Universal Logistics Holdings Inc (NYSE:ULH) updated its third quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.22-0.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.22. The company issued revenue guidance of $300-305 million, compared to the consensus revenue estimate of $307.30 million.

Several equities research analysts have weighed in on the company. Zacks Investment Research raised Universal Logistics Holdings from a hold rating to a buy rating and set a $23.00 price target for the company in a report on Thursday. Stifel Nicolaus restated a buy rating and issued a $24.00 price objective on shares of Universal Logistics Holdings in a research note on Sunday. Finally, BidaskClub upgraded Universal Logistics Holdings from a buy rating to a strong-buy rating in a research report on Tuesday, September 12th.

Shares of Universal Logistics Holdings Inc (NYSE:ULH) traded up 1.21% during mid-day trading on Thursday, hitting $20.95. The stock had a trading volume of 22,333 shares. The company has a market cap of $595.86 million and a PE ratio of 40.29. The stock has a 50 day moving average price of $17.59 and a 200-day moving average price of $14.92. Universal Logistics Holdings Inc has a 52-week low of $11.65 and a 52-week high of $21.05.

Universal Logistics Holdings (NYSE:ULH) last announced its quarterly earnings data on Thursday, July 27th. The transportation company reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.01. Universal Logistics Holdings had a net margin of 0.90% and a return on equity of 7.26%. The business had revenue of $305.20 million during the quarter, compared to analyst estimates of $302.10 million. On average, equities analysts expect that Universal Logistics Holdings Inc will post $0.72 earnings per share for the current fiscal year.

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A hedge fund recently raised its stake in Universal Logistics Holdings stock. State Street Corp increased its stake in shares of Universal Logistics Holdings Inc (NYSE:ULH) by 8.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 135,951 shares of the transportation company’s stock after purchasing an additional 10,263 shares during the quarter. State Street Corp owned about 0.48% of Universal Logistics Holdings worth $2,044,000 at the end of the most recent quarter.

About Universal Logistics Holdings

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.

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