Universal Logistics Holdings Inc (ULH) Upgraded by BidaskClub to “Buy”
BidaskClub upgraded shares of Universal Logistics Holdings Inc (NYSE:ULH) from a hold rating to a buy rating in a research report released on Friday morning.
ULH has been the topic of a number of other research reports. Zacks Investment Research raised Universal Logistics Holdings from a strong sell rating to a hold rating in a research note on Thursday, May 4th. Stifel Nicolaus raised Universal Logistics Holdings from a hold rating to a buy rating and set a $17.00 price objective on the stock in a research note on Monday, July 31st.
Shares of Universal Logistics Holdings (NYSE:ULH) traded up 1.81% during midday trading on Friday, hitting $16.90. 19,537 shares of the company were exchanged. Universal Logistics Holdings has a one year low of $11.09 and a one year high of $17.70. The company’s 50 day moving average price is $14.75 and its 200 day moving average price is $14.09. The firm has a market cap of $480.67 million and a P/E ratio of 32.50.
Universal Logistics Holdings (NYSE:ULH) last announced its quarterly earnings results on Thursday, July 27th. The transportation company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Universal Logistics Holdings had a return on equity of 7.26% and a net margin of 0.90%. The firm had revenue of $305.20 million for the quarter, compared to analysts’ expectations of $302.10 million. Equities analysts expect that Universal Logistics Holdings will post $0.70 EPS for the current year.
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The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 7th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Thursday, August 3rd.
A number of institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in Universal Logistics Holdings during the first quarter worth approximately $134,000. Teachers Advisors LLC raised its position in Universal Logistics Holdings by 10.2% in the second quarter. Teachers Advisors LLC now owns 12,660 shares of the transportation company’s stock worth $190,000 after buying an additional 1,169 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in Universal Logistics Holdings during the first quarter worth approximately $225,000. Schwab Charles Investment Management Inc. raised its position in Universal Logistics Holdings by 47.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 31,477 shares of the transportation company’s stock worth $473,000 after buying an additional 10,129 shares in the last quarter. Finally, Zacks Investment Management acquired a new position in Universal Logistics Holdings during the second quarter worth approximately $979,000.
Universal Logistics Holdings Company Profile
Universal Logistics Holdings, Inc, formerly Universal Truckload Services, Inc, is an asset-light provider of customized transportation and logistics solutions across the United States, Mexico, Canada and Colombia. The Company operates through two segments: the transportation segment and the logistics segment.
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