Universal Logistics (NASDAQ:ULH) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research lowered shares of Universal Logistics (NASDAQ:ULH) from a hold rating to a strong sell rating in a report issued on Wednesday,Zacks.com reports.

Other equities analysts also recently issued reports about the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Universal Logistics in a research note on Wednesday, June 24th. Stifel Nicolaus dropped their price objective 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. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Sell” and an average price target of $15.00.

Universal Logistics Stock Up 8.2%

NASDAQ ULH opened at $14.74 on Wednesday. The business has a fifty day moving average price of $15.06 and a 200 day moving average price of $17.12. Universal Logistics has a one year low of $11.73 and a one year high of $30.76. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $388.69 million, a P/E ratio of -5.87 and a beta of 0.68.

Universal Logistics (NASDAQ:ULH) last announced its quarterly earnings data on Friday, May 1st. The transportation company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.22). Universal Logistics had a negative net margin of 4.29% and a positive return on equity of 2.65%. The firm had revenue of $367.57 million during the quarter, compared to analysts’ expectations of $372.30 million. Research analysts anticipate that Universal Logistics will post 0.45 EPS for the current fiscal year.

Universal Logistics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st were paid a dividend of $0.105 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.42 dividend on an annualized basis and a yield of 2.8%. Universal Logistics’s payout ratio is -16.73%.

Institutional Trading of Universal Logistics

Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its stake in shares of Universal Logistics by 102.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,428 shares of the transportation company’s stock worth $33,000 after acquiring an additional 722 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Universal Logistics by 104.4% during the 4th quarter. State of Alaska Department of Revenue now owns 2,765 shares of the transportation company’s stock valued at $41,000 after acquiring an additional 1,412 shares during the last quarter. Archer Investment Corp acquired a new position in shares of Universal Logistics during the 1st quarter valued at about $48,000. Tower Research Capital LLC TRC grew its holdings in shares of Universal Logistics by 403.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,130 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 1,707 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in shares of Universal Logistics by 46.2% in the fourth quarter. Wells Fargo & Company MN now owns 7,579 shares of the transportation company’s stock valued at $115,000 after purchasing an additional 2,396 shares during the period. 25.50% of the stock is currently 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.