Universal Logistics (NASDAQ:ULH) Shares Gap Down – Here’s Why

Universal Logistics Holdings, Inc. (NASDAQ:ULH)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $43.42, but opened at $37.18. Universal Logistics shares last traded at $38.35, with a volume of 10,253 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Universal Logistics from a “buy” rating to a “hold” rating in a report on Monday, August 12th.

Universal Logistics Price Performance

The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.26 and a current ratio of 1.26. The company has a 50-day moving average price of $42.49 and a 200-day moving average price of $41.62. The firm has a market capitalization of $1.02 billion, a P/E ratio of 9.48 and a beta of 0.83.

Universal Logistics (NASDAQ:ULH) last announced its quarterly earnings results on Thursday, July 25th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.03. Universal Logistics had a net margin of 7.23% and a return on equity of 22.84%. The company had revenue of $462.16 million during the quarter, compared to analyst estimates of $461.60 million. During the same quarter in the previous year, the business earned $0.90 EPS. On average, sell-side analysts predict that Universal Logistics Holdings, Inc. will post 5.25 earnings per share for the current year.

Institutional Investors Weigh In On Universal Logistics

Institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in shares of Universal Logistics in the 3rd quarter valued at about $143,000. AQR Capital Management LLC raised its position in Universal Logistics by 82.5% in the 2nd quarter. AQR Capital Management LLC now owns 14,003 shares of the transportation company’s stock valued at $568,000 after buying an additional 6,332 shares during the last quarter. Denali Advisors LLC raised its position in Universal Logistics by 33.6% in the 2nd quarter. Denali Advisors LLC now owns 83,831 shares of the transportation company’s stock valued at $3,403,000 after buying an additional 21,100 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Universal Logistics in the 2nd quarter valued at approximately $970,000. Finally, Dimensional Fund Advisors LP boosted its position in Universal Logistics by 1.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 827,669 shares of the transportation company’s stock worth $33,594,000 after acquiring an additional 14,720 shares during the last quarter. 25.50% of the stock is owned by institutional investors.

Universal Logistics Company Profile

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.