Universal Logistics (NASDAQ:ULH) Shares Gap Down – Time to Sell?

Universal Logistics Holdings, Inc. (NASDAQ:ULH) shares gapped down prior to trading on Monday . The stock had previously closed at $24.82, but opened at $23.67. Universal Logistics shares last traded at $23.9150, with a volume of 30,244 shares trading hands.

Analyst Ratings Changes

Several research firms have recently weighed in on ULH. Weiss Ratings reissued a “sell (d)” rating on shares of Universal Logistics in a research report on Friday, March 27th. Wall Street Zen upgraded Universal Logistics from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Zacks Research upgraded Universal Logistics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 17th. Finally, Stifel Nicolaus upped their target price on Universal Logistics from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, April 7th. One equities 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. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $20.00.

Universal Logistics Stock Down 0.3%

The business has a 50-day simple moving average of $19.03 and a two-hundred day simple moving average of $17.42. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $622.02 million, a P/E ratio of -10.98 and a beta of 0.71.

Universal Logistics (NASDAQ:ULH) last announced its earnings results on Friday, March 13th. The transportation company reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.19. The company had revenue of $385.43 million for the quarter, compared to analysts’ expectations of $376.10 million. Universal Logistics had a positive return on equity of 4.13% and a negative net margin of 3.64%. Equities research analysts forecast that Universal Logistics Holdings, Inc. will post 1.06 earnings per share for the current fiscal year.

Universal Logistics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 3rd. Investors of record on Monday, March 23rd were issued a $0.105 dividend. The ex-dividend date was Monday, March 23rd. This represents a $0.42 annualized dividend and a yield of 1.8%. Universal Logistics’s dividend payout ratio (DPR) is currently -19.53%.

Hedge Funds Weigh In On Universal Logistics

Hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new position in Universal Logistics in the third quarter valued at about $31,000. BNP Paribas Financial Markets grew its stake in shares of Universal Logistics by 102.3% during the third quarter. BNP Paribas Financial Markets now owns 1,428 shares of the transportation company’s stock worth $33,000 after purchasing an additional 722 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Universal Logistics by 403.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,130 shares of the transportation company’s stock worth $54,000 after purchasing an additional 1,707 shares during the period. AlphaQuest LLC bought a new position in Universal Logistics during the third quarter worth about $102,000. Finally, Wells Fargo & Company MN boosted its holdings in Universal Logistics by 46.2% during the fourth quarter. Wells Fargo & Company MN now owns 7,579 shares of the transportation company’s stock worth $115,000 after buying an additional 2,396 shares during the last quarter. Institutional investors own 25.50% of the company’s stock.

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.