Universal Logistics (ULH) Stock Rating Lowered by ValuEngine

Universal Logistics (NASDAQ:ULH) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

ULH has been the subject of a number of other reports. BidaskClub upgraded shares of Universal Logistics from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 12th. Zacks Investment Research upgraded shares of Universal Logistics from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Stifel Nicolaus reiterated a “buy” rating and issued a $24.00 price target on shares of Universal Logistics in a research report on Sunday, October 1st. Finally, Citigroup boosted their price objective on shares of Universal Logistics from $14.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, October 6th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Universal Logistics presently has a consensus rating of “Hold” and a consensus target price of $23.00.

Shares of Universal Logistics (NASDAQ:ULH) opened at $23.90 on Friday. Universal Logistics has a 52-week low of $11.65 and a 52-week high of $24.30. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market cap of $662.93, a P/E ratio of 38.28 and a beta of 1.57.

In other Universal Logistics news, Director H.E. Wolfe sold 17,500 shares of the firm’s stock in a transaction on Sunday, November 5th. The stock was sold at an average price of $22.00, for a total value of $385,000.00. Following the sale, the director now directly owns 35,065 shares in the company, valued at $771,430. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 71.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in ULH. Wells Fargo & Company MN grew its holdings in shares of Universal Logistics by 81.3% during the third quarter. Wells Fargo & Company MN now owns 7,609 shares of the transportation company’s stock worth $155,000 after buying an additional 3,413 shares in the last quarter. Teachers Advisors LLC lifted its position in shares of Universal Logistics by 10.2% in the second quarter. Teachers Advisors LLC now owns 12,660 shares of the transportation company’s stock valued at $190,000 after buying an additional 1,169 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in Universal Logistics during the 1st quarter worth approximately $225,000. Schwab Charles Investment Management Inc. increased its stake in shares of Universal Logistics by 47.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 31,477 shares of the transportation company’s stock valued at $473,000 after purchasing an additional 10,129 shares during the last quarter. Finally, Zacks Investment Management bought a new stake in Universal Logistics in the 2nd quarter valued at about $979,000. Hedge funds and other institutional investors own 27.79% of the company’s stock.

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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.

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