Universal Logistics (NASDAQ:ULH) Shares Down 5.7% - Here's What Happened

Universal Logistics Holdings, Inc. (NASDAQ:ULH - Get Free Report)'s share price fell 5.7% on Monday . The company traded as low as $32.83 and last traded at $32.56. 24,156 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 42,740 shares. The stock had previously closed at $34.53.

Analysts Set New Price Targets

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

Universal Logistics Price Performance

The company has a market capitalization of $784.34 million, a P/E ratio of 6.02 and a beta of 0.90. The firm's fifty day moving average is $43.79 and its 200 day moving average is $43.82. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.36 and a current ratio of 1.36.

Universal Logistics (NASDAQ:ULH - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.16). Universal Logistics had a net margin of 7.04% and a return on equity of 21.37%. During the same quarter in the prior year, the company earned $0.81 EPS. As a group, analysts predict that Universal Logistics Holdings, Inc. will post 4.64 earnings per share for the current fiscal year.

Universal Logistics Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.42 dividend on an annualized basis and a yield of 1.41%. Universal Logistics's dividend payout ratio is currently 8.50%.

Institutional Trading of Universal Logistics

A number of large investors have recently modified their holdings of ULH. Rhumbline Advisers increased its holdings in Universal Logistics by 4.8% during the 4th quarter. Rhumbline Advisers now owns 10,353 shares of the transportation company's stock worth $476,000 after purchasing an additional 470 shares during the period. SG Americas Securities LLC increased its stake in shares of Universal Logistics by 15.6% during the fourth quarter. SG Americas Securities LLC now owns 3,831 shares of the transportation company's stock valued at $176,000 after buying an additional 516 shares during the period. Victory Capital Management Inc. increased its stake 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 buying an additional 643 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Universal Logistics by 31.0% in the fourth quarter. Wells Fargo & Company MN now owns 3,708 shares of the transportation company's stock valued at $170,000 after acquiring an additional 877 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Universal Logistics by 0.6% in the third quarter. State Street Corp now owns 147,251 shares of the transportation company's stock valued at $6,363,000 after acquiring an additional 911 shares in the last quarter. Hedge funds and other institutional investors own 25.50% of the company's stock.

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.