Universal Logistics (NASDAQ:ULH) Stock Price Down 5.3% – Here’s What Happened

Universal Logistics Holdings, Inc. (NASDAQ:ULH) shares fell 5.3% on Monday . The stock traded as low as $20.20 and last traded at $20.3360. 7,707 shares were traded during mid-day trading, a decline of 85% from the average session volume of 50,615 shares. The stock had previously closed at $21.47.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus cut their price objective on shares of Universal Logistics from $18.00 to $17.00 and set a “hold” rating for the company in a research report on Tuesday, December 16th. Zacks Research raised Universal Logistics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 17th. Wall Street Zen upgraded Universal Logistics from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Universal Logistics in a report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $17.00.

Universal Logistics Trading Down 3.5%

The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.26. The stock has a fifty day simple moving average of $17.38 and a 200 day simple moving average of $17.47. The firm has a market capitalization of $545.97 million, a P/E ratio of -9.64 and a beta of 0.71.

Universal Logistics (NASDAQ:ULH) last released its quarterly earnings data on Friday, March 13th. The transportation company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.19. The firm had revenue of $385.43 million during the quarter, compared to analyst estimates of $376.10 million. Universal Logistics had a positive return on equity of 4.13% and a negative net margin of 3.64%. As a group, research analysts forecast that Universal Logistics Holdings, Inc. will post 2.81 EPS for the current year.

Universal Logistics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 3rd. Shareholders of record on Monday, March 23rd were issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Monday, March 23rd. Universal Logistics’s dividend payout ratio (DPR) is -19.53%.

Hedge Funds Weigh In On Universal Logistics

A number of hedge funds and other institutional investors have recently modified their holdings of ULH. State of Alaska Department of Revenue purchased a new position in Universal Logistics during the third quarter valued at $31,000. BNP Paribas Financial Markets boosted its holdings in shares of Universal Logistics by 102.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,428 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 722 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Universal Logistics by 403.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,130 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 1,707 shares during the last quarter. AlphaQuest LLC purchased a new position in shares of Universal Logistics during the third quarter valued at about $102,000. Finally, Wells Fargo & Company MN increased its holdings in shares of Universal Logistics by 46.2% in the fourth quarter. Wells Fargo & Company MN now owns 7,579 shares of the transportation company’s stock worth $115,000 after purchasing an additional 2,396 shares during the last quarter. Institutional investors own 25.50% of the company’s stock.

About Universal Logistics

Universal Logistics Holdings, Inc is a diversified, asset-light third-party logistics provider offering transportation and supply chain solutions across North America and around the globe. Its service portfolio encompasses truckload, less-than-truckload, intermodal, and specialized freight services, supported by dedicated brokerage, warehousing, and distribution management capabilities.

Originally incorporated as Universal Truckload Services, Inc, the company has evolved beyond its core truckload heritage to a one-stop logistics platform.