Universal Logistics Holdings, Inc. (ULH) To Go Ex-Dividend on September 1st

Universal Logistics Holdings, Inc. (NASDAQ:ULH) announced a quarterly dividend on Friday, July 31st. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.105 per share by the transportation company on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, September 1st.

Universal Logistics has increased its dividend payment by an average of 0.1%annually over the last three years. Universal Logistics has a dividend payout ratio of 13.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Universal Logistics to earn $1.15 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 36.5%.

Universal Logistics Stock Up 3.1%

ULH stock opened at $19.52 on Friday. Universal Logistics has a 52 week low of $11.73 and a 52 week high of $27.24. 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 firm has a 50-day simple moving average of $16.50 and a 200-day simple moving average of $17.30. The stock has a market capitalization of $514.70 million, a P/E ratio of -10.61 and a beta of 0.69.

Universal Logistics (NASDAQ:ULH) last posted its quarterly earnings data on Friday, July 31st. The transportation company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. The company had revenue of $379.32 million for the quarter, compared to analysts’ expectations of $380.40 million. Universal Logistics had a positive return on equity of 1.99% and a negative net margin of 3.16%. Equities analysts forecast that Universal Logistics will post 0.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Universal Logistics

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC acquired a new position in shares of Universal Logistics during the second quarter worth $1,423,000. BlackRock Inc. purchased a new stake in Universal Logistics during the 2nd quarter worth about $8,082,000. Deutsche Bank AG acquired a new position in shares of Universal Logistics during the 2nd quarter worth about $75,000. Bank of New York Mellon Corp purchased a new position in shares of Universal Logistics in the 2nd quarter valued at about $2,770,000. Finally, Quantinno Capital Management LP raised its position in shares of Universal Logistics by 118.9% during the 1st quarter. Quantinno Capital Management LP now owns 37,766 shares of the transportation company’s stock worth $798,000 after acquiring an additional 20,511 shares in the last quarter. Hedge funds and other institutional investors own 25.50% of the company’s stock.

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.