Universal Logistics (NASDAQ:ULH) Shares Cross Above 50 Day Moving Average – Time to Sell?

Universal Logistics Holdings, Inc. (NASDAQ:ULH) shares passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $17.78 and traded as high as $22.89. Universal Logistics shares last traded at $22.59, with a volume of 182,843 shares trading hands.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Zacks Research raised shares of Universal Logistics from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Universal Logistics in a research report on Monday, September 21st. Wall Street Zen upgraded Universal Logistics from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Stifel Nicolaus decreased their target price on Universal Logistics from $17.00 to $15.00 and set a “hold” rating for the company in a report on Wednesday, July 15th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $15.00.

Universal Logistics Price Performance

The company has a market capitalization of $595.70 million, a price-to-earnings ratio of 13.37 and a beta of 0.74. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.20 and a quick ratio of 1.20. The business has a fifty day moving average price of $17.78 and a 200 day moving average price of $17.38.

Universal Logistics (NASDAQ:ULH) last released its quarterly earnings results on Thursday, October 29th. The transportation company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.37. Universal Logistics had a net margin of 2.92% and a return on equity of 4.11%. The company had revenue of $394.05 million for the quarter, compared to the consensus estimate of $390.00 million. On average, research analysts expect that Universal Logistics Holdings, Inc. will post 0.50 earnings per share for the current fiscal year.

Universal Logistics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 6th. Investors of record on Tuesday, December 1st will be paid a dividend of $0.1050 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.42 annualized dividend and a yield of 1.9%. Universal Logistics’s dividend payout ratio (DPR) is currently -22.83%.

Institutional Trading of Universal Logistics

A number of hedge funds and other institutional investors have recently made changes to their positions in ULH. BlackRock Inc. acquired a new stake in shares of Universal Logistics during the 2nd quarter valued at $8,082,000. Bank of New York Mellon Corp acquired a new stake in Universal Logistics during the 2nd quarter worth about $2,770,000. Empowered Funds LLC purchased a new stake in Universal Logistics during the second quarter valued at about $1,423,000. Quantinno Capital Management LP lifted its position in shares of Universal Logistics by 118.9% in the 1st quarter. Quantinno Capital Management LP now owns 37,766 shares of the transportation company’s stock valued at $798,000 after acquiring an additional 20,511 shares in the last quarter. Finally, Deutsche Bank AG acquired a new stake in shares of Universal Logistics in the second quarter worth $75,000. 25.50% of the stock is currently owned by institutional investors.

Universal Logistics Company Profile

Universal Logistics Holdings, Inc provides transportation and logistics services throughout the United States, Canada and Mexico. The company serves automotive, industrial, retail and other commercial customers with customized supply-chain solutions designed to move freight and support manufacturing and distribution operations.

Its services include contract logistics, dedicated transportation, truckload and intermodal transportation, freight brokerage, drayage, and value-added services.