Universal Logistics (NASDAQ:ULH) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Universal Logistics Holdings, Inc. (NASDAQ:ULH) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $18.19 and traded as low as $16.84. Universal Logistics shares last traded at $17.07, with a volume of 43,331 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ULH. Wall Street Zen raised shares of Universal Logistics from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings reissued a “sell (d)” rating on shares of Universal Logistics in a research report on Friday, March 27th. Stifel Nicolaus dropped their price target on shares of Universal Logistics from $20.00 to $17.00 and set a “hold” rating on the stock in a research report on Tuesday, May 5th. Finally, Zacks Research lowered shares of Universal Logistics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $17.00.

Universal Logistics Stock Performance

The firm’s 50 day moving average price is $18.19 and its 200-day moving average price is $17.29. The firm has a market cap of $450.14 million, a price-to-earnings ratio of -6.80 and a beta of 0.67. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.13 and a quick ratio of 1.13.

Universal Logistics (NASDAQ:ULH) last posted its quarterly earnings results on Friday, May 1st. The transportation company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.22). Universal Logistics had a positive return on equity of 2.65% and a negative net margin of 4.29%.The business had revenue of $367.58 million for the quarter, compared to analyst estimates of $372.30 million. On average, analysts anticipate that Universal Logistics Holdings, Inc. will post 0.55 earnings per share for the current year.

Universal Logistics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be paid a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, June 1st. Universal Logistics’s payout ratio is currently -16.73%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its holdings in Universal Logistics by 102.3% during the 3rd 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 last quarter. Barclays PLC raised its holdings in Universal Logistics by 10.7% during the 4th quarter. Barclays PLC now owns 10,557 shares of the transportation company’s stock worth $160,000 after purchasing an additional 1,019 shares during the last quarter. Lazard Asset Management LLC raised its holdings in Universal Logistics by 7.1% during the 2nd quarter. Lazard Asset Management LLC now owns 20,569 shares of the transportation company’s stock worth $520,000 after purchasing an additional 1,361 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in Universal Logistics by 104.4% during the 4th quarter. State of Alaska Department of Revenue now owns 2,765 shares of the transportation company’s stock worth $41,000 after purchasing an additional 1,412 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in Universal Logistics by 403.5% during the 2nd 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 last quarter. 25.50% of the stock is owned by institutional investors.

About Universal Logistics

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.