Universal Logistics (NASDAQ:ULH) Given Hold Rating at Stifel Nicolaus

Stifel Nicolaus reiterated their hold rating on shares of Universal Logistics (NASDAQ:ULH) in a research report released on Monday morning, MarketBeat Ratings reports. They currently have a $46.00 price objective on the transportation company’s stock, up from their prior price objective of $36.00.

Separately, StockNews.com raised Universal Logistics from a hold rating to a buy rating in a research note on Friday.

Universal Logistics Stock Performance

Shares of ULH opened at $45.35 on Monday. The firm has a market capitalization of $1.19 billion, a PE ratio of 9.90 and a beta of 1.08. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average price of $34.94 and a 200 day moving average price of $29.80. Universal Logistics has a 52-week low of $20.85 and a 52-week high of $48.63.

Universal Logistics (NASDAQ:ULH) last posted its quarterly earnings data on Thursday, February 15th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.10. Universal Logistics had a net margin of 7.02% and a return on equity of 23.60%. The business had revenue of $390.92 million during the quarter, compared to analysts’ expectations of $377.30 million. On average, sell-side analysts anticipate that Universal Logistics will post 3.65 earnings per share for the current fiscal year.

Universal Logistics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be paid a $0.105 dividend. The ex-dividend date is Monday, June 3rd. This represents a $0.42 annualized dividend and a dividend yield of 0.93%. Universal Logistics’s dividend payout ratio is currently 9.17%.

Institutional Trading of Universal Logistics

A number of large investors have recently added to or reduced their stakes in the business. FMR LLC boosted its position in shares of Universal Logistics by 16.3% in the 3rd quarter. FMR LLC now owns 2,115,321 shares of the transportation company’s stock valued at $53,264,000 after purchasing an additional 295,701 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of 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 period. Quadrature Capital Ltd acquired a new position in shares of Universal Logistics in the third quarter worth about $253,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Universal Logistics in the third quarter worth approximately $171,000. Finally, Scopus Asset Management L.P. raised its holdings in shares of Universal Logistics by 49.7% during the third quarter. Scopus Asset Management L.P. now owns 135,500 shares of the transportation company’s stock valued at $3,412,000 after acquiring an additional 45,000 shares during the period. 25.50% of the stock is currently owned by institutional investors.

Universal Logistics Company Profile

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.