Universal Logistics (NASDAQ:ULH) Sets New 1-Year Low - Here's Why

Universal Logistics Holdings, Inc. (NASDAQ:ULH - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $27.80 and last traded at $28.14, with a volume of 9828 shares. The stock had previously closed at $29.24.

Analysts Set New Price Targets

Separately, Stifel Nicolaus increased their target price on shares of Universal Logistics from $42.00 to $44.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd.

Universal Logistics Stock Performance

The firm has a market capitalization of $726.17 million, a P/E ratio of 5.59 and a beta of 0.90. The company's 50 day moving average is $41.92 and its 200-day moving average is $43.42. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.75.

Universal Logistics (NASDAQ:ULH - Get Free Report) last issued its earnings results on Thursday, February 6th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.16). Universal Logistics had a return on equity of 21.37% and a net margin of 7.04%. During the same quarter in the prior year, the business earned $0.81 EPS. As a group, equities analysts anticipate that Universal Logistics Holdings, Inc. will post 2.81 EPS for the current year.

Universal Logistics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Monday, March 3rd. Universal Logistics's dividend payout ratio (DPR) is 8.50%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in shares of Universal Logistics during the third quarter valued at about $143,000. Victory Capital Management Inc. lifted its position in shares of Universal Logistics by 1.7% during the third quarter. Victory Capital Management Inc. now owns 37,564 shares of the transportation company's stock valued at $1,619,000 after purchasing an additional 643 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Universal Logistics by 5.3% during the third quarter. Empowered Funds LLC now owns 98,155 shares of the transportation company's stock valued at $4,231,000 after purchasing an additional 4,958 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Universal Logistics during the third quarter valued at about $358,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Universal Logistics by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 57,124 shares of the transportation company's stock valued at $2,463,000 after purchasing an additional 1,864 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.