Universal Logistics (NASDAQ:ULH) Stock Passes Above Fifty Day Moving Average – What’s Next?

Universal Logistics Holdings, Inc. (NASDAQ:ULH)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $15.74 and traded as high as $20.07. Universal Logistics shares last traded at $20.07, with a volume of 40,977 shares trading hands.

Analyst Upgrades and Downgrades

ULH has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Universal Logistics in a report on Wednesday, June 24th. Stifel Nicolaus decreased their price objective on Universal Logistics from $17.00 to $15.00 and set a “hold” rating for the company in a report on Wednesday, July 15th. Finally, Zacks Research lowered Universal Logistics from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Universal Logistics has an average rating of “Sell” and a consensus target price of $15.00.

Universal Logistics Stock Performance

The firm has a market cap of $529.25 million, a P/E ratio of -10.91 and a beta of 0.69. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.18. The company’s 50-day moving average is $15.74 and its two-hundred day moving average is $17.07.

Universal Logistics (NASDAQ:ULH) last issued its quarterly earnings data on Friday, July 31st. The transportation company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The firm had revenue of $379.32 million during the quarter, compared to analyst estimates of $380.40 million. Universal Logistics had a positive return on equity of 2.01% and a negative net margin of 3.16%. As a group, equities analysts predict that Universal Logistics Holdings, Inc. will post 0.5 EPS for the current fiscal year.

Universal Logistics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be issued a dividend of $0.105 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.42 annualized dividend and a yield of 2.1%. Universal Logistics’s dividend payout ratio is -22.83%.

Institutional Investors Weigh In On Universal Logistics

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in Universal Logistics in the 2nd quarter worth about $8,082,000. Bank of New York Mellon Corp purchased a new stake in Universal Logistics in the 2nd quarter valued at about $2,770,000. First Trust Advisors LP lifted its position in shares of Universal Logistics by 44.2% during the 2nd quarter. First Trust Advisors LP now owns 129,253 shares of the transportation company’s stock worth $3,280,000 after buying an additional 39,633 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of Universal Logistics during the 1st quarter worth approximately $789,000. Finally, Walleye Capital LLC purchased a new position in shares of Universal Logistics in the 4th quarter worth approximately $340,000. 25.50% of the stock is owned by hedge funds and other institutional investors.

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.