Universal Logistics (NASDAQ:ULH – Get Assessment) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a note released Wednesday to investors, Zacks.com reports. The brokerage currently has a target price of $28.00 on shares of the transportation company. Zacks Investment Research’s target price indicates a potential upside of 12.36% from the current stock price.
According to Zacks, “Universal Logistics Holdings Inc. is a provider of custom transportation and logistics solutions. It offers services across their entire supply chain, including truckload, brokerage, intermodal, dedicated and value-added services. Universal Logistics Holdings Inc. is based in WARREN, Michigan.
Several other analysts have also published reports on ULH. StockNews.com upgraded Universal Logistics from a “buy” rating to a “strong buy” rating in a Thursday, May 12, report. TheStreet upgraded Universal Logistics from a ‘c+’ to a ‘b-‘ rating in a Monday, March 21 research note.
NASDAQ: ULH traded at $0.95 midday on Wednesday, hitting $24.92. 1,175 shares of the company were traded, with an average volume of 60,413. The share’s fifty-day moving average price is $20.71 and its 200-day moving average price is $19.37. Universal Logistics has a one-year low of $15.86 and a one-year high of $27.04. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt ratio of 1.02. The company has a market capitalization of $658.88 million, a price-earnings ratio of 7.14 and a beta of 1.34.
Universal Logistics (NASDAQ:ULH – Get Rating) last released its quarterly results on Thursday, May 5. The transportation company reported earnings per share (EPS) of $1.56 for the quarter, beating the consensus estimate of $0.66 from $0.90. Universal Logistics achieved a return on equity of 35.79% and a net margin of 5.06%. In the same quarter last year, the company earned earnings per share of $0.77. Stock analysts predict that Universal Logistics will post EPS of 4.55 for the current year.
Separately, director Richard P. Urban purchased 5,000 shares of the company in a transaction that took place on Friday, March 11. The stock was purchased at an average cost of $20.49 per share, with a total value of $102,450.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders hold 72.00% of the company’s stock.
A number of institutional investors have recently changed their positions in ULH. UBS Group AG acquired a new stake in Universal Logistics during the third quarter worth approximately $29,000. Citigroup Inc. increased its position in Universal Logistics by 333.2% during the third quarter. Citigroup Inc. now owns 1,577 shares of the transportation company valued at $32,000 after purchasing an additional 1,213 shares during the period. BNP Paribas Arbitrage SA increased its position in Universal Logistics by 374.9% during the third quarter. BNP Paribas Arbitrage SA now owns 1,757 shares of the transportation company valued at $35,000 after purchasing an additional 1,387 shares during the period. Denali Advisors LLC bought a new stake in shares of Universal Logistics in the fourth quarter worth about $64,000. Finally, Barclays PLC increased its equity stake in Universal Logistics by 161.7% in the third quarter. Barclays PLC now owns 3,174 shares in the transport company worth $64,000 after buying an additional 1,961 shares during the period. 23.84% of the stock is held by institutional investors.
About Universal Logistics (Get an evaluation)
Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada and Colombia. It offers truckload services, which include dry, flatbed, heavy-haul and refrigerated pickup operations; domestic and international freight forwarding services and customs brokerage services; and last-mile and ground acceleration services.
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