Universal Logistics (NASDAQ:ULH) Shares Down 3.3% - Should You Sell?

Universal Logistics Holdings, Inc. (NASDAQ:ULH - Get Free Report)'s share price fell 3.3% during trading on Monday . The stock traded as low as $24.63 and last traded at $24.67. 1,239 shares changed hands during trading, a decline of 97% from the average session volume of 48,241 shares. The stock had previously closed at $25.51.

Analysts Set New Price Targets

Separately, Stifel Nicolaus lifted their price target on Universal Logistics from $42.00 to $44.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd.

Universal Logistics Stock Down 7.8 %

The company's 50-day simple moving average is $26.53 and its 200 day simple moving average is $38.37. The firm has a market cap of $618.84 million, a P/E ratio of 4.76 and a beta of 0.92. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.36 and a quick ratio of 1.36.

Universal Logistics (NASDAQ:ULH - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The transportation company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.25). Universal Logistics had a return on equity of 21.37% and a net margin of 7.04%. The business had revenue of $382.39 million during the quarter, compared to the consensus estimate of $400.60 million. Research analysts anticipate that Universal Logistics Holdings, Inc. will post 2.81 EPS for the current fiscal year.

Universal Logistics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be issued a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.79%. The ex-dividend date is Monday, June 2nd. Universal Logistics's payout ratio is 13.21%.

Hedge Funds Weigh In On Universal Logistics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ULH. JPMorgan Chase & Co. grew its stake in shares of Universal Logistics by 126.3% in the third quarter. JPMorgan Chase & Co. now owns 17,854 shares of the transportation company's stock valued at $770,000 after buying an additional 9,966 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Universal Logistics during the 4th quarter worth approximately $753,000. Barclays PLC grew its stake in Universal Logistics by 339.7% during the 3rd quarter. Barclays PLC now owns 10,952 shares of the transportation company's stock worth $473,000 after buying an additional 8,461 shares during the last quarter. State Street Corp grew its stake in shares of Universal Logistics by 0.6% in the 3rd quarter. State Street Corp now owns 147,251 shares of the transportation company's stock valued at $6,363,000 after purchasing an additional 911 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position in Universal Logistics by 7.3% during the 4th quarter. New York State Common Retirement Fund now owns 31,157 shares of the transportation company's stock worth $1,431,000 after buying an additional 2,109 shares during the last quarter. Institutional investors and hedge funds own 25.50% of the company's stock.

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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