Universal Logistics (NASDAQ:ULH) Downgraded to “Hold” at StockNews.com

StockNews.com lowered shares of Universal Logistics (NASDAQ:ULH) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

Separately, Stifel Nicolaus upgraded Universal Logistics from a hold rating to a buy rating and lifted their target price for the stock from $35.00 to $36.00 in a report on Wednesday, January 10th.

Universal Logistics Trading Up 3.0 %

NASDAQ:ULH opened at $37.24 on Wednesday. Universal Logistics has a 1 year low of $20.85 and a 1 year high of $38.50. The business has a fifty day moving average of $32.88 and a 200-day moving average of $28.10. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a market cap of $979.78 million, a price-to-earnings ratio of 10.52 and a beta of 1.07.

Universal Logistics (NASDAQ:ULH) last released its earnings results on Thursday, February 15th. The transportation company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.71 by $0.10. The firm had revenue of $390.92 million for the quarter, compared to analysts’ expectations of $377.30 million. Universal Logistics had a net margin of 5.59% and a return on equity of 18.58%. Equities analysts predict that Universal Logistics will post 3.65 earnings per share for the current year.

Universal Logistics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 4th will be issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Friday, March 1st. Universal Logistics’s dividend payout ratio is currently 11.86%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in shares of Universal Logistics by 8.4% during the second quarter. JPMorgan Chase & Co. now owns 3,898 shares of the transportation company’s stock worth $106,000 after acquiring an additional 302 shares in the last quarter. UBS Group AG raised its stake in shares of Universal Logistics by 5.4% during the 3rd quarter. UBS Group AG now owns 7,291 shares of the transportation company’s stock worth $231,000 after purchasing an additional 375 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Universal Logistics by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 50,633 shares of the transportation company’s stock valued at $1,693,000 after buying an additional 383 shares during the last quarter. State of Wyoming grew its stake in shares of Universal Logistics by 23.8% in the 2nd quarter. State of Wyoming now owns 2,063 shares of the transportation company’s stock valued at $59,000 after buying an additional 396 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in Universal Logistics by 2.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 14,930 shares of the transportation company’s stock worth $418,000 after buying an additional 416 shares during the last quarter. Institutional investors and hedge funds own 25.50% of the company’s stock.

About Universal Logistics

Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. The company offers truckload services, which include dry van, flatbed, heavy-haul, and refrigerated operations; domestic and international freight forwarding, and customs brokerage services.