Universal Logistics (NASDAQ:ULH) Reaches New 12-Month High at $49.00

Universal Logistics Holdings, Inc. (NASDAQ:ULH - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $49.00 and last traded at $48.84, with a volume of 13758 shares changing hands. The stock had previously closed at $48.16.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ULH shares. Stifel Nicolaus reaffirmed a "hold" rating and issued a $46.00 target price (up from $36.00) on shares of Universal Logistics in a report on Monday, April 29th. StockNews.com raised shares of Universal Logistics from a "hold" rating to a "buy" rating in a report on Friday, April 26th.

Universal Logistics Stock Performance

The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.58. The stock's 50 day moving average price is $36.90 and its two-hundred day moving average price is $30.90. The firm has a market capitalization of $1.31 billion, a PE ratio of 10.86 and a beta of 0.97.

Universal Logistics (NASDAQ:ULH - Get Free Report) last issued its quarterly earnings data on Thursday, February 15th. The transportation company reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.10. Universal Logistics had a net margin of 7.02% and a return on equity of 23.60%. The business had revenue of $390.92 million during the quarter, compared to analysts' expectations of $377.30 million. On average, equities analysts expect that Universal Logistics Holdings, Inc. will post 5.35 earnings per share for the current year.

Universal Logistics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be paid a dividend of $0.105 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.84%. Universal Logistics's dividend payout ratio (DPR) is 9.17%.

Institutional Trading of Universal Logistics

Several hedge funds and other institutional investors have recently bought and sold shares of ULH. FMR LLC grew its stake in Universal Logistics by 16.3% in the 3rd quarter. FMR LLC now owns 2,115,321 shares of the transportation company's stock worth $53,264,000 after acquiring an additional 295,701 shares during the period. Scopus Asset Management L.P. boosted its holdings in shares of Universal Logistics by 49.7% in the 3rd quarter. Scopus Asset Management L.P. now owns 135,500 shares of the transportation company's stock valued at $3,412,000 after purchasing an additional 45,000 shares during the last quarter. Anchor Capital Advisors LLC acquired a new position in shares of Universal Logistics in the 1st quarter valued at $957,000. Pacific Ridge Capital Partners LLC acquired a new position in shares of Universal Logistics in the 4th quarter valued at $470,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Universal Logistics by 1.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 799,351 shares of the transportation company's stock valued at $22,400,000 after purchasing an additional 12,826 shares during the last quarter. 25.50% of the stock is owned by hedge funds and other institutional investors.

Universal Logistics Company Profile

Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. The company offers truckload services, which include dry van, flatbed, heavy-haul, and refrigerated operations; domestic and international freight forwarding, and customs brokerage services.