Universal Logistics (NASDAQ:ULH) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Universal Logistics (NASDAQ:ULH) from a sell rating to a hold rating in a report released on Monday.

Separately, Stifel Nicolaus dropped their price target on Universal Logistics from $37.00 to $29.00 and set a “hold” rating on the stock in a research report on Tuesday, April 29th.

Universal Logistics Stock Up 0.7%

Shares of NASDAQ:ULH opened at $26.00 on Monday. Universal Logistics has a one year low of $20.60 and a one year high of $53.29. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.36 and a quick ratio of 1.36. The company has a market cap of $684.58 million, a price-to-earnings ratio of 5.26 and a beta of 1.00. The firm has a fifty day moving average price of $25.53 and a two-hundred day moving average price of $36.70.

Universal Logistics (NASDAQ:ULH) last released its quarterly earnings data on Thursday, April 24th. The transportation company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.25). The company had revenue of $382.39 million during the quarter, compared to analysts’ expectations of $400.60 million. Universal Logistics had a return on equity of 21.37% and a net margin of 7.04%. Analysts anticipate that Universal Logistics will post 2.81 EPS for the current fiscal year.

Universal Logistics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.105 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.42 dividend on an annualized basis and a yield of 1.62%. Universal Logistics’s dividend payout ratio is presently 13.21%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. FMR LLC lifted its stake in Universal Logistics by 15.2% in the fourth quarter. FMR LLC now owns 2,924,397 shares of the transportation company’s stock worth $134,347,000 after purchasing an additional 386,538 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of Universal Logistics during the fourth quarter worth $4,437,000. Invesco Ltd. increased its position in shares of Universal Logistics by 551.2% during the fourth quarter. Invesco Ltd. now owns 96,054 shares of the transportation company’s stock worth $4,413,000 after purchasing an additional 81,304 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Universal Logistics during the fourth quarter valued at $1,734,000. Finally, Nuveen LLC purchased a new stake in shares of Universal Logistics during the first quarter valued at $701,000. 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 solutions in the United States, Mexico, Canada, and Colombia. The company offers truckload services, which include dry van, flatbed, heavy-haul, and refrigerated operations; domestic and international freight forwarding, and customs brokerage services.