Universal Logistics Holdings Inc (NYSE:ULH) announced a dividend on Thursday, October 26th, Fidelity reports. Stockholders of record on Monday, November 6th will be paid a dividend of 0.07 per share by the transportation company on Thursday, November 16th. The ex-dividend date of this dividend is Friday, November 3rd.
Universal Logistics Holdings has a dividend payout ratio of 38.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Universal Logistics Holdings to earn $1.13 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 24.8%.
Shares of Universal Logistics Holdings (ULH) traded up 0.94% during midday trading on Friday, reaching $21.55. 34,555 shares of the company traded hands. The company has a 50 day moving average of $20.31 and a 200 day moving average of $15.88. The firm has a market capitalization of $612.93 million and a P/E ratio of 41.44. Universal Logistics Holdings has a 12 month low of $11.65 and a 12 month high of $22.44.
Universal Logistics Holdings (NYSE:ULH) last announced its earnings results on Thursday, July 27th. The transportation company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $305.20 million during the quarter, compared to the consensus estimate of $302.10 million. Universal Logistics Holdings had a net margin of 0.90% and a return on equity of 7.26%. On average, equities research analysts predict that Universal Logistics Holdings will post $0.56 earnings per share for the current fiscal year.
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An institutional investor recently raised its position in Universal Logistics Holdings stock. State Street Corp grew its holdings in shares of Universal Logistics Holdings Inc (NYSE:ULH) by 8.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 135,951 shares of the transportation company’s stock after purchasing an additional 10,263 shares during the period. State Street Corp owned 0.48% of Universal Logistics Holdings worth $2,044,000 as of its most recent SEC filing.
Several analysts recently issued reports on the stock. BidaskClub cut shares of Universal Logistics Holdings from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 18th. Citigroup Inc. upped their price target on shares of Universal Logistics Holdings from $14.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, October 6th. Zacks Investment Research raised shares of Universal Logistics Holdings from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Thursday, October 5th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $24.00 price target on shares of Universal Logistics Holdings in a report on Sunday, October 1st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $23.00.
Universal Logistics Holdings Company Profile
Universal Logistics Holdings, Inc, formerly Universal Truckload Services, Inc, is an asset-light provider of customized transportation and logistics solutions across the United States, Mexico, Canada and Colombia. The Company operates through two segments: the transportation segment and the logistics segment.
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