Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH - Get Free Report) shot up 1.6% during mid-day trading on Friday . The stock traded as high as $24.47 and last traded at $24.41. 13,294 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 47,473 shares. The stock had previously closed at $24.03.
Analysts Set New Price Targets
Separately, Stifel Nicolaus increased their price target on Universal Logistics from $42.00 to $44.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd.
Check Out Our Latest Stock Report on Universal Logistics
Universal Logistics Stock Performance
The stock has a market capitalization of $701.87 million, a price-to-earnings ratio of 5.40 and a beta of 0.92. The company has a 50 day simple moving average of $29.24 and a 200-day simple moving average of $40.04. 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 released its earnings results on Thursday, February 6th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 last year, the company posted $0.81 EPS. As a group, equities research analysts expect that Universal Logistics Holdings, Inc. will post 2.81 EPS for the current fiscal year.
Universal Logistics Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were given a dividend of $0.105 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.57%. Universal Logistics's dividend payout ratio (DPR) is presently 8.50%.
Institutional Trading of Universal Logistics
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in Universal Logistics by 15.2% in the fourth quarter. FMR LLC now owns 2,924,397 shares of the transportation company's stock worth $134,347,000 after acquiring an additional 386,538 shares in the last quarter. First Trust Advisors LP bought a new position in shares of Universal Logistics in the 4th quarter worth $4,437,000. Invesco Ltd. grew its position in Universal Logistics by 551.2% in the 4th quarter. Invesco Ltd. now owns 96,054 shares of the transportation company's stock valued at $4,413,000 after purchasing an additional 81,304 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Universal Logistics during the 4th quarter valued at $1,734,000. Finally, American Century Companies Inc. increased its stake in Universal Logistics by 10.2% during the 4th quarter. American Century Companies Inc. now owns 231,617 shares of the transportation company's stock valued at $10,640,000 after purchasing an additional 21,516 shares in the last quarter. 25.50% of the stock is owned by institutional investors.
About Universal Logistics
(
Get Free Report)
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.
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