Universal Logistics (NASDAQ:ULH) Trading Up 1.6% – What’s Next?

Universal Logistics Holdings, Inc. (NASDAQ:ULH) shares rose 1.6% during trading on Friday . The company traded as high as $24.47 and last traded at $24.41. Approximately 13,294 shares traded hands during trading, a decline of 72% from the average daily volume of 47,473 shares. The stock had previously closed at $24.03.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus boosted their target price on shares of Universal Logistics from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd.

Universal Logistics Stock Performance

The stock has a market cap of $650.29 million, a price-to-earnings ratio of 5.00 and a beta of 0.92. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.36 and a quick ratio of 1.36. The stock’s 50-day moving average is $30.59 and its 200-day moving average is $40.46.

Universal Logistics (NASDAQ:ULH) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.16). Universal Logistics had a return on equity of 21.37% and a net margin of 7.04%. During the same period last year, the firm posted $0.81 EPS. Analysts anticipate that Universal Logistics Holdings, Inc. will post 2.81 EPS for the current fiscal year.

Universal Logistics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date was Monday, March 3rd. Universal Logistics’s dividend payout ratio is currently 8.50%.

Institutional Investors Weigh In On Universal Logistics

A number of institutional investors have recently bought and sold shares of ULH. Rhumbline Advisers boosted its holdings in shares of Universal Logistics by 4.8% in the 4th quarter. Rhumbline Advisers now owns 10,353 shares of the transportation company’s stock valued at $476,000 after purchasing an additional 470 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Universal Logistics by 15.6% in the fourth quarter. SG Americas Securities LLC now owns 3,831 shares of the transportation company’s stock valued at $176,000 after acquiring an additional 516 shares during the last quarter. Bank of America Corp DE grew its position in Universal Logistics by 6.1% during the fourth quarter. Bank of America Corp DE now owns 13,090 shares of the transportation company’s stock valued at $601,000 after acquiring an additional 747 shares during the period. Wells Fargo & Company MN grew its position 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 valued at $170,000 after acquiring an additional 877 shares during the period. Finally, State Street Corp increased its stake in Universal Logistics by 0.6% during the third quarter. State Street Corp now owns 147,251 shares of the transportation company’s stock worth $6,363,000 after acquiring an additional 911 shares during the last quarter. 25.50% of the stock is currently 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.