Universal Logistics’ (ULH) “Hold” Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus reiterated their hold rating on shares of Universal Logistics (NASDAQ:ULH) in a report published on Monday, MarketBeat Ratings reports. They currently have a $46.00 target price on the transportation company’s stock, up from their prior target price of $36.00.

Separately, StockNews.com upgraded Universal Logistics from a hold rating to a buy rating in a research report on Friday, April 26th.

Universal Logistics Stock Performance

Shares of NASDAQ ULH opened at $43.98 on Monday. The company has a market capitalization of $1.16 billion, a P/E ratio of 9.60 and a beta of 1.08. The business’s 50-day moving average price is $35.42 and its two-hundred day moving average price is $30.04. Universal Logistics has a one year low of $20.85 and a one year high of $48.63. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.39 and a quick ratio of 1.39.

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 the consensus estimate of $0.71 by $0.10. Universal Logistics had a return on equity of 23.60% and a net margin of 7.02%. The firm had revenue of $390.92 million during the quarter, compared to the consensus estimate of $377.30 million. Analysts anticipate that Universal Logistics will post 3.65 earnings per share for the current fiscal year.

Universal Logistics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 0.95%. The ex-dividend date is Monday, June 3rd. Universal Logistics’s payout ratio is presently 9.17%.

Institutional Trading of Universal Logistics

Several hedge funds and other institutional investors have recently modified their holdings of ULH. Exchange Traded Concepts LLC raised its position in Universal Logistics by 13.0% during the third 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 in the last quarter. Bank of New York Mellon Corp grew its position in shares of Universal Logistics by 0.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 169,090 shares of the transportation company’s stock valued at $4,258,000 after acquiring an additional 1,560 shares during the period. Seizert Capital Partners LLC boosted its holdings in Universal Logistics by 21.5% in the 3rd quarter. Seizert Capital Partners LLC now owns 12,184 shares of the transportation company’s stock worth $307,000 after buying an additional 2,157 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Universal Logistics by 5.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 41,945 shares of the transportation company’s stock worth $1,056,000 after buying an additional 2,223 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Universal Logistics during the 3rd quarter valued at $171,000. Institutional investors and hedge funds own 25.50% of the company’s stock.

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.