Universal Logistics Holdings, Inc. (ULH) To Go Ex-Dividend on March 23rd

Universal Logistics Holdings, Inc. (NASDAQ:ULH) announced a quarterly dividend on Friday, March 13th. Investors of record on Monday, March 23rd will be given a dividend of 0.105 per share by the transportation company on Friday, April 3rd. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Monday, March 23rd.

Universal Logistics has increased its dividend payment by an average of 0.1%per year over the last three years. Universal Logistics has a dividend payout ratio of 13.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Universal Logistics to earn $3.95 per share next year, which means the company should continue to be able to cover its $0.42 annual dividend with an expected future payout ratio of 10.6%.

Universal Logistics Price Performance

ULH opened at $17.67 on Friday. The stock has a market capitalization of $465.60 million, a P/E ratio of -8.22 and a beta of 0.91. Universal Logistics has a 12-month low of $12.78 and a 12-month high of $30.76. The company has a current ratio of 1.20, a quick ratio of 1.32 and a debt-to-equity ratio of 1.26. The stock has a 50-day moving average price of $16.70 and a 200-day moving average price of $17.84.

Universal Logistics (NASDAQ:ULH) last issued its quarterly earnings data on Friday, March 13th. The transportation company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.19. Universal Logistics had a positive return on equity of 4.13% and a negative net margin of 3.64%.The firm had revenue of $385.43 million for the quarter, compared to analyst estimates of $376.10 million. Equities analysts predict that Universal Logistics will post 2.81 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Universal Logistics

Several hedge funds have recently made changes to their positions in the company. First Trust Advisors LP grew 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 valued at $3,280,000 after acquiring an additional 39,633 shares during the period. AQR Capital Management LLC acquired a new position in Universal Logistics in the 1st quarter worth about $789,000. Walleye Capital LLC purchased a new position in Universal Logistics during the fourth quarter worth approximately $340,000. Royal Bank of Canada grew its holdings in Universal Logistics by 208.2% in the fourth quarter. Royal Bank of Canada now owns 31,703 shares of the transportation company’s stock valued at $482,000 after purchasing an additional 21,416 shares during the period. Finally, Millennium Management LLC purchased a new stake in shares of Universal Logistics in the fourth quarter valued at approximately $322,000. 25.50% of the stock is owned by institutional investors and hedge funds.

About Universal Logistics

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.