Universal Logistics (NASDAQ:ULH) Reaches New 1-Year Low – Here’s What Happened

Universal Logistics Holdings, Inc. (NASDAQ:ULH) shares reached a new 52-week low on Wednesday . The stock traded as low as $27.05 and last traded at $27.46, with a volume of 51656 shares changing hands. The stock had previously closed at $27.53.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus upped their price objective 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 business has a 50-day moving average price of $41.09 and a two-hundred day moving average price of $43.33. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $722.69 million, a price-to-earnings ratio of 5.56 and a beta of 0.90.

Universal Logistics (NASDAQ:ULH) last issued 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 net margin of 7.04% and a return on equity of 21.37%. During the same quarter last year, the firm earned $0.81 EPS. As a group, research analysts anticipate that Universal Logistics Holdings, Inc. will post 2.81 EPS for the current year.

Universal Logistics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be issued a $0.105 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.53%. Universal Logistics’s dividend payout ratio is presently 8.50%.

Institutional Investors Weigh In On Universal Logistics

Several institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in Universal Logistics by 126.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,854 shares of the transportation company’s stock worth $770,000 after acquiring an additional 9,966 shares during the last quarter. FMR LLC grew its position in Universal Logistics by 4.1% in the 3rd quarter. FMR LLC now owns 2,537,859 shares of the transportation company’s stock worth $109,407,000 after purchasing an additional 100,563 shares in the last quarter. Barclays PLC increased its stake in Universal Logistics by 339.7% in the 3rd quarter. Barclays PLC now owns 10,952 shares of the transportation company’s stock valued at $473,000 after buying an additional 8,461 shares during the last quarter. State Street Corp lifted its position in shares of Universal Logistics by 0.6% during the 3rd quarter. State Street Corp now owns 147,251 shares of the transportation company’s stock worth $6,363,000 after buying an additional 911 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings 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 in the last quarter. 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.