Universal Logistics Holdings Inc (ULH) Raised to “Strong-Buy” at BidaskClub
BidaskClub upgraded shares of Universal Logistics Holdings Inc (NYSE:ULH) from a buy rating to a strong-buy rating in a report issued on Tuesday.
A number of other research analysts have also weighed in on the company. Zacks Investment Research lowered Universal Logistics Holdings from a hold rating to a sell rating in a report on Tuesday, August 29th. Stifel Nicolaus raised Universal Logistics Holdings from a hold rating to a buy rating and set a $17.00 price objective on the stock in a report on Monday, July 31st.
Shares of Universal Logistics Holdings (ULH) opened at 18.15 on Tuesday. Universal Logistics Holdings has a 1-year low of $11.09 and a 1-year high of $18.40. The firm has a market cap of $516.22 million and a PE ratio of 34.90. The company has a 50-day moving average of $15.46 and a 200-day moving average of $14.33.
Universal Logistics Holdings (NYSE:ULH) last announced its quarterly earnings data on Thursday, July 27th. The transportation company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.01. Universal Logistics Holdings had a return on equity of 7.26% and a net margin of 0.90%. The firm had revenue of $305.20 million for the quarter, compared to analyst estimates of $302.10 million. Analysts predict that Universal Logistics Holdings will post $0.70 earnings per share for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 7th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend was Thursday, August 3rd.
Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in Universal Logistics Holdings in the first quarter valued at $134,000. Teachers Advisors LLC grew its holdings in Universal Logistics Holdings by 10.2% in the second quarter. Teachers Advisors LLC now owns 12,660 shares of the transportation company’s stock valued at $190,000 after purchasing an additional 1,169 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in Universal Logistics Holdings in the first quarter valued at $225,000. Schwab Charles Investment Management Inc. grew its holdings in Universal Logistics Holdings by 47.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 31,477 shares of the transportation company’s stock valued at $473,000 after purchasing an additional 10,129 shares during the last quarter. Finally, Zacks Investment Management acquired a new stake in Universal Logistics Holdings in the second quarter valued at $979,000.
About Universal Logistics Holdings
Universal Logistics Holdings, Inc, formerly Universal Truckload Services, Inc, is an asset-light provider of customized transportation and logistics solutions across the United States, Mexico, Canada and Colombia. The Company operates through two segments: the transportation segment and the logistics segment.
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