Toth Financial Advisory Corp purchased a new position in shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,750 shares of the transportation company’s stock, valued at approximately $57,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its holdings in Universal Logistics by 106.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,515 shares of the transportation company’s stock worth $33,000 after buying an additional 1,296 shares during the last quarter. Alliancebernstein L.P. purchased a new stake in Universal Logistics during the 1st quarter worth about $138,000. Man Group plc acquired a new stake in shares of Universal Logistics during the second quarter worth about $216,000. State of Tennessee Treasury Department acquired a new stake in shares of Universal Logistics during the first quarter worth about $186,000. Finally, First Trust Advisors LP increased its position in shares of Universal Logistics by 6.2% during the second quarter. First Trust Advisors LP now owns 15,653 shares of the transportation company’s stock worth $272,000 after purchasing an additional 910 shares in the last quarter. 25.64% of the stock is owned by institutional investors.
Shares of NASDAQ:ULH traded down $0.57 during trading on Friday, hitting $22.52. 42,352 shares of the stock were exchanged, compared to its average volume of 58,752. The company has a fifty day moving average price of $21.56 and a two-hundred day moving average price of $17.17. The company has a market cap of $606.22 million, a PE ratio of 32.17 and a beta of 1.70. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.88. Universal Logistics Holdings, Inc. has a 12-month low of $11.02 and a 12-month high of $25.67.
Universal Logistics (NASDAQ:ULH) last announced its quarterly earnings results on Thursday, July 30th. The transportation company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.06. The business had revenue of $257.98 million for the quarter. Universal Logistics had a return on equity of 19.50% and a net margin of 1.34%. Equities research analysts anticipate that Universal Logistics Holdings, Inc. will post 1.6 earnings per share for the current fiscal year.
ULH has been the topic of a number of research analyst reports. Stifel Nicolaus lifted their target price on Universal Logistics from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Monday, October 12th. ValuEngine upgraded Universal Logistics from a “sell” rating to a “hold” rating in a research report on Wednesday, September 9th. Zacks Investment Research upgraded Universal Logistics from a “hold” rating to a “strong-buy” rating and set a $27.00 price target on the stock in a research report on Wednesday. Citigroup boosted their price target on Universal Logistics from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Finally, BidaskClub upgraded Universal Logistics from a “hold” rating to a “buy” rating in a research report on Wednesday, October 7th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $26.00.
Universal Logistics Profile
Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. It offers truckload services, which include dry van, flatbed, heavy-haul, and refrigerated operations; domestic and international freight forwarding, and customs brokerage services; and final mile and ground expedite services.
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