Logistics Holdings by 3.1% during the 1st quarter. FMR LLC now owns 2,112,726 shares of the transportation company’s stock worth $30,318,000 after purchasing an additional 63,307 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Universal Logistics Holdings during the 1st quarter worth $225,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Universal Logistics Holdings by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 400,299 shares of the transportation company’s stock worth $5,744,000 after purchasing an additional 5,490 shares during the last quarter.
About Universal Logistics Holdings
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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