TheStreet downgraded shares of Universal Logistics (NASDAQ:ULH) from a b- rating to a c+ rating in a research note published on Monday, TheStreetRatingsTable reports.
A number of other research analysts also recently issued reports on the stock. BidaskClub downgraded shares of Universal Logistics from a buy rating to a hold rating in a research report on Thursday, December 5th. ValuEngine lowered shares of Universal Logistics from a hold rating to a sell rating in a report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $26.00.
Universal Logistics stock opened at $19.44 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.94. The firm has a market cap of $523.82 million, a P/E ratio of 9.35 and a beta of 2.06. The business has a fifty day moving average of $19.77 and a two-hundred day moving average of $21.18. Universal Logistics has a twelve month low of $17.40 and a twelve month high of $27.49.
Universal Logistics (NASDAQ:ULH) last released its quarterly earnings results on Thursday, October 24th. The transportation company reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.15). The company had revenue of $375.49 million during the quarter, compared to the consensus estimate of $387.60 million. Universal Logistics had a return on equity of 29.93% and a net margin of 2.49%. Equities analysts expect that Universal Logistics will post 2.05 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Friday, November 29th. Universal Logistics’s dividend payout ratio (DPR) is presently 20.19%.
Several institutional investors have recently made changes to their positions in ULH. Squarepoint Ops LLC raised its holdings in shares of Universal Logistics by 21.7% in the third quarter. Squarepoint Ops LLC now owns 57,241 shares of the transportation company’s stock worth $1,333,000 after buying an additional 10,195 shares during the last quarter. Zebra Capital Management LLC increased its holdings in Universal Logistics by 33.7% in the 3rd quarter. Zebra Capital Management LLC now owns 17,735 shares of the transportation company’s stock worth $413,000 after buying an additional 4,471 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Universal Logistics during the 3rd quarter worth approximately $400,000. State Street Corp raised its position in Universal Logistics by 1.1% during the 3rd quarter. State Street Corp now owns 147,821 shares of the transportation company’s stock worth $3,457,000 after buying an additional 1,655 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Universal Logistics by 25.5% during the 3rd quarter. First Trust Advisors LP now owns 19,009 shares of the transportation company’s stock valued at $443,000 after acquiring an additional 3,866 shares during the period. 27.20% of the stock is owned by hedge funds and other institutional investors.
Universal Logistics Company Profile
Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. It offers transportation services including dry van, flatbed, heavy haul, and refrigerated services; domestic and international freight forwarding and customs brokerage services; and final mile and ground expedite services.
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