Universal Logistics (NASDAQ:ULH) Reaches New 1-Year High at $48.63

Universal Logistics Holdings, Inc. (NASDAQ:ULH) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $48.63 and last traded at $47.70, with a volume of 130662 shares changing hands. The stock had previously closed at $32.89.

Analyst Ratings Changes

Several research firms have recently weighed in on ULH. Stifel Nicolaus raised shares of Universal Logistics from a “hold” rating to a “buy” rating and lifted their price target for the company from $35.00 to $36.00 in a research note on Wednesday, January 10th. StockNews.com lowered shares of Universal Logistics from a “buy” rating to a “hold” rating in a research report on Wednesday, April 17th.

Universal Logistics Stock Up 37.5 %

The company has a market cap of $1.19 billion, a price-to-earnings ratio of 12.27 and a beta of 1.08. The business has a fifty day moving average of $34.46 and a two-hundred day moving average of $29.43. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.58.

Universal Logistics (NASDAQ:ULH) last issued its quarterly earnings results on Thursday, February 15th. The transportation company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.71 by $0.10. Universal Logistics had a net margin of 5.59% and a return on equity of 18.58%. The company had revenue of $390.92 million during the quarter, compared to analyst estimates of $377.30 million. As a group, equities analysts anticipate that Universal Logistics Holdings, Inc. will post 3.65 EPS for the current fiscal year.

Universal Logistics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were given a dividend of $0.105 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.42 dividend on an annualized basis and a yield of 0.93%. Universal Logistics’s payout ratio is 11.86%.

Institutional Trading of Universal Logistics

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Universal Logistics during the fourth quarter valued at about $110,000. DekaBank Deutsche Girozentrale acquired a new position in Universal Logistics during the third quarter worth $171,000. Quadrature Capital Ltd purchased a new position in shares of Universal Logistics during the third quarter worth $253,000. Seizert Capital Partners LLC boosted its position in shares of Universal Logistics by 21.5% during the third quarter. Seizert Capital Partners LLC now owns 12,184 shares of the transportation company’s stock worth $307,000 after buying an additional 2,157 shares during the period. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Universal Logistics by 13.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 14,514 shares of the transportation company’s stock valued at $365,000 after buying an additional 1,674 shares during the period. Institutional investors and hedge funds own 25.50% of the company’s stock.

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.