Stifel Nicolaus Forecasts Strong Price Appreciation for Universal Logistics (NASDAQ:ULH) Stock

Universal Logistics (NASDAQ:ULH) had its price objective boosted by investment analysts at Stifel Nicolaus from $42.00 to $44.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price objective would suggest a potential downside of 3.06% from the stock’s previous close.

Universal Logistics Stock Up 0.3 %

Shares of NASDAQ ULH opened at $45.39 on Thursday. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 9.11 and a beta of 0.92. Universal Logistics has a 12-month low of $28.00 and a 12-month high of $53.29. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.75. The firm’s 50-day moving average price is $46.70 and its 200-day moving average price is $44.14.

Hedge Funds Weigh In On Universal Logistics

A number of institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC lifted its position in Universal Logistics by 15.6% in the fourth quarter. SG Americas Securities LLC now owns 3,831 shares of the transportation company’s stock worth $176,000 after buying an additional 516 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Universal Logistics by 1.7% in the third quarter. Victory Capital Management Inc. now owns 37,564 shares of the transportation company’s stock valued at $1,619,000 after acquiring an additional 643 shares during the period. State Street Corp lifted its holdings in shares of Universal Logistics by 0.6% in the 3rd quarter. State Street Corp now owns 147,251 shares of the transportation company’s stock worth $6,363,000 after acquiring an additional 911 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Universal Logistics by 23.8% during the 3rd quarter. Jane Street Group LLC now owns 9,276 shares of the transportation company’s stock worth $400,000 after purchasing an additional 1,783 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Universal Logistics by 3.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,124 shares of the transportation company’s stock valued at $2,463,000 after purchasing an additional 1,864 shares during the last quarter. Hedge funds and other institutional investors own 25.50% of the company’s stock.

About Universal Logistics

Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. The company offers truckload services, which include dry van, flatbed, heavy-haul, and refrigerated operations; domestic and international freight forwarding, and customs brokerage services.