Universal Logistics (NASDAQ:ULH) Hits New 12-Month Low – Here’s What Happened

Universal Logistics Holdings, Inc. (NASDAQ:ULH) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $26.04 and last traded at $26.12, with a volume of 51853 shares trading hands. The stock had previously closed at $27.20.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus increased their price objective on shares of Universal Logistics from $42.00 to $44.00 and gave the company a “hold” rating in a report on Thursday, January 23rd.

Universal Logistics Stock Down 4.0 %

The firm has a market capitalization of $687.43 million, a price-to-earnings ratio of 5.29 and a beta of 0.90. The business has a 50 day simple moving average of $39.18 and a 200-day simple moving average of $42.91. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.36 and a current ratio of 1.36.

Universal Logistics (NASDAQ:ULH) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.16). Universal Logistics had a net margin of 7.04% and a return on equity of 21.37%. During the same quarter in the previous year, the business posted $0.81 earnings per share. On average, equities analysts expect that Universal Logistics Holdings, Inc. will post 2.81 EPS for the current year.

Universal Logistics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Monday, March 3rd. Universal Logistics’s payout ratio is presently 8.50%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. increased its position in shares of Universal Logistics by 1.7% during the 3rd quarter. Victory Capital Management Inc. now owns 37,564 shares of the transportation company’s stock worth $1,619,000 after purchasing an additional 643 shares during the last quarter. Empowered Funds LLC boosted its stake in Universal Logistics by 5.3% during the third quarter. Empowered Funds LLC now owns 98,155 shares of the transportation company’s stock worth $4,231,000 after buying an additional 4,958 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Universal Logistics during the third quarter valued at about $358,000. Charles Schwab Investment Management Inc. raised its stake in shares of Universal Logistics by 3.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,124 shares of the transportation company’s stock valued at $2,463,000 after acquiring an additional 1,864 shares during the period. Finally, FMR LLC lifted its holdings in shares of Universal Logistics by 4.1% in the 3rd quarter. FMR LLC now owns 2,537,859 shares of the transportation company’s stock worth $109,407,000 after acquiring an additional 100,563 shares during the last quarter. 25.50% of the stock is currently owned by hedge funds and other institutional investors.

About Universal Logistics

Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. The company offers truckload services, which include dry van, flatbed, heavy-haul, and refrigerated operations; domestic and international freight forwarding, and customs brokerage services.