Universal Logistics (NASDAQ:ULH) Reaches New 1-Year Low - Should You Sell?

Key Points

• Universal Logistics Holdings, Inc. shares hit a new 52-week low at $20.60, closing at $21.04 with a trading volume of 25,246 shares.
• Analysts predominantly rate the stock as a "Hold," with an average target price of $29.00, while recent earnings reported a miss against consensus estimates.
• The company declared a quarterly dividend of $0.105, resulting in an annualized dividend yield of 1.9%, with a payout ratio of 18.03%.

Universal Logistics Holdings, Inc. (NASDAQ:ULH - Get Free Report) shares reached a new 52-week low on Monday . The stock traded as low as $20.60 and last traded at $21.04, with a volume of 25246 shares changing hands. The stock had previously closed at $21.43.

Wall Street Analyst Weigh In

A number of brokerages have commented on ULH. Weiss Ratings reissued a "hold (c-)" rating on shares of Universal Logistics in a research note on Saturday, September 27th. Wall Street Zen raised shares of Universal Logistics from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. Finally, Zacks Research upgraded shares of Universal Logistics from a "strong sell" rating to a "hold" rating in a report on Friday, September 26th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $29.00.

Universal Logistics Stock Up 1.3%

The stock's fifty day moving average is $24.31 and its two-hundred day moving average is $25.04. The company has a market capitalization of $571.36 million, a PE ratio of 9.31 and a beta of 0.93. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.07.

Universal Logistics (NASDAQ:ULH - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The transportation company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). Universal Logistics had a net margin of 3.66% and a return on equity of 9.47%. The firm had revenue of $393.79 million during the quarter, compared to analysts' expectations of $398.50 million. As a group, analysts predict that Universal Logistics Holdings, Inc. will post 2.81 EPS for the current year.

Universal Logistics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 1st were given a $0.105 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.42 annualized dividend and a dividend yield of 1.9%. Universal Logistics's payout ratio is 18.03%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE lifted its position in shares of Universal Logistics by 6.1% during the fourth quarter. Bank of America Corp DE now owns 13,090 shares of the transportation company's stock worth $601,000 after acquiring an additional 747 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Universal Logistics by 17.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,779 shares of the transportation company's stock worth $633,000 after purchasing an additional 2,011 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Universal Logistics by 15,197.9% during the 1st quarter. GAMMA Investing LLC now owns 7,190 shares of the transportation company's stock worth $189,000 after purchasing an additional 7,143 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in Universal Logistics in the 1st quarter worth about $248,000. Finally, New York State Common Retirement Fund grew its holdings in Universal Logistics by 8.0% during the 1st quarter. New York State Common Retirement Fund now owns 33,657 shares of the transportation company's stock valued at $883,000 after buying an additional 2,500 shares in the last quarter. 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.

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