Universal Logistics Holdings, Inc. (NASDAQ:ULH – Get Free Report)’s share price gapped up before the market opened on Friday following a better than expected earnings announcement. The stock had previously closed at $17.42, but opened at $19.28. Universal Logistics shares last traded at $21.1650, with a volume of 17,414 shares.
The transportation company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.32 by $0.37. Universal Logistics had a positive return on equity of 1.99% and a negative net margin of 3.16%. The firm had revenue of $394.05 million during the quarter, compared to the consensus estimate of $390.00 million.
Universal Logistics Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 6th. Investors of record on Tuesday, December 1st will be given a $0.1050 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, December 1st. Universal Logistics’s dividend payout ratio is presently -22.83%.
Analysts Set New Price Targets
A number of research firms have issued reports on ULH. Zacks Research raised shares of Universal Logistics from a “strong sell” rating to a “hold” rating in a report on Monday, September 14th. Wall Street Zen raised Universal Logistics from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Stifel Nicolaus lowered their target price on Universal Logistics from $17.00 to $15.00 and set a “hold” rating on the stock in a research note on Wednesday, July 15th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Universal Logistics in a report on Monday, September 21st. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $15.00.
Check Out Our Latest Stock Analysis on ULH
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Universal Logistics in the second quarter worth about $8,082,000. Bank of New York Mellon Corp bought a new position in shares of Universal Logistics in the second quarter valued at approximately $2,770,000. Empowered Funds LLC purchased a new position in Universal Logistics during the second quarter valued at approximately $1,423,000. Quantinno Capital Management LP increased its holdings in Universal Logistics by 118.9% during the 1st quarter. Quantinno Capital Management LP now owns 37,766 shares of the transportation company’s stock worth $798,000 after acquiring an additional 20,511 shares during the period. Finally, Deutsche Bank AG purchased a new stake in Universal Logistics in the 2nd quarter worth approximately $75,000. Hedge funds and other institutional investors own 25.50% of the company’s stock.
Universal Logistics Stock Up 25.9%
The company’s 50 day simple moving average is $17.72 and its 200-day simple moving average is $17.35. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market capitalization of $578.36 million, a PE ratio of -11.91 and a beta of 0.74.
Universal Logistics Company Profile
Universal Logistics Holdings, Inc provides transportation and logistics services throughout the United States, Canada and Mexico. The company serves automotive, industrial, retail and other commercial customers with customized supply-chain solutions designed to move freight and support manufacturing and distribution operations.
Its services include contract logistics, dedicated transportation, truckload and intermodal transportation, freight brokerage, drayage, and value-added services.
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