Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH - Get Free Report) saw unusually-high trading volume on Monday . Approximately 76,621 shares changed hands during mid-day trading, an increase of 59% from the previous session's volume of 48,322 shares.The stock last traded at $24.67 and had previously closed at $24.60.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the stock. Stifel Nicolaus decreased their target price on shares of Universal Logistics from $37.00 to $29.00 and set a "hold" rating on the stock in a research note on Tuesday, April 29th. Wall Street Zen upgraded Universal Logistics from a "sell" rating to a "hold" rating in a research report on Monday, May 12th.
Get Our Latest Stock Analysis on ULH
Universal Logistics Stock Performance
The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.00. The business has a 50 day moving average price of $24.57 and a 200 day moving average price of $31.98. The stock has a market cap of $656.28 million, a P/E ratio of 7.84 and a beta of 1.01.
Universal Logistics (NASDAQ:ULH - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The transportation company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.25). The company had revenue of $382.39 million during the quarter, compared to analysts' expectations of $400.60 million. Universal Logistics had a net margin of 4.81% and a return on equity of 13.18%. As a group, sell-side analysts expect that Universal Logistics Holdings, Inc. will post 2.81 EPS for the current year.
Universal Logistics Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be given a dividend of $0.105 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.42 annualized dividend and a yield of 1.69%. Universal Logistics's dividend payout ratio (DPR) is presently 13.21%.
Institutional Investors Weigh In On Universal Logistics
Hedge funds and other institutional investors have recently bought and sold shares of the company. Strs Ohio acquired a new stake in shares of Universal Logistics during the first quarter worth about $315,000. Empowered Funds LLC lifted its position in Universal Logistics by 5.0% during the first 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. Bridgeway Capital Management LLC lifted its position in Universal Logistics by 1.4% during the first 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. AQR Capital Management LLC purchased a new stake in Universal Logistics in the first quarter valued at $789,000. Finally, American Century Companies Inc. grew its position in Universal Logistics by 7.4% during the 1st quarter. American Century Companies Inc. now owns 248,737 shares of the transportation company's stock worth $6,527,000 after purchasing an additional 17,120 shares during the period. Hedge funds and other institutional investors own 25.50% of the company's stock.
Universal Logistics Company Profile
(
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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.
Further Reading
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