Universal Logistics (ULH) Downgraded by BidaskClub to “Hold”

BidaskClub cut shares of Universal Logistics (NASDAQ:ULH) from a buy rating to a hold rating in a research report released on Friday morning.

Several other analysts have also recently weighed in on ULH. Stifel Nicolaus reaffirmed a hold rating and set a $27.00 price objective on shares of Universal Logistics in a research note on Wednesday, June 27th. Citigroup upped their price objective on shares of Universal Logistics from $26.00 to $33.00 and gave the stock a neutral rating in a research note on Monday, July 30th. ValuEngine raised shares of Universal Logistics from a buy rating to a strong-buy rating in a research note on Monday, July 30th. 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 note on Tuesday, August 21st. Finally, Loop Capital initiated coverage on shares of Universal Logistics in a research note on Wednesday. They set a hold rating and a $35.00 price objective on the stock. Four analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company. The stock has an average rating of Buy and a consensus price target of $37.00.

Universal Logistics stock traded down $0.59 during trading hours on Friday, hitting $30.58. 62,724 shares of the stock were exchanged, compared to its average volume of 78,498. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $885.07 million, a price-to-earnings ratio of 41.89 and a beta of 1.45. Universal Logistics has a 12 month low of $20.38 and a 12 month high of $37.67.

Universal Logistics (NASDAQ:ULH) last issued its quarterly earnings data on Thursday, July 26th. The transportation company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.24. The firm had revenue of $365.93 million for the quarter, compared to analysts’ expectations of $316.60 million. Universal Logistics had a net margin of 3.70% and a return on equity of 24.39%. As a group, equities research analysts predict that Universal Logistics will post 1.88 EPS for the current year.

In other news, Director H.E. Wolfe sold 10,065 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $35.25, for a total value of $354,791.25. Following the transaction, the director now owns 25,000 shares in the company, valued at approximately $881,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeff Rogers sold 7,500 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 41,000 shares in the company, valued at approximately $1,445,250. The disclosure for this sale can be found here. 71.00% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. increased its stake in Universal Logistics by 75.6% during the 2nd quarter. BlackRock Inc. now owns 1,019,888 shares of the transportation company’s stock valued at $26,770,000 after purchasing an additional 439,058 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Universal Logistics by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 531,576 shares of the transportation company’s stock valued at $13,954,000 after purchasing an additional 38,095 shares in the last quarter. Renaissance Technologies LLC increased its stake in Universal Logistics by 59.0% during the 2nd quarter. Renaissance Technologies LLC now owns 233,550 shares of the transportation company’s stock valued at $6,131,000 after purchasing an additional 86,650 shares in the last quarter. Boston Partners increased its stake in Universal Logistics by 14.0% during the 2nd quarter. Boston Partners now owns 208,400 shares of the transportation company’s stock valued at $5,471,000 after purchasing an additional 25,645 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Universal Logistics by 24.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 171,600 shares of the transportation company’s stock valued at $4,505,000 after purchasing an additional 33,745 shares in the last quarter. Institutional investors and hedge funds own 26.58% of the company’s stock.

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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