Universal Logistics Holdings Inc (ULH) Receives $36.33 Average Price Target from Analysts

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Shares of Universal Logistics Holdings Inc (NASDAQ:ULH) have earned a consensus recommendation of “Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $36.33.

ULH has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Universal Logistics from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a research report on Tuesday, August 21st. BidaskClub cut shares of Universal Logistics from a “strong-buy” rating to a “buy” rating in a research report on Friday. ValuEngine upgraded shares of Universal Logistics from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 30th. Citigroup boosted their price objective on shares of Universal Logistics from $26.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, July 30th. Finally, Stifel Nicolaus boosted their price objective on shares of Universal Logistics from $28.00 to $35.00 and gave the stock a “hold” rating in a research report on Monday, July 30th.

In other Universal Logistics news, Director H.E. Wolfe sold 10,065 shares of Universal Logistics stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $35.25, for a total transaction of $354,791.25. Following the completion of the sale, the director now owns 25,000 shares of the company’s stock, valued at approximately $881,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeff Rogers sold 7,500 shares of Universal Logistics stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $35.25, for a total transaction of $264,375.00. Following the sale, the chief executive officer now directly owns 41,000 shares of the company’s stock, valued at approximately $1,445,250. The disclosure for this sale can be found here. 71.00% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in Universal Logistics by 75.6% during the 2nd quarter. BlackRock Inc. now owns 1,019,888 shares of the transportation company’s stock worth $26,770,000 after acquiring an additional 439,058 shares during the period. Dimensional Fund Advisors LP grew its holdings in Universal Logistics by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 531,576 shares of the transportation company’s stock worth $13,954,000 after acquiring an additional 38,095 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Universal Logistics by 59.0% in the 2nd quarter. Renaissance Technologies LLC now owns 233,550 shares of the transportation company’s stock valued at $6,131,000 after buying an additional 86,650 shares during the period. Boston Partners grew its holdings in shares of Universal Logistics by 14.0% in the 2nd quarter. Boston Partners now owns 208,400 shares of the transportation company’s stock valued at $5,471,000 after buying an additional 25,645 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in shares of Universal Logistics by 24.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 171,600 shares of the transportation company’s stock valued at $4,505,000 after buying an additional 33,745 shares during the period. 26.58% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:ULH opened at $33.20 on Wednesday. Universal Logistics has a 1 year low of $20.38 and a 1 year high of $37.67. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $1.04 billion, a PE ratio of 45.48 and a beta of 1.45.

Universal Logistics (NASDAQ:ULH) last posted its earnings results on Thursday, July 26th. The transportation company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.24. Universal Logistics had a net margin of 3.70% and a return on equity of 24.39%. The company had revenue of $365.93 million during the quarter, compared to analysts’ expectations of $316.60 million. As a group, sell-side analysts anticipate that Universal Logistics will post 1.88 EPS for the current year.

Universal Logistics Company Profile

Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. It offers transportation services including dry van, flatbed, heavy haul, and refrigerated services; domestic and international freight forwarding and customs brokerage services; and final mile and ground expedite services.

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