Universal Logistics (NASDAQ:ULH) Upgraded at Wall Street Zen
by Mitch Edgeman · The Markets DailyWall Street Zen upgraded shares of Universal Logistics (NASDAQ:ULH – Free Report) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.
Other analysts also recently issued reports about the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Universal Logistics in a report on Wednesday, June 24th. Stifel Nicolaus lowered their target price on Universal Logistics from $17.00 to $15.00 and set a “hold” rating for the company in a research note on Wednesday, July 15th. Finally, Zacks Research downgraded Universal Logistics from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Sell” and a consensus target price of $15.00.
Check Out Our Latest Stock Report on Universal Logistics
Universal Logistics Stock Performance
NASDAQ:ULH opened at $19.55 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.06. The company has a market cap of $515.53 million, a P/E ratio of -10.62 and a beta of 0.69. The firm’s 50 day moving average is $16.03 and its two-hundred day moving average is $17.17. Universal Logistics has a fifty-two week low of $11.73 and a fifty-two week high of $27.24.
Universal Logistics (NASDAQ:ULH – Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The transportation company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. Universal Logistics had a positive return on equity of 1.99% and a negative net margin of 3.16%.The firm had revenue of $379.32 million during the quarter, compared to the consensus estimate of $380.40 million. Analysts expect that Universal Logistics will post 0.5 EPS for the current year.
Universal Logistics Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, September 1st. Universal Logistics’s dividend payout ratio is presently -22.83%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of ULH. BlackRock Inc. purchased a new position in Universal Logistics in the second quarter valued at about $8,082,000. Deutsche Bank AG purchased a new stake in Universal Logistics during the 2nd quarter worth approximately $75,000. Bank of New York Mellon Corp purchased a new stake in Universal Logistics during the 2nd quarter worth approximately $2,770,000. Quantinno Capital Management LP raised its position in shares of Universal Logistics by 118.9% in the 1st quarter. Quantinno Capital Management LP now owns 37,766 shares of the transportation company’s stock valued at $798,000 after purchasing an additional 20,511 shares in the last quarter. Finally, Archer Investment Corp purchased a new position in shares of Universal Logistics during the 1st quarter valued at approximately $48,000. Institutional investors and hedge funds own 25.50% of the company’s stock.
Universal Logistics Company Profile
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.