Universal Logistics (NASDAQ:ULH) Sets New 12-Month High – What’s Next?

Universal Logistics Holdings, Inc. (NASDAQ:ULH) shares hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as $30.34 and last traded at $29.2960, with a volume of 21,431 shares changing hands. The stock had previously closed at $28.54.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Universal Logistics in a research note on Monday, September 21st. Stifel Nicolaus dropped their price target on shares of Universal Logistics from $17.00 to $15.00 and set a “hold” rating for the company in a research note on Wednesday, July 15th. Wall Street Zen upgraded shares of Universal Logistics from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Zacks Research upgraded shares of Universal Logistics from a “strong sell” rating to a “hold” rating in a report on Monday, September 14th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $15.00.

Universal Logistics Trading Up 5.2%

The business has a fifty day moving average price of $17.97 and a two-hundred day moving average price of $17.44. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $791.36 million, a PE ratio of 17.75 and a beta of 0.74.

Universal Logistics (NASDAQ:ULH) last issued its quarterly earnings data on Thursday, October 29th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.37. Universal Logistics had a negative net margin of 3.16% and a positive return on equity of 1.99%. The firm had revenue of $394.05 million for the quarter, compared to analyst estimates of $390.00 million. Analysts expect that Universal Logistics Holdings, Inc. will post 0.50 EPS for the current fiscal year.

Universal Logistics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 6th. Stockholders of record on Tuesday, December 1st will be paid a $0.1050 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, December 1st. Universal Logistics’s payout ratio is 24.85%.

Hedge Funds Weigh In On Universal Logistics

A number of hedge funds have recently made changes to their positions in ULH. Archer Investment Corp acquired a new stake in Universal Logistics in the 1st quarter valued at approximately $48,000. Deutsche Bank AG purchased a new stake in Universal Logistics in the second quarter valued at approximately $75,000. Quantinno Capital Management LP lifted its stake in Universal Logistics by 118.9% during the first quarter. Quantinno Capital Management LP now owns 37,766 shares of the transportation company’s stock worth $798,000 after purchasing an additional 20,511 shares in the last quarter. Empowered Funds LLC acquired a new position in Universal Logistics during the second quarter worth $1,423,000. Finally, Bank of New York Mellon Corp acquired a new position in Universal Logistics during the second quarter worth $2,770,000. 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 services throughout the United States, Canada and Mexico. The company serves automotive, industrial, retail and other commercial customers with customized supply-chain solutions designed to move freight and support manufacturing and distribution operations.

Its services include contract logistics, dedicated transportation, truckload and intermodal transportation, freight brokerage, drayage, and value-added services.