Universal Logistics (NASDAQ:ULH) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Universal Logistics Holdings, Inc. (NASDAQ:ULH) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $15.74 and traded as high as $20.07. Universal Logistics shares last traded at $20.07, with a volume of 40,977 shares traded.

Analyst Ratings Changes

A number of brokerages recently issued reports on ULH. Zacks Research cut shares of Universal Logistics from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 15th. Stifel Nicolaus cut their target price on Universal Logistics from $17.00 to $15.00 and set a “hold” rating for the company in a research note on Wednesday, July 15th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Universal Logistics in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Sell” and a consensus price target of $15.00.

Universal Logistics Trading Up 9.2%

The business’s fifty day moving average price is $15.74 and its 200 day moving average price is $17.07. The company has a market cap of $529.25 million, a price-to-earnings ratio of -10.91 and a beta of 0.69. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.13 and a quick ratio of 1.13.

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 the consensus estimate of $0.13 by $0.03. The company had revenue of $379.32 million during the quarter, compared to analysts’ expectations of $380.40 million. Universal Logistics had a positive return on equity of 2.01% and a negative net margin of 3.16%. Research analysts anticipate that Universal Logistics Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.

Universal Logistics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Tuesday, September 1st. Universal Logistics’s dividend payout ratio (DPR) is presently -22.83%.

Institutional Investors Weigh In On Universal Logistics

Hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its holdings in shares of Universal Logistics by 102.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,428 shares of the transportation company’s stock worth $33,000 after buying an additional 722 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Universal Logistics by 104.4% in 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 in the last quarter. Archer Investment Corp acquired a new position in shares of Universal Logistics during the 1st quarter valued at $48,000. Tower Research Capital LLC TRC lifted its position in shares of Universal Logistics by 403.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,130 shares of the transportation company’s stock valued at $54,000 after acquiring an additional 1,707 shares during the period. Finally, Deutsche Bank AG bought a new position in Universal Logistics during the second quarter worth $75,000. 25.50% of the stock is currently owned by institutional investors.

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.