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

Universal Logistics Holdings, Inc. (NASDAQ:ULH)’s stock price 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 traded.

Analyst Ratings Changes

Several research analysts have issued reports on the company. StockNews.com downgraded Universal Logistics from a “buy” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus raised Universal Logistics from a “hold” rating to a “buy” rating and upped their price objective for the stock from $35.00 to $36.00 in a report on Wednesday, January 10th.

Universal Logistics Stock Performance

The stock has a 50 day moving average price of $34.27 and a two-hundred day moving average price of $29.11. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.58. The company has a market cap of $847.18 million, a price-to-earnings ratio of 9.10 and a beta of 1.08.

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

Universal Logistics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Friday, March 1st. Universal Logistics’s dividend payout ratio (DPR) is presently 11.86%.

Hedge Funds Weigh In On Universal Logistics

Large investors have recently added to or reduced their stakes in the company. Point72 Middle East FZE bought a new position in Universal Logistics during the 4th quarter worth about $30,000. Barclays PLC lifted its stake in Universal Logistics by 532.5% in the 4th quarter. Barclays PLC now owns 1,929 shares of the transportation company’s stock valued at $65,000 after purchasing an additional 1,624 shares during the last quarter. State of Wyoming lifted its stake in 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 purchasing an additional 396 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Universal Logistics by 82.5% in the 2nd quarter. Wells Fargo & Company MN now owns 2,709 shares of the transportation company’s stock valued at $78,000 after purchasing an additional 1,225 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in Universal Logistics by 268.5% during the fourth quarter. Legal & General Group Plc now owns 2,716 shares of the transportation company’s stock worth $91,000 after acquiring an additional 1,979 shares during the last quarter. Institutional investors 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.