Universal Logistics (ULH) Upgraded to “Hold” at BidaskClub

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BidaskClub upgraded shares of Universal Logistics (NASDAQ:ULH) from a sell rating to a hold rating in a research report report published on Wednesday morning.

ULH has been the topic of several other reports. ValuEngine raised Universal Logistics from a sell rating to a hold rating in a research note on Wednesday, January 30th. Loop Capital reduced their price target on Universal Logistics to $31.00 and set a hold rating on the stock in a research note on Monday, October 29th. Finally, Citigroup reduced their price target on Universal Logistics to $22.00 and set a neutral rating on the stock in a research note on Tuesday, January 15th. Five investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Universal Logistics has an average rating of Hold and an average price target of $32.25.

ULH opened at $23.56 on Wednesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.02. Universal Logistics has a 52-week low of $17.40 and a 52-week high of $37.67. The company has a market cap of $662.72 million, a PE ratio of 32.27 and a beta of 1.80.

Several large investors have recently made changes to their positions in ULH. Boston Partners lifted its holdings in shares of Universal Logistics by 416.5% during the fourth quarter. Boston Partners now owns 263,400 shares of the transportation company’s stock valued at $4,765,000 after purchasing an additional 212,400 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Universal Logistics by 404.8% during the third quarter. Morgan Stanley now owns 204,964 shares of the transportation company’s stock valued at $7,543,000 after purchasing an additional 164,361 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Universal Logistics by 14.6% during the third quarter. BlackRock Inc. now owns 1,168,350 shares of the transportation company’s stock valued at $42,995,000 after purchasing an additional 148,462 shares in the last quarter. Federated Investors Inc. PA lifted its holdings in shares of Universal Logistics by 58,096.5% during the third quarter. Federated Investors Inc. PA now owns 133,852 shares of the transportation company’s stock valued at $4,926,000 after purchasing an additional 133,622 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Universal Logistics by 48.4% during the third quarter. Renaissance Technologies LLC now owns 346,480 shares of the transportation company’s stock valued at $12,750,000 after purchasing an additional 112,930 shares in the last quarter. 28.61% of the stock is currently owned by hedge funds and other institutional investors.

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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