BlackRock Inc. purchased a new position in Universal Logistics Holdings, Inc. (NASDAQ:ULH - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 546,072 shares of the transportation company's stock, valued at approximately $8,082,000. BlackRock Inc. owned 2.07% of Universal Logistics as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets raised its position in Universal Logistics by 102.3% in the third quarter. BNP Paribas Financial Markets now owns 1,428 shares of the transportation company's stock worth $33,000 after purchasing an additional 722 shares in the last quarter. Archer Investment Corp acquired a new stake in Universal Logistics in the 1st quarter valued at about $48,000. Tower Research Capital LLC TRC raised its position in Universal Logistics by 403.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,130 shares of the transportation company's stock worth $54,000 after purchasing an additional 1,707 shares during the last quarter. Deutsche Bank AG bought a new stake in Universal Logistics during the 2nd quarter worth about $75,000. Finally, Wells Fargo & Company MN boosted its stake in Universal Logistics by 46.2% in the fourth quarter. Wells Fargo & Company MN now owns 7,579 shares of the transportation company's stock valued at $115,000 after acquiring an additional 2,396 shares during the last quarter. Institutional investors and hedge funds own 25.50% of the company's stock.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the stock. Weiss Ratings restated a "sell (d)" rating on shares of Universal Logistics in a report on Wednesday, June 24th. Zacks Research cut shares of Universal Logistics from a "hold" rating to a "strong sell" rating in a report on Wednesday, July 15th. Stifel Nicolaus decreased their price target on Universal Logistics from $17.00 to $15.00 and set a "hold" rating for the company in a research note on Wednesday, July 15th. Finally, Wall Street Zen raised shares of Universal Logistics from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Sell" and a consensus target price of $15.00.
Check Out Our Latest Analysis on ULH
Universal Logistics Price Performance
ULH opened at $19.01 on Friday. The firm has a 50-day moving average price of $16.85 and a 200-day moving average price of $17.34. The company has a market capitalization of $501.26 million, a price-to-earnings ratio of -10.33 and a beta of 0.75. Universal Logistics Holdings, Inc. has a twelve month low of $11.73 and a twelve month high of $26.18. 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 posted its quarterly earnings results on Friday, July 31st. The transportation company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. The business had revenue of $379.32 million during the quarter, compared to analyst estimates of $380.40 million. Universal Logistics had a negative net margin of 3.16% and a positive return on equity of 1.99%. Equities analysts expect that Universal Logistics Holdings, Inc. will post 0.5 EPS for the current year.
Universal Logistics Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 1st. Universal Logistics's dividend payout ratio (DPR) is presently -22.83%.
Universal Logistics Profile
(
Free Report)
Universal Logistics Holdings, Inc is a diversified, asset-light third-party logistics provider offering transportation and supply chain solutions across North America and around the globe. Its service portfolio encompasses truckload, less-than-truckload, intermodal, and specialized freight services, supported by dedicated brokerage, warehousing, and distribution management capabilities.
Originally incorporated as Universal Truckload Services, Inc, the company has evolved beyond its core truckload heritage to a one-stop logistics platform.
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