Universal Logistics (NASDAQ:ULH) Stock Price Down 5.3% – Here’s Why

Universal Logistics Holdings, Inc. (NASDAQ:ULH)’s share price dropped 5.3% during trading on Monday . The company traded as low as $20.20 and last traded at $20.3360. Approximately 7,707 shares changed hands during trading, a decline of 85% from the average daily volume of 50,615 shares. The stock had previously closed at $21.47.

Analyst Ratings Changes

A number of analysts have issued reports on ULH shares. Zacks Research raised Universal Logistics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 17th. Stifel Nicolaus cut their target price on shares of Universal Logistics from $18.00 to $17.00 and set a “hold” rating for the company in a report on Tuesday, December 16th. Weiss Ratings restated a “sell (d)” rating on shares of Universal Logistics in a research report on Friday, March 27th. Finally, Wall Street Zen raised shares of Universal Logistics from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Universal Logistics currently has an average rating of “Hold” and a consensus price target of $17.00.

Universal Logistics Stock Down 3.5%

The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.26. The company has a 50 day simple moving average of $17.38 and a two-hundred day simple moving average of $17.47. The company has a market capitalization of $545.97 million, a P/E ratio of -9.64 and a beta of 0.71.

Universal Logistics (NASDAQ:ULH) last announced its earnings results on Friday, March 13th. The transportation company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.19. The firm had revenue of $385.43 million during the quarter, compared to analysts’ expectations of $376.10 million. Universal Logistics had a positive return on equity of 4.13% and a negative net margin of 3.64%. As a group, equities analysts predict that Universal Logistics Holdings, Inc. will post 2.81 EPS for the current year.

Universal Logistics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 3rd. Stockholders of record on Monday, March 23rd were paid a $0.105 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.42 annualized dividend and a dividend yield of 2.0%. Universal Logistics’s dividend payout ratio is currently -19.53%.

Hedge Funds Weigh In On Universal Logistics

A number of large investors have recently made changes to their positions in the company. First Trust Advisors LP raised its position in Universal Logistics by 44.2% in the 2nd quarter. First Trust Advisors LP now owns 129,253 shares of the transportation company’s stock worth $3,280,000 after purchasing an additional 39,633 shares during the period. AQR Capital Management LLC purchased a new position in shares of Universal Logistics during the first quarter valued at approximately $789,000. Walleye Capital LLC bought a new position in shares of Universal Logistics during the fourth quarter valued at approximately $340,000. Royal Bank of Canada raised its holdings in shares of Universal Logistics by 208.2% in the fourth quarter. Royal Bank of Canada now owns 31,703 shares of the transportation company’s stock worth $482,000 after buying an additional 21,416 shares during the period. Finally, Millennium Management LLC bought a new stake in shares of Universal Logistics during the 4th quarter worth approximately $322,000. 25.50% of the stock is 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.