Universal Logistics Holdings, Inc. (NASDAQ:ULH - Get Free Report) shares fell 3.3% during mid-day trading on Monday . The stock traded as low as $24.63 and last traded at $24.67. 1,239 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 48,241 shares. The stock had previously closed at $25.51.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on ULH. StockNews.com cut Universal Logistics from a "hold" rating to a "sell" rating in a report on Monday, April 28th. Stifel Nicolaus lowered their price objective on shares of Universal Logistics from $37.00 to $29.00 and set a "hold" rating for the company in a research report on Tuesday.
Get Our Latest Stock Analysis on Universal Logistics
Universal Logistics Price Performance
The stock has a market capitalization of $616.08 million, a P/E ratio of 4.74 and a beta of 1.00. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a 50-day simple moving average of $25.97 and a 200 day simple moving average of $37.69.
Universal Logistics (NASDAQ:ULH - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The transportation company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.25). Universal Logistics had a return on equity of 21.37% and a net margin of 7.04%. The firm had revenue of $382.39 million for the quarter, compared to the consensus estimate of $400.60 million. On average, equities analysts forecast that Universal Logistics Holdings, Inc. will post 2.81 earnings per share for the current fiscal year.
Universal Logistics Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Monday, June 2nd. Universal Logistics's dividend payout ratio (DPR) is currently 13.21%.
Hedge Funds Weigh In On Universal Logistics
Institutional investors and hedge funds have recently modified their holdings of the business. KLP Kapitalforvaltning AS bought a new stake in shares of Universal Logistics in the fourth quarter worth $64,000. Wells Fargo & Company MN lifted its position in Universal Logistics by 31.0% during the 4th quarter. Wells Fargo & Company MN now owns 3,708 shares of the transportation company's stock worth $170,000 after buying an additional 877 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Universal Logistics by 15.6% during the 4th quarter. SG Americas Securities LLC now owns 3,831 shares of the transportation company's stock worth $176,000 after buying an additional 516 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Universal Logistics in the 4th quarter valued at about $218,000. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of Universal Logistics in the fourth quarter valued at about $293,000. 25.50% of the stock is currently owned by institutional investors and hedge funds.
About Universal Logistics
(
Get Free Report)
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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