Universal Logistics (NASDAQ:ULH) Given New $44.00 Price Target at Stifel Nicolaus

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

Universal Logistics Trading Up 2.8 %

Shares of ULH opened at $45.24 on Thursday. Universal Logistics has a 1-year low of $28.00 and a 1-year high of $53.29. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 9.08 and a beta of 0.92. The firm’s 50-day moving average price is $46.84 and its 200-day moving average price is $44.08. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.75.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ULH. SG Americas Securities LLC purchased a new stake in Universal Logistics in the third quarter worth $143,000. PDT Partners LLC bought a new stake in shares of Universal Logistics during the 3rd quarter valued at $301,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Universal Logistics in the 3rd quarter worth about $358,000. Jane Street Group LLC increased its stake in shares of Universal Logistics by 23.8% in the 3rd quarter. Jane Street Group LLC now owns 9,276 shares of the transportation company’s stock worth $400,000 after acquiring an additional 1,783 shares in the last quarter. Finally, Barclays PLC lifted its position in Universal Logistics by 339.7% during the 3rd quarter. Barclays PLC now owns 10,952 shares of the transportation company’s stock valued at $473,000 after acquiring an additional 8,461 shares during the period. Institutional investors own 25.50% of the company’s stock.

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.