Universal Logistics (NASDAQ:ULH) Stock Price Crosses Below Fifty Day Moving Average - Here's Why

Universal Logistics Holdings, Inc. (NASDAQ:ULH - Get Free Report)'s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $47.58 and traded as low as $43.64. Universal Logistics shares last traded at $44.17, with a volume of 21,098 shares changing hands.

Universal Logistics Trading Down 0.1 %

The business's 50 day moving average price is $47.44 and its 200-day moving average price is $43.96. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 8.86 and a beta of 0.92. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Monday, December 2nd. Universal Logistics's dividend payout ratio is 8.43%.

Institutional Investors Weigh In On Universal Logistics

Several large investors have recently modified their holdings of ULH. FMR LLC lifted its position in shares of Universal Logistics by 4.1% during the 3rd quarter. FMR LLC now owns 2,537,859 shares of the transportation company's stock worth $109,407,000 after buying an additional 100,563 shares during the period. American Century Companies Inc. grew its holdings in shares of Universal Logistics by 27.1% in the 2nd quarter. American Century Companies Inc. now owns 170,640 shares of the transportation company's stock worth $6,926,000 after purchasing an additional 36,377 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Universal Logistics by 339.1% during the 2nd quarter. Victory Capital Management Inc. now owns 36,921 shares of the transportation company's stock worth $1,499,000 after purchasing an additional 28,513 shares in the last quarter. Renaissance Technologies LLC bought a new position in Universal Logistics during the 2nd quarter valued at about $970,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Universal Logistics by 1.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 827,669 shares of the transportation company's stock valued at $33,594,000 after purchasing an additional 14,720 shares during the last quarter. 25.50% of the stock is currently owned by institutional investors.

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.