Universal Logistics (NASDAQ:ULH) Stock Crosses Below 50-Day Moving Average of $34.22

Universal Logistics Holdings, Inc. (NASDAQ:ULH) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $34.22 and traded as low as $32.28. Universal Logistics shares last traded at $32.88, with a volume of 23,450 shares.

Analyst Ratings Changes

Several analysts have weighed in on ULH shares. Stifel Nicolaus raised Universal Logistics from a “hold” rating to a “buy” rating and lifted their price objective for the company from $35.00 to $36.00 in a research report on Wednesday, January 10th. StockNews.com cut Universal Logistics from a “buy” rating to a “hold” rating in a research report on Wednesday.

Universal Logistics Stock Performance

The company has a 50-day simple moving average of $34.22 and a two-hundred day simple moving average of $29.06. 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 firm has a market capitalization of $865.07 million, a P/E ratio of 9.29 and a beta of 1.08.

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

Universal Logistics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were given a $0.105 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.28%. Universal Logistics’s dividend payout ratio is currently 11.86%.

Institutional Trading of Universal Logistics

A number of hedge funds have recently made changes to their positions in ULH. Quadrature Capital Ltd lifted its position in Universal Logistics by 8.3% in the 4th quarter. Quadrature Capital Ltd now owns 10,862 shares of the transportation company’s stock valued at $304,000 after acquiring an additional 834 shares in the last quarter. GSA Capital Partners LLP bought a new position in Universal Logistics in the 4th quarter valued at approximately $273,000. Barclays PLC lifted its position in Universal Logistics by 318.5% in the 4th quarter. Barclays PLC now owns 10,999 shares of the transportation company’s stock valued at $307,000 after acquiring an additional 8,371 shares in the last quarter. Nuveen Asset Management LLC lifted its position in Universal Logistics by 36.6% in the 4th quarter. Nuveen Asset Management LLC now owns 24,384 shares of the transportation company’s stock valued at $683,000 after acquiring an additional 6,537 shares in the last quarter. Finally, Bridgeway Capital Management LLC lifted its position in Universal Logistics by 3.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 191,535 shares of the transportation company’s stock valued at $5,367,000 after acquiring an additional 6,824 shares in the last quarter. 25.50% of the stock is owned by institutional investors.

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.