Universal Logistics (NASDAQ:ULH) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

Universal Logistics Holdings, Inc. (NASDAQ:ULH)’s share price crossed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $17.98 and traded as low as $16.57. Universal Logistics shares last traded at $17.35, with a volume of 58,758 shares traded.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Universal Logistics in a report on Monday, September 21st. Zacks Research raised shares of Universal Logistics from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th. Wall Street Zen raised Universal Logistics from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Stifel Nicolaus reduced their price objective on shares of Universal Logistics from $17.00 to $15.00 and set a “hold” rating on the stock in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $15.00.

Universal Logistics Stock Performance

The firm has a market cap of $441.40 million, a price-to-earnings ratio of -9.10 and a beta of 0.74. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.06. The company has a 50 day moving average of $17.93 and a 200 day moving average of $17.33.

Universal Logistics (NASDAQ:ULH) last issued its quarterly earnings results on Friday, July 31st. The transportation company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. Universal Logistics had a positive return on equity of 1.99% and a negative net margin of 3.16%. The business had revenue of $379.32 million during the quarter, compared to the consensus estimate of $380.40 million. As a group, equities research analysts expect that Universal Logistics Holdings, Inc. will post 0.50 EPS for the current fiscal year.

Universal Logistics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 1st were issued a $0.1050 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Tuesday, September 1st. Universal Logistics’s payout ratio is presently -22.83%.

Institutional Trading of Universal Logistics

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Universal Logistics during the second quarter valued at $8,082,000. Bank of New York Mellon Corp purchased a new position in Universal Logistics in the second quarter valued at about $2,770,000. Empowered Funds LLC acquired a new position in Universal Logistics in the 2nd quarter worth about $1,423,000. Quantinno Capital Management LP increased its position in Universal Logistics by 118.9% in the 1st 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 during the last quarter. Finally, Deutsche Bank AG purchased a new stake in shares of Universal Logistics during the 2nd quarter worth about $75,000. 25.50% of the stock is owned by institutional investors and hedge funds.

About Universal Logistics

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.