Universal Logistics (NASDAQ:ULH) Shares Down 7.4% - What's Next?

Universal Logistics Holdings, Inc. (NASDAQ:ULH - Get Free Report) shares traded down 7.4% on Monday . The company traded as low as $26.76 and last traded at $26.65. 21,809 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 47,833 shares. The stock had previously closed at $28.78.

Analyst Ratings Changes

ULH has been the topic of a number of research reports. Stifel Nicolaus cut 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 raised shares of Universal Logistics from a "sell" rating to a "hold" rating in a research note on Monday, May 12th.

Universal Logistics Trading Down 9.6%

The stock has a market capitalization of $684.97 million, a price-to-earnings ratio of 8.18 and a beta of 1.00. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.18 and a current ratio of 1.18. The company's 50 day moving average is $24.63 and its 200 day moving average is $30.50.

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 13.18% and a net margin of 4.81%. The company had revenue of $382.39 million for the quarter, compared to the consensus estimate of $400.60 million. On average, research analysts forecast that Universal Logistics Holdings, Inc. will post 2.81 EPS for the current fiscal year.

Universal Logistics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd were issued a dividend of $0.105 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.42 annualized dividend and a yield of 1.61%. Universal Logistics's dividend payout ratio (DPR) is currently 13.21%.

Institutional Trading of Universal Logistics

Hedge funds and other institutional investors have recently made changes to their positions in the business. KLP Kapitalforvaltning AS bought a new position in Universal Logistics during the fourth quarter worth $64,000. Wells Fargo & Company MN raised its stake in Universal Logistics by 31.0% during the fourth quarter. Wells Fargo & Company MN now owns 3,708 shares of the transportation company's stock worth $170,000 after acquiring an additional 877 shares in the last quarter. GAMMA Investing LLC raised its stake in Universal Logistics by 15,197.9% during the first quarter. GAMMA Investing LLC now owns 7,190 shares of the transportation company's stock worth $189,000 after acquiring an additional 7,143 shares in the last quarter. XTX Topco Ltd bought a new position in Universal Logistics in the 4th quarter valued at approximately $218,000. Finally, Exchange Traded Concepts LLC bought a new stake in Universal Logistics during the 1st quarter worth approximately $248,000. 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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