Universal Logistics (NASDAQ:ULH) Issues Earnings Results

Universal Logistics (NASDAQ:ULH) posted its quarterly earnings data on Thursday. The transportation company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06, Zacks reports. Universal Logistics had a net margin of 3.66% and a return on equity of 9.47%.

Universal Logistics Stock Down 3.0%

ULH traded down $0.48 during trading hours on Thursday, hitting $15.32. 58,336 shares of the company’s stock were exchanged, compared to its average volume of 51,372. Universal Logistics has a 1-year low of $15.06 and a 1-year high of $52.74. The stock’s 50-day moving average is $21.73 and its two-hundred day moving average is $23.88. The stock has a market cap of $403.38 million, a price-to-earnings ratio of 6.58 and a beta of 0.90. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.07.

Institutional Trading of Universal Logistics

Large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC bought a new stake in shares of Universal Logistics during the 1st quarter worth about $789,000. Empowered Funds LLC boosted its holdings in shares of Universal Logistics by 5.0% during the 1st quarter. Empowered Funds LLC now owns 108,268 shares of the transportation company’s stock worth $2,841,000 after buying an additional 5,136 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Universal Logistics by 4.3% during the 2nd quarter. Geode Capital Management LLC now owns 193,413 shares of the transportation company’s stock worth $4,910,000 after buying an additional 8,039 shares during the period. Legal & General Group Plc boosted its holdings in shares of Universal Logistics by 93.7% during the 2nd quarter. Legal & General Group Plc now owns 13,514 shares of the transportation company’s stock worth $343,000 after buying an additional 6,538 shares during the period. Finally, First Trust Advisors LP boosted its holdings in shares of Universal Logistics by 44.2% during the 2nd quarter. First Trust Advisors LP now owns 129,253 shares of the transportation company’s stock worth $3,280,000 after buying an additional 39,633 shares during the period. Institutional investors and hedge funds own 25.50% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ULH shares. Zacks Research lowered shares of Universal Logistics from a “hold” rating to a “strong sell” rating in a research note on Monday, October 27th. Weiss Ratings restated a “hold (c-)” rating on shares of Universal Logistics in a research note on Wednesday, October 8th. Stifel Nicolaus dropped their price target on shares of Universal Logistics from $28.00 to $24.00 and set a “hold” rating on the stock in a research note on Friday, October 10th. Finally, Wall Street Zen lowered shares of Universal Logistics from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $24.00.

About Universal Logistics

Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. The company offers truckload services, which include dry van, flatbed, heavy-haul, and refrigerated operations; domestic and international freight forwarding, and customs brokerage services.