Universal Logistics (NASDAQ:ULH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Universal Logistics (NASDAQ:ULH) from a sell rating to a hold rating in a research note issued to investors on Saturday.

A number of other research firms have also weighed in on ULH. Zacks Research lowered Universal Logistics from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of Universal Logistics in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus lowered their price target on Universal Logistics from $28.00 to $24.00 and set a “hold” rating for the company in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Sell” and a consensus target price of $24.00.

Universal Logistics Price Performance

Shares of ULH stock opened at $13.98 on Friday. The business’s fifty day moving average is $21.05 and its 200 day moving average is $23.61. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.07. The stock has a market cap of $368.09 million, a price-to-earnings ratio of 6.00 and a beta of 0.90. Universal Logistics has a twelve month low of $13.93 and a twelve month high of $52.74.

Universal Logistics (NASDAQ:ULH) last announced its earnings results on Thursday, November 6th. The transportation company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. Universal Logistics had a net margin of 3.66% and a return on equity of 9.47%. The firm had revenue of $396.79 million for the quarter, compared to analysts’ expectations of $422.80 million. Research analysts expect that Universal Logistics will post 2.81 EPS for the current fiscal year.

Universal Logistics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 1st will be paid a $0.105 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.42 dividend on an annualized basis and a dividend yield of 3.0%. Universal Logistics’s payout ratio is currently -27.63%.

Institutional Investors Weigh In On Universal Logistics

Several institutional investors and hedge funds have recently added to or reduced their stakes in ULH. New York State Common Retirement Fund lifted its holdings in shares of Universal Logistics by 8.0% during the 1st quarter. New York State Common Retirement Fund now owns 33,657 shares of the transportation company’s stock valued at $883,000 after buying an additional 2,500 shares during the period. Nuveen LLC bought a new stake in shares of Universal Logistics in the first quarter worth $701,000. Strs Ohio purchased a new stake in Universal Logistics during the first quarter valued at $315,000. American Century Companies Inc. lifted its holdings in Universal Logistics by 7.4% in the first quarter. American Century Companies Inc. now owns 248,737 shares of the transportation company’s stock valued at $6,527,000 after acquiring an additional 17,120 shares during the period. Finally, Bridgeway Capital Management LLC lifted its holdings in Universal Logistics by 1.4% in the first quarter. Bridgeway Capital Management LLC now owns 217,277 shares of the transportation company’s stock valued at $5,701,000 after acquiring an additional 2,956 shares during the period. Hedge funds and other institutional investors 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.