Universal Logistics (NASDAQ:ULH) Stock Price Down 6.7% - What's Next?

Key Points

• Universal Logistics Holdings, Inc. (NASDAQ: ULH) shares fell by 6.7% on Monday, trading as low as $28.22, with trading volume significantly down by 48% from average levels.
• Analysts have recently revised their ratings; while Wall Street Zen upgraded the stock from "sell" to "hold," Stifel Nicolaus lowered its price target from $37.00 to $29.00.
• The company reported a net margin of 3.66% with quarterly revenue falling short of estimates, marking a continued challenge in meeting earnings predictions.

Universal Logistics Holdings, Inc. (NASDAQ:ULH - Get Free Report) shares were down 6.7% on Monday . The company traded as low as $28.22 and last traded at $28.08. Approximately 29,262 shares traded hands during trading, a decline of 48% from the average daily volume of 56,730 shares. The stock had previously closed at $30.11.

Analysts Set New Price Targets

Several research firms have recently issued reports on ULH. Wall Street Zen raised shares of Universal Logistics from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Stifel Nicolaus cut their price target on shares of Universal Logistics from $37.00 to $29.00 and set a "hold" rating for the company in a research note on Tuesday, April 29th.

Universal Logistics Stock Down 10.4%

The company has a market cap of $710.46 million, a PE ratio of 11.58 and a beta of 1.00. The stock's 50 day moving average price is $25.53 and its 200-day moving average price is $28.55. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.18 and a current ratio of 1.18.

Universal Logistics (NASDAQ:ULH - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The transportation company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). Universal Logistics had a return on equity of 9.52% and a net margin of 3.66%. The company had revenue of $393.79 million during the quarter, compared to the consensus estimate of $398.50 million. On average, analysts predict that Universal Logistics Holdings, Inc. will post 2.81 earnings per share for the current year.

Universal Logistics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 1st will be given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, August 29th. Universal Logistics's dividend payout ratio is presently 18.03%.

Institutional Trading of Universal Logistics

Hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC grew its position in Universal Logistics by 15.2% during the 4th quarter. FMR LLC now owns 2,924,397 shares of the transportation company's stock valued at $134,347,000 after purchasing an additional 386,538 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Universal Logistics by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 855,212 shares of the transportation company's stock valued at $39,289,000 after acquiring an additional 8,578 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Universal Logistics by 7.4% during the 1st quarter. American Century Companies Inc. now owns 248,737 shares of the transportation company's stock valued at $6,527,000 after acquiring an additional 17,120 shares during the last quarter. Bridgeway Capital Management LLC boosted its holdings in shares of Universal Logistics by 1.4% during the 1st quarter. Bridgeway Capital Management LLC now owns 217,277 shares of the transportation company's stock valued at $5,701,000 after acquiring an additional 2,956 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of Universal Logistics by 5.0% during the 1st quarter. Empowered Funds LLC now owns 108,268 shares of the transportation company's stock valued at $2,841,000 after acquiring an additional 5,136 shares during the last quarter. 25.50% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.