Universal Logistics (NASDAQ:ULH) Hits New 1-Year Low – Here’s Why

Universal Logistics Holdings, Inc. (NASDAQ:ULH) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $29.73 and last traded at $29.73, with a volume of 103094 shares traded. The stock had previously closed at $34.53.

Analyst Ratings Changes

Separately, Stifel Nicolaus boosted their price objective on 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 Price Performance

The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.36 and a current ratio of 1.36. The firm’s fifty day moving average is $44.56 and its two-hundred day moving average is $44.04. The company has a market cap of $754.33 million, a P/E ratio of 5.80 and a beta of 0.90.

Universal Logistics (NASDAQ:ULH) last released its earnings results 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 in the previous year, the firm posted $0.81 EPS. As a group, analysts anticipate that Universal Logistics Holdings, Inc. will post 4.64 earnings per share for the current fiscal year.

Universal Logistics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be issued a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Monday, March 3rd. Universal Logistics’s dividend payout ratio (DPR) is presently 8.50%.

Institutional Trading of Universal Logistics

A number of institutional investors and hedge funds have recently bought and sold shares of ULH. FMR LLC grew its stake in shares of Universal Logistics by 4.1% in the 3rd quarter. FMR LLC now owns 2,537,859 shares of the transportation company’s stock worth $109,407,000 after buying an additional 100,563 shares in the last quarter. American Century Companies Inc. increased its stake in Universal Logistics by 10.2% during the fourth quarter. American Century Companies Inc. now owns 231,617 shares of the transportation company’s stock worth $10,640,000 after acquiring an additional 21,516 shares during the last quarter. Geode Capital Management LLC raised its position in Universal Logistics by 2.3% during the third quarter. Geode Capital Management LLC now owns 183,374 shares of the transportation company’s stock valued at $7,907,000 after purchasing an additional 4,130 shares during the period. State Street Corp boosted its holdings in shares of Universal Logistics by 0.6% in the 3rd quarter. State Street Corp now owns 147,251 shares of the transportation company’s stock worth $6,363,000 after purchasing an additional 911 shares during the period. Finally, Empowered Funds LLC increased its position in shares of Universal Logistics by 5.1% during the 4th quarter. Empowered Funds LLC now owns 103,132 shares of the transportation company’s stock valued at $4,738,000 after purchasing an additional 4,977 shares during the last quarter. 25.50% of the stock is currently owned by institutional investors.

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.