Universal Logistics (NASDAQ:ULH) Cut to Sell at Wall Street Zen

by · The Markets Daily

Wall Street Zen downgraded shares of Universal Logistics (NASDAQ:ULH – Free Report) from a hold rating to a sell rating in a research report released on Saturday.

Several other equities analysts have also recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Universal Logistics in a research note on Wednesday, October 8th. Stifel Nicolaus decreased their target price on shares of Universal Logistics from $28.00 to $24.00 and set a “hold” rating for the company in a research report on Friday. Finally, Zacks Research raised shares of Universal Logistics from a “strong sell” rating to a “hold” rating in a research report on Friday, September 26th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $24.00.

Get Our Latest Stock Analysis on Universal Logistics

Universal Logistics Price Performance

ULH stock opened at $19.00 on Friday. The stock has a 50-day moving average price of $23.98 and a two-hundred day moving average price of $24.79. The stock has a market cap of $500.27 million, a PE ratio of 8.15 and a beta of 0.93. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.07. Universal Logistics has a 1 year low of $18.71 and a 1 year high of $53.29.

Universal Logistics (NASDAQ:ULH – Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The transportation company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The firm had revenue of $393.79 million for the quarter, compared to the consensus estimate of $398.50 million. Universal Logistics had a return on equity of 9.47% and a net margin of 3.66%. Equities analysts forecast that Universal Logistics will post 2.81 EPS for the current fiscal year.

Universal Logistics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 1st were paid a $0.105 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.42 annualized dividend and a dividend yield of 2.2%. Universal Logistics’s dividend payout ratio (DPR) is currently 18.03%.

Hedge Funds Weigh In On Universal Logistics

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its position in shares of Universal Logistics by 403.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,130 shares of the transportation company’s stock valued at $54,000 after acquiring an additional 1,707 shares during the period. GAMMA Investing LLC grew its position in shares of Universal Logistics by 15,197.9% in the 1st quarter. GAMMA Investing LLC now owns 7,190 shares of the transportation company’s stock valued at $189,000 after acquiring an additional 7,143 shares during the period. Exchange Traded Concepts LLC bought a new position in shares of Universal Logistics in the 1st quarter valued at about $248,000. Strs Ohio bought a new position in Universal Logistics during the first quarter worth about $315,000. Finally, Legal & General Group Plc increased its position in Universal Logistics by 93.7% during the second quarter. Legal & General Group Plc now owns 13,514 shares of the transportation company’s stock worth $343,000 after buying an additional 6,538 shares during the last quarter. 25.50% of the stock is owned by institutional investors.

Universal Logistics Company Profile

(Get Free Report)

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.

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