Universal Logistics (NASDAQ:ULH) Shares Down 4.9% - Should You Sell?

Key Points

• Universal Logistics Holdings, Inc. (NASDAQ: ULH) experienced a 4.9% decline in its share price, closing at $22.02 after trading as low as $22.00.
• Analysts have upgraded the stock's rating from sell to hold, with a consensus price target of $29.00.
• The company disclosed a quarterly dividend of $0.105 per share, representing a yield of 1.9% and a payout ratio of 18.03%.

Universal Logistics Holdings, Inc. (NASDAQ:ULH - Get Free Report)'s share price dropped 4.9% during trading on Thursday . The stock traded as low as $22.00 and last traded at $22.02. Approximately 17,950 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 50,084 shares. The stock had previously closed at $23.16.

Analysts Set New Price Targets

ULH has been the subject of several analyst reports. Zacks Research raised Universal Logistics from a "strong sell" rating to a "hold" rating in a research note on Friday, September 26th. Wall Street Zen raised Universal Logistics from a "sell" rating to a "hold" rating in a report on Friday, August 22nd. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $29.00.

Universal Logistics Price Performance

The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $572.28 million, a PE ratio of 9.33 and a beta of 0.93. The firm has a 50 day moving average price of $24.70 and a 200 day moving average price of $25.16.

Universal Logistics (NASDAQ:ULH - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The transportation company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $398.50 million. Research analysts anticipate that Universal Logistics Holdings, Inc. will post 2.81 earnings per share for the current year.

Universal Logistics Dividend Announcement

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

Institutional Investors Weigh In On Universal Logistics

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its position in Universal Logistics by 403.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,130 shares of the transportation company's stock valued at $54,000 after purchasing an additional 1,707 shares during the period. GAMMA Investing LLC grew its stake 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 valued at $189,000 after acquiring an additional 7,143 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Universal Logistics in the 1st quarter valued at approximately $248,000. Strs Ohio purchased a new stake in shares of Universal Logistics in the 1st quarter valued at approximately $315,000. Finally, Bank of America Corp DE boosted its position in shares of Universal Logistics by 6.1% during the 4th quarter. Bank of America Corp DE now owns 13,090 shares of the transportation company's stock worth $601,000 after purchasing an additional 747 shares during the period. 25.50% of the stock is currently owned by institutional investors and hedge funds.

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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