Zacks Research upgraded shares of Universal Logistics (NASDAQ:ULH – Free Report) from a hold rating to a strong-buy rating in a research report released on Wednesday,Zacks reports.
Several other equities research analysts have also recently weighed in on the company. Wall Street Zen raised Universal Logistics from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Universal Logistics in a research report on Monday, September 21st. Finally, 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 research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $15.00.
Get Our Latest Analysis on ULH
Universal Logistics Price Performance
Shares of NASDAQ:ULH opened at $29.47 on Wednesday. The business has a 50 day moving average price of $18.71 and a 200 day moving average price of $17.64. Universal Logistics has a twelve month low of $11.73 and a twelve month high of $33.87. The company has a market cap of $777.12 million, a price-to-earnings ratio of 17.44 and a beta of 0.69. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.06.
Universal Logistics (NASDAQ:ULH – Get Free Report) last released its earnings results on Thursday, October 29th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.37. The firm had revenue of $394.05 million for the quarter, compared to analyst estimates of $390.00 million. Universal Logistics had a return on equity of 4.11% and a net margin of 2.92%. Research analysts predict that Universal Logistics will post 1.06 earnings per share for the current year.
Universal Logistics Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 6th. Shareholders of record on Tuesday, December 1st will be issued a $0.1050 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.42 annualized dividend and a yield of 1.4%. Universal Logistics’s dividend payout ratio is 24.85%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Archer Investment Corp acquired a new stake in Universal Logistics during the first quarter worth $48,000. Deutsche Bank AG bought a new stake in Universal Logistics in the 2nd quarter valued at $75,000. Quantinno Capital Management LP increased its holdings in Universal Logistics by 118.9% in the 1st quarter. Quantinno Capital Management LP now owns 37,766 shares of the transportation company’s stock valued at $798,000 after buying an additional 20,511 shares during the period. Empowered Funds LLC acquired a new position in shares of Universal Logistics in the 2nd quarter valued at $1,423,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Universal Logistics in the 2nd quarter valued at $2,770,000. 25.50% of the stock is currently owned by institutional investors and hedge funds.
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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