Universal Logistics (NASDAQ:ULH) Upgraded to Buy by StockNews.com

Universal Logistics (NASDAQ:ULH) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Friday.

Separately, Stifel Nicolaus raised Universal Logistics from a “hold” rating to a “buy” rating and lifted their price objective for the company from $35.00 to $36.00 in a report on Wednesday, January 10th.

Universal Logistics Stock Performance

NASDAQ:ULH traded up $12.95 during mid-day trading on Friday, hitting $45.84. 483,688 shares of the stock were exchanged, compared to its average volume of 35,785. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 12.95 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.39 and a current ratio of 1.39. The firm’s 50-day simple moving average is $34.70 and its 200 day simple moving average is $29.58. Universal Logistics has a fifty-two week low of $20.85 and a fifty-two week high of $48.63.

Universal Logistics (NASDAQ:ULH) last announced its quarterly earnings data on Thursday, February 15th. The transportation company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.10. The firm had revenue of $390.92 million during the quarter, compared to analysts’ expectations of $377.30 million. Universal Logistics had a return on equity of 18.58% and a net margin of 5.59%. As a group, equities analysts anticipate that Universal Logistics will post 3.65 EPS for the current fiscal year.

Institutional Investors Weigh In On Universal Logistics

A number of hedge funds and other institutional investors have recently bought and sold shares of ULH. SG Americas Securities LLC bought a new stake in shares of Universal Logistics in the 4th quarter valued at about $110,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Universal Logistics in the 3rd quarter valued at about $171,000. Quadrature Capital Ltd bought a new stake in shares of Universal Logistics in the 3rd quarter valued at about $253,000. Seizert Capital Partners LLC grew its position in shares of Universal Logistics by 21.5% in the 3rd quarter. Seizert Capital Partners LLC now owns 12,184 shares of the transportation company’s stock valued at $307,000 after buying an additional 2,157 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its position in shares of Universal Logistics by 13.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 14,514 shares of the transportation company’s stock valued at $365,000 after buying an additional 1,674 shares during the last quarter. Institutional investors own 25.50% 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. The company offers truckload services, which include dry van, flatbed, heavy-haul, and refrigerated operations; domestic and international freight forwarding, and customs brokerage services.