Universal Logistics (NASDAQ:ULH) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Universal Logistics (NASDAQ:ULH – Free Report) from a buy rating to a strong-buy rating in a research note published on Saturday,Wall Street Zen reports.

Several other research firms have also issued reports on ULH. Stifel Nicolaus dropped their target price on shares of Universal Logistics from $17.00 to $15.00 and set a “hold” rating on the stock in a report on Wednesday, July 15th. Zacks Research upgraded Universal Logistics from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Universal Logistics in a research report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Universal Logistics has an average rating of “Hold” and an average target price of $15.00.

Read Our Latest Analysis on ULH

Universal Logistics Stock Performance

NASDAQ:ULH opened at $27.12 on Friday. The company has a market capitalization of $715.10 million, a PE ratio of 16.05 and a beta of 0.69. The company has a 50 day simple moving average of $18.88 and a two-hundred day simple moving average of $17.69. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.20 and a current ratio of 1.20. Universal Logistics has a fifty-two week low of $11.73 and a fifty-two week high of $33.87.

Universal Logistics (NASDAQ:ULH – Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.37. Universal Logistics had a net margin of 2.92% and a return on equity of 4.11%. The firm had revenue of $394.05 million for the quarter, compared to the consensus estimate of $390.00 million. Research analysts anticipate that Universal Logistics will post 1.06 earnings per share for the current year.

Universal Logistics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 6th. Stockholders of record on Tuesday, December 1st will be paid a $0.1050 dividend. The ex-dividend date is Tuesday, December 1st. This represents a $0.42 annualized dividend and a dividend yield of 1.5%. Universal Logistics’s payout ratio is currently 24.85%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Archer Investment Corp bought a new stake in shares of Universal Logistics in the first quarter worth approximately $48,000. Deutsche Bank AG bought a new position in Universal Logistics during the second quarter valued at approximately $75,000. Quantinno Capital Management LP lifted its position in Universal Logistics by 118.9% during the first quarter. Quantinno Capital Management LP now owns 37,766 shares of the transportation company’s stock valued at $798,000 after purchasing an additional 20,511 shares during the period. Russell Investments Group Ltd. boosted its holdings in Universal Logistics by 992.9% in the third quarter. Russell Investments Group Ltd. now owns 44,206 shares of the transportation company’s stock worth $764,000 after purchasing an additional 40,161 shares during the last quarter. Finally, Empowered Funds LLC purchased a new stake in Universal Logistics in the second quarter worth approximately $1,423,000. 25.50% of the stock is owned by institutional investors.

Universal Logistics Company Profile

(Get Free Report)

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.

Further Reading

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