Universal Logistics (NASDAQ:ULH) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Universal Logistics Holdings, Inc. (NASDAQ:ULH) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $35.37 and traded as low as $25.99. Universal Logistics shares last traded at $26.63, with a volume of 58,485 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus lifted their price target on shares of Universal Logistics from $42.00 to $44.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd.

Universal Logistics Stock Up 4.1 %

The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.36 and a current ratio of 1.36. The firm’s 50-day moving average is $35.03 and its 200 day moving average is $41.80. The firm has a market capitalization of $712.95 million, a PE ratio of 5.48 and a beta of 0.96.

Universal Logistics (NASDAQ:ULH) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.77 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 last year, the company posted $0.81 EPS. As a group, research analysts forecast that Universal Logistics Holdings, Inc. will post 2.81 earnings per share for the current fiscal year.

Universal Logistics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Monday, March 3rd. Universal Logistics’s dividend payout ratio (DPR) is currently 8.50%.

Hedge Funds Weigh In On Universal Logistics

Several large investors have recently added to or reduced their stakes in ULH. KLP Kapitalforvaltning AS acquired a new stake in Universal Logistics in the fourth quarter worth $64,000. Wells Fargo & Company MN increased its stake in Universal Logistics by 31.0% in the 4th quarter. Wells Fargo & Company MN now owns 3,708 shares of the transportation company’s stock worth $170,000 after purchasing an additional 877 shares in the last quarter. SG Americas Securities LLC increased its stake in Universal Logistics by 15.6% in the 4th quarter. SG Americas Securities LLC now owns 3,831 shares of the transportation company’s stock worth $176,000 after purchasing an additional 516 shares in the last quarter. XTX Topco Ltd acquired a new stake in Universal Logistics during the 4th quarter worth about $218,000. Finally, Commonwealth Equity Services LLC acquired a new stake in Universal Logistics during the 4th quarter worth about $293,000. 25.50% of the stock is currently owned by institutional investors.

Universal Logistics Company Profile

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.