Universal Logistics (ULH) Lowered to “Hold” at BidaskClub

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

ULH has been the subject of several other research reports. Citigroup raised their price objective on shares of Universal Logistics from $14.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, October 6th. ValuEngine lowered shares of Universal Logistics from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research raised shares of Universal Logistics from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $24.00 price objective on shares of Universal Logistics in a research note on Sunday, October 1st. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Universal Logistics presently has an average rating of “Hold” and an average price target of $23.00.

Universal Logistics (NASDAQ:ULH) opened at $23.80 on Wednesday. Universal Logistics has a 12-month low of $11.65 and a 12-month high of $24.65. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market cap of $675.71, a PE ratio of 103.48 and a beta of 1.58.

In other Universal Logistics news, Director H.E. Wolfe sold 17,500 shares of the company’s stock in a transaction dated Sunday, November 5th. The shares were sold at an average price of $22.00, for a total transaction of $385,000.00. Following the completion of the sale, the director now directly owns 35,065 shares of the company’s stock, valued at $771,430. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 71.00% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of Universal Logistics by 5.5% in the third quarter. Dimensional Fund Advisors LP now owns 442,594 shares of the transportation company’s stock worth $9,051,000 after purchasing an additional 23,198 shares in the last quarter. Grandeur Peak Global Advisors LLC lifted its position in shares of Universal Logistics by 3.1% in the second quarter. Grandeur Peak Global Advisors LLC now owns 380,620 shares of the transportation company’s stock worth $5,709,000 after purchasing an additional 11,606 shares in the last quarter. Northern Trust Corp lifted its position in shares of Universal Logistics by 1.7% in the second quarter. Northern Trust Corp now owns 143,751 shares of the transportation company’s stock worth $2,156,000 after purchasing an additional 2,427 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in shares of Universal Logistics by 2.0% in the second quarter. Thrivent Financial For Lutherans now owns 142,774 shares of the transportation company’s stock worth $2,141,000 after purchasing an additional 2,860 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Universal Logistics by 8.2% in the second quarter. State Street Corp now owns 135,951 shares of the transportation company’s stock worth $2,044,000 after purchasing an additional 10,263 shares in the last quarter. 27.81% of the stock is owned by institutional investors and hedge funds.

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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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