Universal Logistics (NASDAQ:ULH) Stock Passes Below 50-Day Moving Average – What’s Next?

Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $16.66 and traded as low as $15.49. Universal Logistics shares last traded at $16.18, with a volume of 46,035 shares.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Wall Street Zen upgraded Universal Logistics from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “sell (d)” rating on shares of Universal Logistics in a report on Monday, December 29th. Zacks Research upgraded shares of Universal Logistics from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Finally, Stifel Nicolaus lowered their price objective on shares of Universal Logistics from $18.00 to $17.00 and set a “hold” rating for the company in a research report on Tuesday, December 16th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Universal Logistics currently has a consensus rating of “Reduce” and an average target price of $17.00.

Universal Logistics Price Performance

The firm has a fifty day moving average of $16.66 and a two-hundred day moving average of $19.18. The stock has a market capitalization of $426.02 million, a P/E ratio of -10.64 and a beta of 0.93. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.32 and a quick ratio of 1.32.

Hedge Funds Weigh In On Universal Logistics

Several institutional investors have recently bought and sold shares of the business. First Trust Advisors LP lifted its holdings in Universal Logistics by 44.2% during the second quarter. First Trust Advisors LP now owns 129,253 shares of the transportation company’s stock worth $3,280,000 after buying an additional 39,633 shares during the period. AQR Capital Management LLC bought a new position in shares of Universal Logistics in the 1st quarter worth $789,000. Walleye Capital LLC purchased a new stake in shares of Universal Logistics during the 4th quarter worth $340,000. Pacific Ridge Capital Partners LLC boosted its position in Universal Logistics by 120.6% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 34,152 shares of the transportation company’s stock valued at $519,000 after purchasing an additional 18,672 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Universal Logistics by 5.6% during the second quarter. American Century Companies Inc. now owns 262,597 shares of the transportation company’s stock valued at $6,665,000 after purchasing an additional 13,860 shares in the last quarter. 25.50% of the stock is owned by hedge funds and other 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.