Universal Logistics (NASDAQ:ULH) Reaches New 1-Year Low – Should You Sell?

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

Wall Street Analysts Forecast Growth

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

Universal Logistics Price Performance

The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $701.11 million, a P/E ratio of 5.39 and a beta of 0.96. The business’s fifty day moving average price is $38.34 and its 200-day moving average price is $42.70.

Universal Logistics (NASDAQ:ULH) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.77 earnings per share (EPS) 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 quarter in the prior year, the company earned $0.81 EPS. As a group, sell-side analysts predict that Universal Logistics Holdings, Inc. will post 2.81 earnings per share for the current fiscal year.

Universal Logistics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors 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 1.58%. The ex-dividend date of this dividend is Monday, March 3rd. Universal Logistics’s payout ratio is presently 8.50%.

Hedge Funds Weigh In On Universal Logistics

A number of hedge funds have recently modified their holdings of the company. Rhumbline Advisers increased its position in shares of Universal Logistics by 4.8% in the fourth quarter. Rhumbline Advisers now owns 10,353 shares of the transportation company’s stock valued at $476,000 after acquiring an additional 470 shares during the period. SG Americas Securities LLC increased its position in shares of Universal Logistics by 15.6% in the fourth quarter. SG Americas Securities LLC now owns 3,831 shares of the transportation company’s stock valued at $176,000 after acquiring an additional 516 shares during the period. Victory Capital Management Inc. increased its position in shares of Universal Logistics by 1.7% in the third quarter. Victory Capital Management Inc. now owns 37,564 shares of the transportation company’s stock valued at $1,619,000 after acquiring an additional 643 shares during the period. Bank of America Corp DE increased its position in shares of Universal Logistics by 6.1% in the fourth quarter. Bank of America Corp DE now owns 13,090 shares of the transportation company’s stock valued at $601,000 after acquiring an additional 747 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of 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 acquiring an additional 877 shares during the period. Hedge funds and other institutional investors own 25.50% of the company’s stock.

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.