Universal Logistics (NASDAQ:ULH) Shares Gap Down - Time to Sell?

Universal Logistics Holdings, Inc. (NASDAQ:ULH - Get Free Report) gapped down prior to trading 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 trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Universal Logistics from a "buy" rating to a "hold" rating in a research report on Monday, August 12th.

Universal Logistics Stock Down 10.9 %

The business has a 50-day moving average price of $42.49 and a 200-day moving average price of $41.62. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 8.43 and a beta of 0.83.

Universal Logistics (NASDAQ:ULH - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The transportation company reported $1.17 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.03. The firm had revenue of $462.16 million during the quarter, compared to analyst estimates of $461.60 million. Universal Logistics had a net margin of 7.23% and a return on equity of 22.84%. During the same period in the previous year, the business earned $0.90 EPS. As a group, equities analysts anticipate that Universal Logistics Holdings, Inc. will post 5.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Universal Logistics

Several large investors have recently added to or reduced their stakes in ULH. Anchor Capital Advisors LLC purchased a new stake in shares of Universal Logistics during the first quarter worth $957,000. American Century Companies Inc. boosted its position in shares of Universal Logistics by 27.1% during the 2nd quarter. American Century Companies Inc. now owns 170,640 shares of the transportation company's stock worth $6,926,000 after acquiring an additional 36,377 shares in the last quarter. Denali Advisors LLC increased its position in Universal Logistics by 33.6% during the second quarter. Denali Advisors LLC now owns 83,831 shares of the transportation company's stock worth $3,403,000 after buying an additional 21,100 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Universal Logistics by 339.1% during the second quarter. Victory Capital Management Inc. now owns 36,921 shares of the transportation company's stock worth $1,499,000 after acquiring an additional 28,513 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Universal Logistics during the 2nd quarter valued at $970,000. 25.50% of the stock is owned by institutional investors and hedge funds.

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.