Stifel Nicolaus Has Lowered Expectations for Universal Logistics (NASDAQ:ULH) Stock Price
by Renee Jackson · The Cerbat GemUniversal Logistics (NASDAQ:ULH – Get Free Report) had its price target dropped by stock analysts at Stifel Nicolaus from $20.00 to $17.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 25.51% from the company’s current price.
Other analysts also recently issued research reports about the company. Wall Street Zen upgraded Universal Logistics from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings restated a “sell (d)” rating on shares of Universal Logistics in a research report on Friday, March 27th. Finally, Zacks Research raised Universal Logistics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $17.00.
Read Our Latest Report on Universal Logistics
Universal Logistics Stock Performance
Shares of ULH traded down $2.59 during trading hours on Tuesday, reaching $13.55. 104,477 shares of the company traded hands, compared to its average volume of 57,259. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.20 and a current ratio of 1.20. The stock’s fifty day moving average is $19.64 and its 200 day moving average is $17.55. Universal Logistics has a 1-year low of $12.78 and a 1-year high of $30.76. The stock has a market cap of $356.91 million, a P/E ratio of -5.41 and a beta of 0.79.
Universal Logistics (NASDAQ:ULH – Get Free Report) last released its earnings results on Friday, May 1st. The transportation company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.22). Universal Logistics had a positive return on equity of 2.61% and a negative net margin of 4.29%.The firm had revenue of $367.58 million for the quarter, compared to analyst estimates of $372.30 million. Equities research analysts anticipate that Universal Logistics will post 1.06 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Universal Logistics
Several large investors have recently modified their holdings of ULH. First Trust Advisors LP boosted its stake in Universal Logistics by 5.3% in the 3rd quarter. First Trust Advisors LP now owns 136,107 shares of the transportation company’s stock valued at $3,190,000 after buying an additional 6,854 shares in the last quarter. Geode Capital Management LLC raised its stake in Universal Logistics by 4.3% during the second quarter. Geode Capital Management LLC now owns 193,413 shares of the transportation company’s stock worth $4,910,000 after acquiring an additional 8,039 shares in the last quarter. Empowered Funds LLC raised its stake in Universal Logistics by 5.0% during the first quarter. Empowered Funds LLC now owns 108,268 shares of the transportation company’s stock worth $2,841,000 after acquiring an additional 5,136 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of Universal Logistics during the first quarter valued at $789,000. Finally, Legal & General Group Plc lifted its holdings in shares of Universal Logistics by 93.7% during the second quarter. Legal & General Group Plc now owns 13,514 shares of the transportation company’s stock valued at $343,000 after acquiring an additional 6,538 shares during the period. 25.50% of the stock is currently owned by institutional investors.
About Universal Logistics
Universal Logistics Holdings, Inc is a diversified, asset-light third-party logistics provider offering transportation and supply chain solutions across North America and around the globe. Its service portfolio encompasses truckload, less-than-truckload, intermodal, and specialized freight services, supported by dedicated brokerage, warehousing, and distribution management capabilities.
Originally incorporated as Universal Truckload Services, Inc, the company has evolved beyond its core truckload heritage to a one-stop logistics platform.