Universal Logistics (NASDAQ:ULH) Reaches New 52-Week Low – Time to Sell?

Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $26.04 and last traded at $26.12, with a volume of 51853 shares trading hands. The stock had previously closed at $27.20.

Wall Street Analyst Weigh In

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

Universal Logistics Stock Performance

The stock has a market capitalization of $687.43 million, a PE ratio of 5.29 and a beta of 0.90. 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 50 day moving average is $39.18 and its two-hundred day moving average is $42.91.

Universal Logistics (NASDAQ:ULH) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates 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 business posted $0.81 EPS. As a group, research analysts predict that Universal Logistics Holdings, Inc. will post 2.81 earnings per share for the current year.

Universal Logistics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Monday, March 3rd. Universal Logistics’s dividend payout ratio is currently 8.50%.

Hedge Funds Weigh In On Universal Logistics

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers grew its holdings in Universal Logistics by 4.8% during the 4th quarter. Rhumbline Advisers now owns 10,353 shares of the transportation company’s stock worth $476,000 after acquiring an additional 470 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Universal Logistics by 15.6% in the 4th quarter. SG Americas Securities LLC now owns 3,831 shares of the transportation company’s stock valued at $176,000 after purchasing an additional 516 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Universal Logistics by 1.7% during the 3rd quarter. Victory Capital Management Inc. now owns 37,564 shares of the transportation company’s stock worth $1,619,000 after purchasing an additional 643 shares during the last quarter. Bank of America Corp DE grew its stake in shares of 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 worth $601,000 after purchasing an additional 747 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Universal Logistics by 31.0% in the fourth quarter. Wells Fargo & Company MN now owns 3,708 shares of the transportation company’s stock valued at $170,000 after buying an additional 877 shares during the last quarter. 25.50% of the stock is owned by institutional investors and hedge funds.

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.