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

Universal Logistics (NASDAQ:ULH) had its target price increased by Stifel Nicolaus from $42.00 to $44.00 in a research report report published on Thursday morning,Benzinga reports. The firm currently has a hold rating on the transportation company’s stock.

Universal Logistics Price Performance

Shares of NASDAQ ULH opened at $45.24 on Thursday. The firm has a market cap of $1.19 billion, a P/E ratio of 9.08 and a beta of 0.92. Universal Logistics has a twelve month low of $28.00 and a twelve month high of $53.29. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.75. The company has a 50 day moving average of $46.84 and a 200 day moving average of $44.08.

Institutional Investors Weigh In On Universal Logistics

Several institutional investors have recently modified their holdings of ULH. FMR LLC lifted its stake in Universal Logistics by 4.1% during the 3rd quarter. FMR LLC now owns 2,537,859 shares of the transportation company’s stock valued at $109,407,000 after acquiring an additional 100,563 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Universal Logistics by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 827,669 shares of the transportation company’s stock worth $33,594,000 after buying an additional 14,720 shares during the last quarter. Geode Capital Management LLC grew its holdings in Universal Logistics by 2.3% during the third quarter. Geode Capital Management LLC now owns 183,374 shares of the transportation company’s stock valued at $7,907,000 after purchasing an additional 4,130 shares during the period. State Street Corp boosted its stake in shares of Universal Logistics by 0.6% in the third 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 period. Finally, Empowered Funds LLC grew its stake in shares of Universal Logistics by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 98,155 shares of the transportation company’s stock worth $4,231,000 after buying an additional 4,958 shares in the last quarter. 25.50% of the stock is owned by hedge funds and other institutional investors.

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.