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ValuEngine lowered shares of Universal Logistics (NASDAQ:ULH) from a hold rating to a sell rating in a report released on Friday, March 1st.
A number of other brokerages have also recently commented on ULH. BidaskClub raised Universal Logistics from a sell rating to a hold rating in a report on Wednesday, February 20th. Citigroup dropped their price target on Universal Logistics to $22.00 and set a neutral rating for the company in a research report on Tuesday, January 15th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the stock. Universal Logistics currently has a consensus rating of Hold and an average target price of $32.25.
NASDAQ ULH traded up $0.21 during trading hours on Friday, reaching $19.54. The company’s stock had a trading volume of 44,200 shares, compared to its average volume of 51,834. The stock has a market capitalization of $548.59 million, a price-to-earnings ratio of 9.39 and a beta of 1.92. Universal Logistics has a 1-year low of $17.40 and a 1-year high of $37.67. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.67.
Universal Logistics (NASDAQ:ULH) last released its quarterly earnings results on Thursday, February 21st. The transportation company reported $0.55 earnings per share for the quarter. The company had revenue of $386.38 million during the quarter. Universal Logistics had a return on equity of 29.87% and a net margin of 3.57%. Equities analysts predict that Universal Logistics will post 2.12 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Monday, March 4th were given a $0.105 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.42 annualized dividend and a yield of 2.15%. Universal Logistics’s payout ratio is 20.19%.
Institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its stake in Universal Logistics by 14.6% during the third quarter. BlackRock Inc. now owns 1,168,350 shares of the transportation company’s stock worth $42,995,000 after purchasing an additional 148,462 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Universal Logistics by 8.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 609,609 shares of the transportation company’s stock valued at $11,028,000 after acquiring an additional 46,685 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Universal Logistics by 4.2% in the third quarter. Vanguard Group Inc. now owns 356,564 shares of the transportation company’s stock valued at $13,121,000 after acquiring an additional 14,525 shares in the last quarter. Vanguard Group Inc raised its stake in shares of Universal Logistics by 4.2% in the third quarter. Vanguard Group Inc now owns 356,564 shares of the transportation company’s stock valued at $13,121,000 after acquiring an additional 14,525 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Universal Logistics by 48.4% in the third quarter. Renaissance Technologies LLC now owns 346,480 shares of the transportation company’s stock valued at $12,750,000 after acquiring an additional 112,930 shares in the last quarter. Institutional investors own 28.44% of the company’s stock.
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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