Universal Logistics (NASDAQ:ULH – Get Free Report) issued its quarterly earnings data on Friday. The transportation company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03, FiscalAI reports. Universal Logistics had a positive return on equity of 2.65% and a negative net margin of 4.29%.The company had revenue of $379.32 million during the quarter, compared to analysts’ expectations of $380.40 million.
Universal Logistics Price Performance
NASDAQ:ULH opened at $13.38 on Friday. The stock’s fifty day moving average price is $15.40 and its two-hundred day moving average price is $17.02. Universal Logistics has a 52-week low of $11.73 and a 52-week high of $27.24. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $352.83 million, a price-to-earnings ratio of -7.27 and a beta of 0.68.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on ULH. Zacks Research cut shares of Universal Logistics from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 15th. Stifel Nicolaus reduced their price target on shares of Universal Logistics from $17.00 to $15.00 and set a “hold” rating on the stock in a research report on Wednesday, July 15th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Universal Logistics in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Universal Logistics currently has an average rating of “Sell” and a consensus price target of $15.00.
Institutional Investors Weigh In On Universal Logistics
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in Universal Logistics by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 200,020 shares of the transportation company’s stock valued at $3,039,000 after acquiring an additional 7,339 shares during the last quarter. Empowered Funds LLC lifted its position in Universal Logistics by 5.0% during the 1st quarter. Empowered Funds LLC now owns 108,268 shares of the transportation company’s stock valued at $2,841,000 after purchasing an additional 5,136 shares during the period. AQR Capital Management LLC acquired a new position in Universal Logistics during the 1st quarter valued at about $789,000. Lazard Asset Management LLC boosted its stake in shares of Universal Logistics by 7.1% in the 2nd quarter. Lazard Asset Management LLC now owns 20,569 shares of the transportation company’s stock valued at $520,000 after purchasing an additional 1,361 shares during the last quarter. Finally, Royal Bank of Canada grew its position in shares of Universal Logistics by 208.2% during the 4th quarter. Royal Bank of Canada now owns 31,703 shares of the transportation company’s stock worth $482,000 after buying an additional 21,416 shares during the period. Institutional investors own 25.50% of the company’s stock.
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.
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