Universal Logistics (NASDAQ:ULH) Trading Down 5.3% – Should You Sell?

Universal Logistics Holdings, Inc. (NASDAQ:ULH) shares traded down 5.3% during mid-day trading on Monday . The company traded as low as $20.20 and last traded at $20.3360. 7,707 shares were traded during mid-day trading, a decline of 85% from the average session volume of 50,615 shares. The stock had previously closed at $21.47.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Wall Street Zen raised Universal Logistics from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Stifel Nicolaus increased their target price on Universal Logistics from $17.00 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday. Zacks Research raised Universal Logistics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 17th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Universal Logistics in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $20.00.

Universal Logistics Stock Performance

The stock has a market capitalization of $590.64 million, a PE ratio of -10.43 and a beta of 0.71. The business has a 50 day moving average price of $17.58 and a 200 day moving average price of $17.42. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.20 and a quick ratio of 1.20.

Universal Logistics (NASDAQ:ULH) last released its earnings results on Friday, March 13th. The transportation company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.19. Universal Logistics had a positive return on equity of 4.13% and a negative net margin of 3.64%.The firm had revenue of $385.43 million for the quarter, compared to analysts’ expectations of $376.10 million. As a group, equities research analysts expect that Universal Logistics Holdings, Inc. will post 2.81 earnings per share for the current year.

Universal Logistics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 3rd. Investors of record on Monday, March 23rd were given a dividend of $0.105 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.42 annualized dividend and a dividend yield of 1.9%. Universal Logistics’s dividend payout ratio (DPR) is -19.53%.

Institutional Investors Weigh In On Universal Logistics

Institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue purchased a new stake in shares of Universal Logistics during the third quarter valued at $31,000. BNP Paribas Financial Markets boosted its position in shares of Universal Logistics by 102.3% during the third quarter. BNP Paribas Financial Markets now owns 1,428 shares of the transportation company’s stock valued at $33,000 after buying an additional 722 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Universal Logistics by 403.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,130 shares of the transportation company’s stock valued at $54,000 after buying an additional 1,707 shares during the last quarter. AlphaQuest LLC purchased a new stake in shares of Universal Logistics during the third quarter valued at $102,000. Finally, Wells Fargo & Company MN boosted its position in shares of Universal Logistics by 46.2% during the fourth quarter. Wells Fargo & Company MN now owns 7,579 shares of the transportation company’s stock valued at $115,000 after buying an additional 2,396 shares during the last quarter. 25.50% of the stock is owned by hedge funds and other institutional investors.

About Universal Logistics

Universal Logistics Holdings, Inc is a diversified, asset-light third-party logistics provider offering transportation and supply chain solutions across North America and around the globe. Its service portfolio encompasses truckload, less-than-truckload, intermodal, and specialized freight services, supported by dedicated brokerage, warehousing, and distribution management capabilities.

Originally incorporated as Universal Truckload Services, Inc, the company has evolved beyond its core truckload heritage to a one-stop logistics platform.