Universal Logistics (NASDAQ:ULH) Trading 6.8% Higher Following Dividend Announcement

Key Points

• Universal Logistics Holdings announced a dividend of $0.105 per share, leading to a 6.8% increase in their stock price, which last traded at $29.26.
• The company's dividend yield stands at 1.42% with a dividend payout ratio (DPR) of 13.21%.
• Recent adjustments by analysts include a downgrade of Universal Logistics's target price by Stifel Nicolaus from $37.00 to $29.00, maintaining a "hold" rating.
• Universal Logistics reported a net margin of 4.81% for the last quarter but missed earnings expectations with $0.32 EPS against a consensus estimate of $0.34.

Universal Logistics Holdings, Inc. (NASDAQ:ULH - Get Free Report)'s share price traded up 6.8% during trading on Friday after the company announced a dividend. The stock traded as high as $28.51 and last traded at $29.26. 7,082 shares were traded during trading, a decline of 87% from the average session volume of 56,558 shares. The stock had previously closed at $27.39.The newly announced dividend which will be paid on Wednesday, October 1st. Investors of record on Monday, September 1st will be paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.42%. Universal Logistics's dividend payout ratio (DPR) is presently 13.21%.

Wall Street Analyst Weigh In

ULH has been the topic of a number of research analyst reports. Wall Street Zen upgraded Universal Logistics from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Stifel Nicolaus decreased their target price on Universal Logistics from $37.00 to $29.00 and set a "hold" rating on the stock in a research report on Tuesday, April 29th.

Universal Logistics Trading Up 7.6%

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 has a market cap of $776.43 million, a P/E ratio of 9.28 and a beta of 1.00. The business has a fifty day simple moving average of $25.46 and a 200 day simple moving average of $28.85.

Universal Logistics (NASDAQ:ULH - Get Free Report) last posted its earnings results 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 net margin of 4.81% and a return on equity of 13.18%. The business had revenue of $393.79 million during the quarter, compared to analyst estimates of $398.50 million. Analysts anticipate that Universal Logistics Holdings, Inc. will post 2.81 earnings per share for the current fiscal year.

Institutional Trading of Universal Logistics

Several large investors have recently added to or reduced their stakes in ULH. KLP Kapitalforvaltning AS acquired a new position in shares of Universal Logistics during the 4th quarter valued at $64,000. Wells Fargo & Company MN grew its holdings in shares of Universal Logistics by 31.0% in the 4th 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 during the last quarter. GAMMA Investing LLC grew its holdings in shares of Universal Logistics by 15,197.9% in the 1st 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 during the last quarter. XTX Topco Ltd acquired a new position in shares of Universal Logistics in the 4th quarter worth $218,000. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Universal Logistics in the 1st quarter worth $248,000. 25.50% of the stock is currently owned by institutional investors and hedge funds.

About Universal Logistics

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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