BidaskClub upgraded shares of Universal Logistics Holdings Inc (NYSE:ULH) from a buy rating to a strong-buy rating in a research report released on Tuesday.
A number of other research analysts also recently issued reports on ULH. Zacks Investment Research upgraded shares of Universal Logistics Holdings from a sell rating to a hold rating in a research report on Friday, August 11th. Stifel Nicolaus upgraded shares of Universal Logistics Holdings from a hold rating to a buy rating and set a $17.00 target price on the stock in a research report on Monday, July 31st.
Shares of Universal Logistics Holdings (ULH) opened at 18.20 on Tuesday. The company has a market cap of $517.64 million and a P/E ratio of 35.00. The stock’s 50 day moving average is $15.14 and its 200 day moving average is $14.25. Universal Logistics Holdings has a 12 month low of $11.09 and a 12 month high of $18.40.
Universal Logistics Holdings (NYSE:ULH) last released its earnings results on Thursday, July 27th. The transportation company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.01. Universal Logistics Holdings had a net margin of 0.90% and a return on equity of 7.26%. The company had revenue of $305.20 million for the quarter, compared to the consensus estimate of $302.10 million. On average, analysts anticipate that Universal Logistics Holdings will post $0.70 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: “Universal Logistics Holdings Inc (ULH) Upgraded to Strong-Buy by BidaskClub” was reported by Stock Observer and is owned by of Stock Observer. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The original version of this piece can be accessed at https://www.thestockobserver.com/2017/09/13/universal-logistics-holdings-inc-ulh-upgraded-to-strong-buy-by-bidaskclub.html.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 7th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $0.28 dividend on an annualized basis and a yield of 1.54%.
Hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its stake in Universal Logistics Holdings by 2.4% during the 1st quarter. Bank of New York Mellon Corp now owns 106,818 shares of the transportation company’s stock valued at $1,533,000 after purchasing an additional 2,495 shares in the last quarter. Deprince Race & Zollo Inc. increased its stake in Universal Logistics Holdings by 458.6% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 496,871 shares of the transportation company’s stock valued at $7,453,000 after purchasing an additional 407,916 shares in the last quarter. FMR LLC increased its stake in Universal Logistics Holdings by 3.1% during the 1st quarter. FMR LLC now owns 2,112,726 shares of the transportation company’s stock valued at $30,318,000 after purchasing an additional 63,307 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in Universal Logistics Holdings during the 1st quarter valued at $225,000. Finally, Dimensional Fund Advisors LP increased its stake in Universal Logistics Holdings by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 400,299 shares of the transportation company’s stock valued at $5,744,000 after purchasing an additional 5,490 shares in the last quarter.
Universal Logistics Holdings Company Profile
Universal Logistics Holdings, Inc, formerly Universal Truckload Services, Inc, is an asset-light provider of customized transportation and logistics solutions across the United States, Mexico, Canada and Colombia. The Company operates through two segments: the transportation segment and the logistics segment.
Receive News & Ratings for Universal Logistics Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Logistics Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.