Universal Logistics (NASDAQ:ULH) Trading 4% Higher

Universal Logistics Holdings, Inc. (NASDAQ:ULH)’s share price shot up 4% on Monday . The stock traded as high as $40.78 and last traded at $40.78. 1,487 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 38,896 shares. The stock had previously closed at $39.20.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. StockNews.com raised shares of Universal Logistics from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $46.00 price objective (up from $36.00) on shares of Universal Logistics in a report on Monday, April 29th.

Universal Logistics Price Performance

The company has a debt-to-equity ratio of 0.58, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market cap of $1.06 billion, a P/E ratio of 8.76 and a beta of 0.87. The company’s 50-day moving average is $42.30 and its two-hundred day moving average is $35.46.

Universal Logistics (NASDAQ:ULH) last posted its quarterly earnings results on Thursday, April 25th. The transportation company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $1.26. Universal Logistics had a net margin of 7.02% and a return on equity of 22.78%. The business had revenue of $491.91 million for the quarter, compared to analyst estimates of $416.50 million. Sell-side analysts anticipate that Universal Logistics Holdings, Inc. will post 5.35 EPS for the current fiscal year.

Universal Logistics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be paid a $0.105 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.42 annualized dividend and a dividend yield of 1.05%. Universal Logistics’s payout ratio is 9.17%.

Institutional Trading of Universal Logistics

Several institutional investors and hedge funds have recently modified their holdings of the business. Exchange Traded Concepts LLC lifted its holdings in shares of Universal Logistics by 2.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 14,930 shares of the transportation company’s stock worth $418,000 after acquiring an additional 416 shares during the last quarter. Quadrature Capital Ltd lifted its stake in Universal Logistics by 8.3% in the 4th quarter. Quadrature Capital Ltd now owns 10,862 shares of the transportation company’s stock valued at $304,000 after purchasing an additional 834 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Universal Logistics by 77.7% in the first quarter. BNP Paribas Financial Markets now owns 3,347 shares of the transportation company’s stock valued at $123,000 after buying an additional 1,463 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Universal Logistics in the fourth quarter valued at approximately $110,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Universal Logistics by 6.6% during the first quarter. Russell Investments Group Ltd. now owns 69,552 shares of the transportation company’s stock worth $2,564,000 after buying an additional 4,308 shares during the last quarter. 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.