BidaskClub cut shares of Universal Logistics (NASDAQ:ULH) from a sell rating to a strong sell rating in a report issued on Wednesday morning.
A number of other research firms have also recently weighed in on ULH. Zacks Investment Research cut Universal Logistics from a buy rating to a hold rating in a research report on Thursday, December 28th. ValuEngine cut Universal Logistics from a buy rating to a hold rating in a research report on Friday, December 1st. Finally, TheStreet raised Universal Logistics from a c rating to a b- rating in a research report on Friday, February 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $23.00.
Universal Logistics (NASDAQ:ULH) traded up $0.40 during trading on Wednesday, hitting $21.80. The company’s stock had a trading volume of 56,766 shares, compared to its average volume of 19,177. The company has a market cap of $618.49, a P/E ratio of 29.86 and a beta of 1.54. Universal Logistics has a 1-year low of $11.65 and a 1-year high of $25.65. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.40.
A number of hedge funds and other institutional investors have recently bought and sold shares of ULH. Teachers Advisors LLC lifted its holdings in Universal Logistics by 10.2% in the 2nd quarter. Teachers Advisors LLC now owns 12,660 shares of the transportation company’s stock worth $190,000 after purchasing an additional 1,169 shares in the last quarter. Northern Trust Corp lifted its holdings in Universal Logistics by 1.7% in the 2nd quarter. Northern Trust Corp now owns 143,751 shares of the transportation company’s stock worth $2,156,000 after purchasing an additional 2,427 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Universal Logistics by 4.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 419,396 shares of the transportation company’s stock worth $6,291,000 after purchasing an additional 19,097 shares in the last quarter. State Street Corp lifted its holdings in Universal Logistics by 8.2% in the 2nd quarter. State Street Corp now owns 135,951 shares of the transportation company’s stock worth $2,044,000 after purchasing an additional 10,263 shares in the last quarter. Finally, Boston Partners purchased a new position in Universal Logistics in the 3rd quarter worth approximately $1,763,000. 27.29% of the stock is currently owned by institutional investors.
TRADEMARK VIOLATION NOTICE: “Universal Logistics (ULH) Rating Lowered to Strong Sell at BidaskClub” was first reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark law. The legal version of this piece of content can be viewed at https://sportsperspectives.com/2018/03/11/universal-logistics-ulh-rating-lowered-to-strong-sell-at-bidaskclub-2.html.
Universal Logistics Company Profile
Universal Logistics Holdings, Inc, formerly Universal Truckload Services, Inc, is an asset-light provider of customized transportation and logistics solutions across the United States, Mexico, Canada and Colombia. The Company operates through two segments: the transportation segment and the logistics segment.
Receive News & Ratings for Universal Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Logistics and related companies with MarketBeat.com's FREE daily email newsletter.