Universal Logistics Holdings, Inc. to Issue Quarterly Dividend of $0.11 (NASDAQ:ULH)

Universal Logistics Holdings, Inc. (NASDAQ:ULH - Get Free Report) declared a quarterly dividend on Thursday, July 24th, RTT News reports. Stockholders of record on Monday, September 1st will be paid a dividend of 0.105 per share by the transportation company on Wednesday, October 1st. This represents a $0.42 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, August 29th.

Universal Logistics has a dividend payout ratio of 13.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Universal Logistics to earn $3.95 per share next year, which means the company should continue to be able to cover its $0.42 annual dividend with an expected future payout ratio of 10.6%.

Universal Logistics Trading Down 10.4%

Shares of ULH stock traded down $3.13 on Monday, reaching $26.98. The company had a trading volume of 55,795 shares, compared to its average volume of 60,085. The company has a 50-day moving average of $25.56 and a 200-day moving average of $28.45. The stock has a market cap of $710.38 million, a PE ratio of 11.58 and a beta of 1.00. Universal Logistics has a 12 month low of $20.60 and a 12 month high of $53.29. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.00.

Universal Logistics (NASDAQ:ULH - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The transportation company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). The business had revenue of $393.79 million during the quarter, compared to analyst estimates of $398.50 million. Universal Logistics had a net margin of 3.66% and a return on equity of 9.52%. On average, equities analysts forecast that Universal Logistics will post 2.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ULH shares. Stifel Nicolaus cut their price objective on shares of Universal Logistics from $37.00 to $29.00 and set a "hold" rating on the stock in a research report on Tuesday, April 29th. Wall Street Zen raised shares of Universal Logistics from a "sell" rating to a "hold" rating in a research report on Monday, May 12th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Universal Logistics stock. Empowered Funds LLC boosted its position in Universal Logistics Holdings, Inc. (NASDAQ:ULH - Free Report) by 5.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 108,268 shares of the transportation company's stock after purchasing an additional 5,136 shares during the period. Empowered Funds LLC owned about 0.41% of Universal Logistics worth $2,841,000 as of its most recent filing with the SEC. 25.50% of the stock is owned by 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.