Universal Logistics (NASDAQ:ULH) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.
A number of other brokerages have also commented on ULH. BidaskClub raised Universal Logistics from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 12th. Zacks Investment Research raised Universal Logistics from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Stifel Nicolaus reissued a “buy” rating and set a $24.00 price target on shares of Universal Logistics in a research note on Sunday, October 1st. Finally, Citigroup increased their price target on Universal Logistics from $14.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, October 6th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $23.00.
Universal Logistics (ULH) opened at $23.90 on Friday. The firm has a market capitalization of $678.55, a PE ratio of 38.28 and a beta of 1.55. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.10 and a quick ratio of 1.10. Universal Logistics has a one year low of $11.65 and a one year high of $24.30.
In other Universal Logistics news, Director H.E. Wolfe sold 17,500 shares of the company’s stock in a transaction that occurred on Sunday, November 5th. The stock was sold at an average price of $22.00, for a total transaction of $385,000.00. Following the sale, the director now directly owns 35,065 shares in the company, valued at $771,430. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 71.00% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN raised its position in Universal Logistics by 81.3% during the third quarter. Wells Fargo & Company MN now owns 7,609 shares of the transportation company’s stock valued at $155,000 after purchasing an additional 3,413 shares during the period. Teachers Advisors LLC raised its position in Universal Logistics by 10.2% during the second quarter. Teachers Advisors LLC now owns 12,660 shares of the transportation company’s stock valued at $190,000 after purchasing an additional 1,169 shares during the period. Goldman Sachs Group Inc. purchased a new stake in shares of Universal Logistics in the first quarter worth approximately $225,000. Schwab Charles Investment Management Inc. raised its holdings in shares of Universal Logistics by 47.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 31,477 shares of the transportation company’s stock worth $473,000 after buying an additional 10,129 shares during the period. Finally, Zacks Investment Management purchased a new stake in shares of Universal Logistics in the second quarter worth approximately $979,000. Institutional investors and hedge funds own 27.79% of the company’s stock.
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About Universal Logistics
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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