Universal Logistics (NASDAQ:ULH) Stock Price Down 3.2% - What's Next?

Universal Logistics Holdings, Inc. (NASDAQ:ULH - Get Free Report) shares were down 3.2% during mid-day trading on Friday . The stock traded as low as $44.20 and last traded at $44.20. Approximately 7,573 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 38,334 shares. The stock had previously closed at $45.64.

Analysts Set New Price Targets

Separately, StockNews.com cut Universal Logistics from a "buy" rating to a "hold" rating in a research note on Monday, August 12th.

Universal Logistics Stock Performance

The company has a market cap of $1.15 billion, a price-to-earnings ratio of 9.54 and a beta of 0.83. The firm has a 50-day simple moving average of $42.10 and a 200 day simple moving average of $41.35. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.66.

Universal Logistics (NASDAQ:ULH - Get Free Report) last released its earnings results on Thursday, July 25th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.03. The business had revenue of $462.16 million for the quarter, compared to analyst estimates of $461.60 million. Universal Logistics had a return on equity of 22.84% and a net margin of 7.23%. During the same quarter in the previous year, the company posted $0.90 earnings per share. On average, sell-side analysts predict that Universal Logistics Holdings, Inc. will post 5.25 earnings per share for the current fiscal year.

Universal Logistics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 2nd were issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Friday, August 30th. Universal Logistics's dividend payout ratio is presently 9.17%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in Universal Logistics during the third quarter worth $143,000. AQR Capital Management LLC boosted its position in Universal Logistics by 82.5% during the second quarter. AQR Capital Management LLC now owns 14,003 shares of the transportation company's stock worth $568,000 after purchasing an additional 6,332 shares in the last quarter. Denali Advisors LLC boosted its position in Universal Logistics by 33.6% during the second quarter. Denali Advisors LLC now owns 83,831 shares of the transportation company's stock worth $3,403,000 after purchasing an additional 21,100 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Universal Logistics during the second quarter worth $970,000. Finally, Dimensional Fund Advisors LP boosted its position in Universal Logistics by 1.8% during the second quarter. Dimensional Fund Advisors LP now owns 827,669 shares of the transportation company's stock worth $33,594,000 after purchasing an additional 14,720 shares in 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.