Universal Logistics (NASDAQ:ULH) Hits New 1-Year High at $48.63

Universal Logistics Holdings, Inc. (NASDAQ:ULH)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $48.63 and last traded at $47.70, with a volume of 130662 shares. The stock had previously closed at $32.89.

Analysts Set New Price Targets

ULH has been the subject of several recent analyst reports. StockNews.com lowered Universal Logistics from a “buy” rating to a “hold” rating in a research note on Wednesday, April 17th. Stifel Nicolaus upgraded shares of Universal Logistics from a “hold” rating to a “buy” rating and increased their target price for the stock from $35.00 to $36.00 in a research report on Wednesday, January 10th.

Universal Logistics Stock Performance

The stock has a 50-day moving average of $34.46 and a 200 day moving average of $29.43. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market capitalization of $1.19 billion, a P/E ratio of 12.27 and a beta of 1.08.

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, beating analysts’ consensus estimates of $0.71 by $0.10. The company had revenue of $390.92 million during 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%. On average, research analysts anticipate that Universal Logistics Holdings, Inc. will post 3.65 earnings per share for the current year.

Universal Logistics Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.93%. Universal Logistics’s payout ratio is 11.86%.

Institutional Investors Weigh In On Universal Logistics

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Universal Logistics during the 4th quarter worth approximately $110,000. DekaBank Deutsche Girozentrale acquired a new stake in Universal Logistics during the 3rd quarter worth $171,000. Quadrature Capital Ltd bought a new stake in shares of Universal Logistics during the 3rd quarter valued at $253,000. Seizert Capital Partners LLC raised its position in shares of Universal Logistics by 21.5% during the 3rd quarter. Seizert Capital Partners LLC now owns 12,184 shares of the transportation company’s stock valued at $307,000 after acquiring an additional 2,157 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in shares of Universal Logistics by 13.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 14,514 shares of the transportation company’s stock valued at $365,000 after purchasing an additional 1,674 shares during the period. 25.50% of the stock is owned by institutional investors and hedge funds.

Universal Logistics Company Profile

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.