Universal Logistics (NASDAQ:ULH) Stock Price Up 39.1% – What’s Next?

Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH) traded up 39.1% during mid-day trading on Monday. The company traded as high as $23.47 and last traded at $24.2390. 8,652 shares traded hands during trading, a decline of 86% from the average session volume of 59,769 shares. The stock had previously closed at $17.42.

Wall Street Analysts Forecast Growth

ULH has been the subject of several recent research reports. Weiss Ratings restated a “sell (d)” rating on shares of Universal Logistics in a research report on Monday, September 21st. Zacks Research upgraded shares of Universal Logistics from a “strong sell” rating to a “hold” rating in a report on Monday, September 14th. Stifel Nicolaus lowered their price objective on shares of Universal Logistics from $17.00 to $15.00 and set a “hold” rating on the stock in a report on Wednesday, July 15th. Finally, Wall Street Zen upgraded Universal Logistics from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Universal Logistics currently has an average rating of “Reduce” and a consensus target price of $15.00.

Universal Logistics Stock Performance

The business’s fifty day moving average price is $17.78 and its 200-day moving average price is $17.38. The stock has a market capitalization of $652.98 million, a PE ratio of 14.65 and a beta of 0.74. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.20 and a quick ratio of 1.20.

Universal Logistics (NASDAQ:ULH) last released its quarterly earnings results on Thursday, October 29th. The transportation company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.37. Universal Logistics had a net margin of 2.92% and a return on equity of 4.11%. The firm had revenue of $394.05 million for the quarter, compared to analysts’ expectations of $390.00 million. As a group, equities research analysts expect that Universal Logistics Holdings, Inc. will post 0.50 EPS for the current year.

Universal Logistics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 6th. Investors of record on Tuesday, December 1st will be issued a dividend of $0.1050 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, December 1st. Universal Logistics’s dividend payout ratio (DPR) is currently 24.85%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in Universal Logistics in the 2nd quarter worth approximately $8,082,000. Bank of New York Mellon Corp purchased a new position in shares of Universal Logistics in the 2nd quarter valued at approximately $2,770,000. Empowered Funds LLC purchased a new stake in shares of Universal Logistics in the 2nd quarter worth about $1,423,000. Quantinno Capital Management LP increased its stake in shares of Universal Logistics by 118.9% during the first quarter. Quantinno Capital Management LP now owns 37,766 shares of the transportation company’s stock valued at $798,000 after purchasing an additional 20,511 shares in the last quarter. Finally, Deutsche Bank AG purchased a new stake in shares of Universal Logistics in the second quarter worth $75,000. 25.50% of the stock is owned by institutional investors.

Universal Logistics Company Profile

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.