Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH – Get Free Report) traded up 39.1% on Monday. The company traded as high as $23.47 and last traded at $24.2390. 8,652 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 59,769 shares. The stock had previously closed at $17.42.
Analysts Set New Price Targets
Several analysts recently weighed in on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Universal Logistics in a research report on Monday, September 21st. Wall Street Zen upgraded shares of Universal Logistics from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Stifel Nicolaus dropped their price target on shares of 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, Zacks Research raised Universal Logistics from a “strong sell” rating to a “hold” rating in a report on Monday, September 14th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $15.00.
Get Our Latest Stock Report on Universal Logistics
Universal Logistics Stock Up 12.1%
The company has a market cap of $843.84 million, a price-to-earnings ratio of 33.19 and a beta of 0.69. The stock has a 50-day simple moving average of $18.24 and a 200-day simple moving average of $17.51. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.06.
Universal Logistics (NASDAQ:ULH – Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The transportation company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.37. Universal Logistics had a return on equity of 4.11% and a net margin of 2.92%. The company had revenue of $394.05 million for the quarter, compared to analyst estimates of $390.00 million. As a group, analysts predict that Universal Logistics Holdings, Inc. will post 0.50 EPS for the current year.
Universal Logistics Announces Dividend
The business also recently announced 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 1.3%. The ex-dividend date is Tuesday, December 1st. Universal Logistics’s dividend payout ratio is currently 24.85%.
Hedge Funds Weigh In On Universal Logistics
Several large investors have recently bought and sold shares of the stock. Empowered Funds LLC bought a new stake in Universal Logistics during the second quarter worth approximately $1,423,000. BlackRock Inc. bought a new position in Universal Logistics during the 2nd quarter valued at $8,082,000. Deutsche Bank AG acquired a new position in shares of Universal Logistics during the 2nd quarter valued at $75,000. Bank of New York Mellon Corp bought a new stake in shares of Universal Logistics in the 2nd quarter worth $2,770,000. Finally, Quantinno Capital Management LP raised its stake in shares of Universal Logistics by 118.9% in the 1st quarter. Quantinno Capital Management LP now owns 37,766 shares of the transportation company’s stock worth $798,000 after buying an additional 20,511 shares in the last quarter. Institutional investors and hedge funds own 25.50% of the company’s stock.
About Universal Logistics
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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