Universal Logistics Holdings, Inc. (NASDAQ:ULH) to Issue Quarterly Dividend of $0.11

Universal Logistics Holdings, Inc. (NASDAQ:ULH) declared a quarterly dividend on Friday, May 1st. Stockholders of record on Monday, June 1st will be given a dividend of 0.105 per share by the transportation company on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, June 1st.

Universal Logistics has increased its dividend by an average of 0.1%per year over the last three years. Universal Logistics has a dividend payout ratio of 13.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Universal Logistics to earn $1.20 per share next year, which means the company should continue to be able to cover its $0.42 annual dividend with an expected future payout ratio of 35.0%.

Universal Logistics Stock Down 2.3%

ULH opened at $15.91 on Friday. The company has a fifty day moving average price of $18.82 and a 200-day moving average price of $17.04. The firm has a market capitalization of $419.55 million, a P/E ratio of -6.34 and a beta of 0.79. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.13 and a quick ratio of 1.13. Universal Logistics has a one year low of $11.73 and a one year high of $30.76.

Universal Logistics (NASDAQ:ULH) last released its quarterly earnings results on Friday, May 1st. The transportation company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.22). The firm had revenue of $367.58 million for the quarter, compared to analysts’ expectations of $372.30 million. Universal Logistics had a negative net margin of 4.29% and a positive return on equity of 2.65%. Equities research analysts expect that Universal Logistics will post 0.55 earnings per share for the current fiscal year.

Institutional Trading of Universal Logistics

Several institutional investors have recently added to or reduced their stakes in ULH. First Trust Advisors LP boosted its position in Universal Logistics by 44.2% during the second quarter. First Trust Advisors LP now owns 129,253 shares of the transportation company’s stock valued at $3,280,000 after buying an additional 39,633 shares during the period. AQR Capital Management LLC purchased a new stake in Universal Logistics during the first quarter valued at about $789,000. Walleye Capital LLC purchased a new stake in Universal Logistics during the fourth quarter valued at about $340,000. Royal Bank of Canada boosted its position in Universal Logistics by 208.2% during the fourth quarter. Royal Bank of Canada now owns 31,703 shares of the transportation company’s stock valued at $482,000 after buying an additional 21,416 shares during the period. Finally, Millennium Management LLC purchased a new stake in Universal Logistics during the fourth quarter valued at about $322,000. 25.50% of the stock is currently owned by hedge funds and other institutional investors.

About Universal Logistics

Universal Logistics Holdings, Inc is a diversified, asset-light third-party logistics provider offering transportation and supply chain solutions across North America and around the globe. Its service portfolio encompasses truckload, less-than-truckload, intermodal, and specialized freight services, supported by dedicated brokerage, warehousing, and distribution management capabilities.

Originally incorporated as Universal Truckload Services, Inc, the company has evolved beyond its core truckload heritage to a one-stop logistics platform.