Universal Logistics (NASDAQ:ULH) Stock Price Down 4.8% – Here’s Why

Universal Logistics Holdings, Inc. (NASDAQ:ULH) shares traded down 4.8% on Tuesday . The company traded as low as $20.93 and last traded at $20.7980. 16,041 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 51,540 shares. The stock had previously closed at $21.84.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Universal Logistics in a research note on Friday, March 27th. Stifel Nicolaus increased their price objective on shares of Universal Logistics from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, April 7th. Zacks Research upgraded shares of Universal Logistics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 17th. Finally, Wall Street Zen upgraded shares of Universal Logistics from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $20.00.

Universal Logistics Stock Performance

The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market cap of $593.93 million, a PE ratio of -10.48 and a beta of 0.71. The company’s 50 day simple moving average is $18.16 and its 200 day simple moving average is $17.37.

Universal Logistics (NASDAQ:ULH) last released its earnings results on Friday, March 13th. The transportation company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.19. Universal Logistics had a negative net margin of 3.64% and a positive return on equity of 4.13%. The firm had revenue of $385.43 million during the quarter, compared to the consensus estimate of $376.10 million. Analysts expect that Universal Logistics Holdings, Inc. will post 2.81 earnings per share for the current year.

Universal Logistics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 3rd. Stockholders of record on Monday, March 23rd were given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, March 23rd. Universal Logistics’s dividend payout ratio is currently -19.53%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Millennium Management LLC bought a new position in shares of Universal Logistics during the 4th quarter valued at approximately $322,000. Royal Bank of Canada grew its position in shares of Universal Logistics by 208.2% during the 4th quarter. Royal Bank of Canada now owns 31,703 shares of the transportation company’s stock valued at $482,000 after acquiring an additional 21,416 shares during the period. Barclays PLC grew its position in shares of Universal Logistics by 10.7% during the 4th quarter. Barclays PLC now owns 10,557 shares of the transportation company’s stock valued at $160,000 after acquiring an additional 1,019 shares during the period. Walleye Capital LLC bought a new position in shares of Universal Logistics during the 4th quarter valued at approximately $340,000. Finally, Wells Fargo & Company MN grew its position in shares of Universal Logistics by 46.2% during the 4th quarter. Wells Fargo & Company MN now owns 7,579 shares of the transportation company’s stock valued at $115,000 after acquiring an additional 2,396 shares during the period. 25.50% of the stock is owned by institutional investors.

Universal Logistics Company Profile

Universal Logistics Holdings, Inc is a diversified, asset-light third-party logistics provider offering transportation and supply chain solutions across North America and around the globe. Its service portfolio encompasses truckload, less-than-truckload, intermodal, and specialized freight services, supported by dedicated brokerage, warehousing, and distribution management capabilities.

Originally incorporated as Universal Truckload Services, Inc, the company has evolved beyond its core truckload heritage to a one-stop logistics platform.