Universal Logistics (NASDAQ:ULH) Downgraded by StockNews.com

StockNews.com lowered shares of Universal Logistics (NASDAQ:ULH) from a buy rating to a hold rating in a research note published on Wednesday.

Separately, Stifel Nicolaus upgraded Universal Logistics from a hold rating to a buy rating and upped their target price for the stock from $35.00 to $36.00 in a research note on Wednesday, January 10th.

Universal Logistics Price Performance

Shares of NASDAQ ULH opened at $33.50 on Wednesday. The firm has a market capitalization of $881.39 million, a P/E ratio of 9.46 and a beta of 1.08. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.58. The stock’s 50-day simple moving average is $34.32 and its two-hundred day simple moving average is $29.17. Universal Logistics has a twelve month low of $20.85 and a twelve month high of $38.50.

Universal Logistics (NASDAQ:ULH) last announced its earnings results on Thursday, February 15th. The transportation company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.10. The business had revenue of $390.92 million for the quarter, compared to analyst estimates of $377.30 million. Universal Logistics had a return on equity of 18.58% and a net margin of 5.59%. As a group, equities analysts anticipate that Universal Logistics will post 3.65 EPS for the current fiscal year.

Universal Logistics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were given a dividend of $0.105 per share. The ex-dividend date was Friday, March 1st. This represents a $0.42 annualized dividend and a dividend yield of 1.25%. Universal Logistics’s dividend payout ratio (DPR) is presently 11.86%.

Hedge Funds Weigh In On Universal Logistics

Institutional investors have recently modified their holdings of the company. Point72 Middle East FZE bought a new position in shares of Universal Logistics during the 4th quarter valued at about $30,000. Barclays PLC grew its position in Universal Logistics by 532.5% during the 4th quarter. Barclays PLC now owns 1,929 shares of the transportation company’s stock worth $65,000 after acquiring an additional 1,624 shares during the last quarter. State of Wyoming grew its position in Universal Logistics by 23.8% during the 2nd quarter. State of Wyoming now owns 2,063 shares of the transportation company’s stock worth $59,000 after acquiring an additional 396 shares during the last quarter. Wells Fargo & Company MN grew its position in Universal Logistics by 82.5% during the 2nd quarter. Wells Fargo & Company MN now owns 2,709 shares of the transportation company’s stock worth $78,000 after acquiring an additional 1,225 shares during the last quarter. Finally, Legal & General Group Plc grew its position in Universal Logistics by 268.5% during the 4th quarter. Legal & General Group Plc now owns 2,716 shares of the transportation company’s stock worth $91,000 after acquiring an additional 1,979 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.