Universal Logistics (NASDAQ:ULH) Reaches New 12-Month Low - Time to Sell?

Key Points

• Universal Logistics Holdings, Inc. reached a new 52-week low of $18.40 during trading, closing at $19.19, raising concerns among investors about whether it is time to sell.
• Wall Street analysts have varied opinions, with Wall Street Zen downgrading the stock to a "sell" rating while Zacks Research upgraded it to "hold," indicating mixed sentiment among experts.
• The company's recent earnings report showed missed expectations with $0.32 earnings per share, below the consensus estimate of $0.34, and revenue of $393.79 million compared to an expected $398.50 million.

Universal Logistics Holdings, Inc. (NASDAQ:ULH - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $18.40 and last traded at $19.19, with a volume of 7811 shares trading hands. The stock had previously closed at $19.00.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ULH. Wall Street Zen cut shares of Universal Logistics from a "hold" rating to a "sell" rating in a report on Saturday. Zacks Research upgraded shares of Universal Logistics from a "strong sell" rating to a "hold" rating in a report on Friday, September 26th. Stifel Nicolaus cut their price target on shares of Universal Logistics from $28.00 to $24.00 and set a "hold" rating on the stock in a report on Friday. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Universal Logistics in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $24.00.

Universal Logistics Trading Up 1.3%

The company has a market cap of $506.98 million, a P/E ratio of 8.25 and a beta of 0.93. The stock's 50-day moving average is $23.98 and its two-hundred day moving average is $24.79. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.28 and a quick ratio of 1.28.

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

Universal Logistics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 1st were given a $0.105 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.42 annualized dividend and a yield of 2.2%. Universal Logistics's dividend payout ratio (DPR) is presently 18.03%.

Institutional Trading of Universal Logistics

Several institutional investors and hedge funds have recently modified their holdings of the company. American Century Companies Inc. raised its position in shares of Universal Logistics by 5.6% during the 2nd quarter. American Century Companies Inc. now owns 262,597 shares of the transportation company's stock valued at $6,665,000 after purchasing an additional 13,860 shares during the period. Bridgeway Capital Management LLC raised its position in shares of Universal Logistics by 1.4% during the 1st quarter. Bridgeway Capital Management LLC now owns 217,277 shares of the transportation company's stock valued at $5,701,000 after purchasing an additional 2,956 shares during the period. Geode Capital Management LLC raised its position in shares of Universal Logistics by 4.3% during the 2nd quarter. Geode Capital Management LLC now owns 193,413 shares of the transportation company's stock valued at $4,910,000 after purchasing an additional 8,039 shares during the period. First Trust Advisors LP raised its position in shares of Universal Logistics by 44.2% during the 2nd quarter. First Trust Advisors LP now owns 129,253 shares of the transportation company's stock valued at $3,280,000 after purchasing an additional 39,633 shares during the period. Finally, Empowered Funds LLC raised its position in shares of Universal Logistics by 5.0% during the 1st quarter. Empowered Funds LLC now owns 108,268 shares of the transportation company's stock valued at $2,841,000 after purchasing an additional 5,136 shares during the period. 25.50% of the stock is currently 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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