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Universal Logistics (NASDAQ:ULH – Get Assessment) was upgraded by StockNews.com from a “buy” rating to a “strong buy” rating in a research report released Thursday.
Separately, TheStreet upgraded Universal Logistics from a “c+” rating to a “b-” rating in a Monday, March 21 research note.
Shares of Universal Logistics opened at $24.60 on Thursday. The company has a debt ratio of 1.21, a current ratio of 1.35 and a quick ratio of 1.35. The company has a market capitalization of $659.35 million, a price-earnings ratio of 7.05 and a beta of 1.34. Universal Logistics has a one-year low of $15.86 and a one-year high of $27.04. The stock’s 50-day moving average is $20.46 and its 200-day moving average is $19.32.
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 net margin of 5.06% and a return on equity of 37.12%. During the same period last year, the company posted EPS of $0.77. On average, stock analysts expect Universal Logistics to post EPS of 3.25 for the current year.
Separately, director Richard P. Urban acquired 5,000 shares of the company in a transaction dated Friday, March 11. The stock was purchased at an average price of $20.49 per share, for a total transaction of $102,450.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC’s website. Company insiders hold 72.00% of the company’s stock.
A number of institutional investors and hedge funds have recently changed their holdings in ULH. Cornerstone Investment Partners LLC purchased a new position in Universal Logistics during Q4, valued at approximately $315,000. Goldman Sachs Group Inc. bought a new stake in Universal Logistics stock in Q3 worth $478,000. Assenagon Asset Management SA bought a new position in shares of Universal Logistics during the 4th quarter with a value of $1,867,000. Barclays PLC increased its position 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. Finally, Two Sigma Advisers LP increased its stake in Universal Logistics by 109.1% in the 3rd quarter. Two Sigma Advisers LP now owns 36,600 shares of the transportation company valued at $735,000 after acquiring 19,100 additional shares in the last quarter. 23.84% of the shares are held by hedge funds and other institutional investors.
About Universal Logistics (Get a rating)
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 truck operations; domestic and international freight forwarding services and customs brokerage services; and last-mile and ground acceleration services.
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