Universal Logistics (NASDAQ:ULH) Trading Up 7.7% - What's Next?

Universal Logistics Holdings, Inc. (NASDAQ:ULH - Get Free Report)'s stock price rose 7.7% on Tuesday . The company traded as high as $26.81 and last traded at $27.32. Approximately 9,803 shares changed hands during trading, a decline of 82% from the average daily volume of 55,522 shares. The stock had previously closed at $25.38.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ULH shares. Stifel Nicolaus lowered their price objective 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 Stock Performance

The stock has a market capitalization of $759.09 million, a price-to-earnings ratio of 9.07 and a beta of 1.00. The stock's 50 day moving average is $24.56 and its 200 day moving average is $30.84. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.00.

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). The business had revenue of $382.39 million during the quarter, compared to analyst estimates of $400.60 million. Universal Logistics had a net margin of 4.81% and a return on equity of 13.18%. On average, analysts predict 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 Tuesday, July 1st. Investors of record on Monday, June 2nd were paid a $0.105 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.42 dividend on an annualized basis and a yield of 1.46%. Universal Logistics's payout ratio is 13.21%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in Universal Logistics by 15.2% in 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 in the last quarter. Dimensional Fund Advisors LP grew its stake in Universal Logistics by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 855,212 shares of the transportation company's stock worth $39,289,000 after acquiring an additional 8,578 shares during the period. American Century Companies Inc. grew its stake in Universal Logistics by 7.4% in the 1st quarter. American Century Companies Inc. now owns 248,737 shares of the transportation company's stock worth $6,527,000 after acquiring an additional 17,120 shares during the period. Bridgeway Capital Management LLC grew its stake in Universal Logistics by 1.4% in the 1st quarter. Bridgeway Capital Management LLC now owns 217,277 shares of the transportation company's stock worth $5,701,000 after acquiring an additional 2,956 shares during the period. Finally, Empowered Funds LLC grew its stake in Universal Logistics by 5.0% in the 1st quarter. Empowered Funds LLC now owns 108,268 shares of the transportation company's stock worth $2,841,000 after acquiring an additional 5,136 shares during the period. 25.50% of the stock is currently owned by hedge funds and other institutional investors.

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.