A number of other research firms have also weighed in on ULH. Stifel Nicolaus raised shares of Universal Logistics from a hold rating to a buy rating and lowered their price target for the company from $31.00 to $30.00 in a report on Friday, August 2nd. BidaskClub raised shares of Universal Logistics from a sell rating to a hold rating in a report on Saturday, August 31st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $27.67.
ULH stock traded up $0.85 on Tuesday, hitting $24.15. 35,909 shares of the company were exchanged, compared to its average volume of 105,899. Universal Logistics has a twelve month low of $17.40 and a twelve month high of $35.86. The business’s fifty day moving average is $22.45 and its two-hundred day moving average is $21.46. The stock has a market capitalization of $653.68 million, a price-to-earnings ratio of 9.64 and a beta of 2.11. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.06 and a quick ratio of 1.06.
Universal Logistics (NASDAQ:ULH) last released its quarterly earnings data on Thursday, July 25th. The transportation company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.06). Universal Logistics had a return on equity of 31.13% and a net margin of 4.03%. The business had revenue of $383.18 million during the quarter. Equities research analysts expect that Universal Logistics will post 2.55 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 2nd were paid a dividend of $0.105 per share. The ex-dividend date was Thursday, August 29th. This represents a $0.42 dividend on an annualized basis and a yield of 1.74%. Universal Logistics’s dividend payout ratio (DPR) is 20.19%.
Several institutional investors have recently bought and sold shares of ULH. LSV Asset Management lifted its position in shares of Universal Logistics by 153.3% in the 1st quarter. LSV Asset Management now owns 237,042 shares of the transportation company’s stock worth $4,664,000 after buying an additional 143,460 shares during the last quarter. BlackRock Inc. lifted its position in shares of Universal Logistics by 13.5% in the 2nd quarter. BlackRock Inc. now owns 1,201,456 shares of the transportation company’s stock worth $26,997,000 after buying an additional 143,315 shares during the last quarter. Dalton Greiner Hartman Maher & Co. bought a new position in shares of Universal Logistics in the 3rd quarter worth about $2,130,000. Citadel Advisors LLC lifted its position in Universal Logistics by 610.6% in the 2nd quarter. Citadel Advisors LLC now owns 84,266 shares of the transportation company’s stock valued at $1,894,000 after purchasing an additional 72,408 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in Universal Logistics by 282.5% in the 2nd quarter. Marshall Wace LLP now owns 91,249 shares of the transportation company’s stock valued at $2,050,000 after purchasing an additional 67,391 shares during the last quarter. Institutional investors own 27.78% of the company’s stock.
About Universal Logistics
Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. It offers transportation services including dry van, flatbed, heavy haul, and refrigerated services; domestic and international freight forwarding and customs brokerage services; and final mile and ground expedite services.
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