Universal Logistics (NASDAQ:ULH) Trading Down 7.8% – Should You Sell?

Universal Logistics Holdings, Inc. (NASDAQ:ULH) shares were down 7.8% during trading on Friday . The company traded as low as $22.33 and last traded at $22.19. Approximately 20,218 shares were traded during trading, a decline of 62% from the average daily volume of 53,751 shares. The stock had previously closed at $24.08.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ULH shares. Zacks Research raised shares of Universal Logistics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 17th. Wall Street Zen raised shares of Universal Logistics from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Universal Logistics in a research report on Friday, March 27th. Finally, Stifel Nicolaus upped their price objective on shares of Universal Logistics from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $20.00.

Universal Logistics Stock Down 7.0%

The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.26. The business has a fifty day simple moving average of $19.64 and a two-hundred day simple moving average of $17.56. The company has a market capitalization of $590.24 million, a price-to-earnings ratio of -8.92 and a beta of 0.79.

Universal Logistics (NASDAQ:ULH) last released its quarterly earnings data on Thursday, May 7th. The transportation company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.22). The company had revenue of $367.58 million for the quarter, compared to analyst estimates of $372.30 million. Universal Logistics had a negative net margin of 3.64% and a positive return on equity of 4.13%. Equities analysts expect that Universal Logistics Holdings, Inc. will post 1.06 EPS for the current year.

Universal Logistics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 3rd. Shareholders of record on Monday, March 23rd were issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Monday, March 23rd. Universal Logistics’s payout ratio is presently -19.53%.

Institutional Investors Weigh In On Universal Logistics

A number of institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its holdings in Universal Logistics by 102.3% during the third quarter. BNP Paribas Financial Markets now owns 1,428 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 722 shares in the last quarter. Anchor Capital Advisors LLC boosted its holdings in Universal Logistics by 1.8% during the third quarter. Anchor Capital Advisors LLC now owns 49,506 shares of the transportation company’s stock valued at $1,160,000 after purchasing an additional 875 shares in the last quarter. Barclays PLC boosted its holdings in Universal Logistics by 10.7% during the fourth quarter. Barclays PLC now owns 10,557 shares of the transportation company’s stock valued at $160,000 after purchasing an additional 1,019 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in Universal Logistics during the third quarter valued at approximately $31,000. Finally, Lazard Asset Management LLC boosted its holdings in Universal Logistics by 7.1% during the second quarter. Lazard Asset Management LLC now owns 20,569 shares of the transportation company’s stock valued at $520,000 after purchasing an additional 1,361 shares in the last quarter. 25.50% of the stock is owned by institutional investors and hedge funds.

Universal Logistics Company Profile

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.