BidaskClub downgraded shares of Universal Logistics (NASDAQ:ULH) from a sell rating to a strong sell rating in a research report report published on Wednesday morning.
A number of other research analysts also recently commented on ULH. Zacks Investment Research raised Universal Logistics from a hold rating to a strong-buy rating and set a $41.00 price target for the company in a research note on Tuesday, August 21st. Citigroup boosted their price target on Universal Logistics from $33.00 to $37.00 and gave the company a neutral rating in a research note on Tuesday, October 16th. Loop Capital started coverage on Universal Logistics in a research note on Wednesday, October 17th. They issued a hold rating and a $35.00 price target for the company. Finally, ValuEngine downgraded Universal Logistics from a buy rating to a hold rating in a research note on Monday, October 29th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the stock. Universal Logistics presently has a consensus rating of Hold and a consensus price target of $35.25.
ULH opened at $21.09 on Wednesday. The firm has a market cap of $606.86 million, a PE ratio of 28.89 and a beta of 1.69. Universal Logistics has a fifty-two week low of $20.38 and a fifty-two week high of $37.67. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.02 and a quick ratio of 1.02.
Universal Logistics (NASDAQ:ULH) last posted its quarterly earnings results on Thursday, October 25th. The transportation company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.01. The business had revenue of $374.29 million during the quarter, compared to the consensus estimate of $341.00 million. Universal Logistics had a return on equity of 26.53% and a net margin of 4.86%.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Monday, November 5th were paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Friday, November 2nd. This is an increase from Universal Logistics’s previous quarterly dividend of $0.07. Universal Logistics’s payout ratio is 57.53%.
Institutional investors have recently added to or reduced their stakes in the business. Ibex Investors LLC bought a new position in Universal Logistics in the third quarter valued at about $209,000. Bank of Montreal Can acquired a new position in shares of Universal Logistics in the second quarter worth approximately $155,000. MetLife Investment Advisors LLC acquired a new position in shares of Universal Logistics in the third quarter worth approximately $231,000. Alliancebernstein L.P. acquired a new position in shares of Universal Logistics in the third quarter worth approximately $236,000. Finally, Globeflex Capital L P acquired a new position in shares of Universal Logistics in the third quarter worth approximately $265,000. Hedge funds and other institutional investors own 26.84% of the company’s stock.
About Universal Logistics
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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