Stifel Nicolaus Cuts Universal Logistics (NASDAQ:ULH) Price Target to $15.00

Universal Logistics (NASDAQ:ULH) had its target price lowered by Stifel Nicolaus from $17.00 to $15.00 in a research report sent to investors on Wednesday morning, Marketbeat reports. The firm currently has a hold rating on the transportation company’s stock.

Several other equities research analysts have also recently commented on the company. Weiss Ratings restated a “sell (d)” rating on shares of Universal Logistics in a research note on Wednesday, June 24th. Zacks Research cut shares of Universal Logistics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Universal Logistics has a consensus rating of “Sell” and a consensus price target of $15.00.

Universal Logistics Stock Performance

ULH opened at $14.29 on Wednesday. The company has a market capitalization of $376.83 million, a price-to-earnings ratio of -5.69 and a beta of 0.68. The business’s 50-day moving average price is $15.08 and its two-hundred day moving average price is $17.10. Universal Logistics has a 1 year low of $11.73 and a 1 year high of $30.76. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.13 and a quick ratio of 1.13.

Universal Logistics (NASDAQ:ULH) last posted its quarterly earnings data on Friday, May 1st. The transportation company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.22). The firm had revenue of $367.57 million for the quarter, compared to analyst estimates of $372.30 million. Universal Logistics had a positive return on equity of 2.65% and a negative net margin of 4.29%. Equities analysts expect that Universal Logistics will post 0.45 EPS for the current fiscal year.

Universal Logistics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st were given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, June 1st. Universal Logistics’s dividend payout ratio (DPR) is -16.73%.

Institutional Investors Weigh In On Universal Logistics

A number of institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets lifted its stake in Universal Logistics by 102.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,428 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 722 shares during the last quarter. State of Alaska Department of Revenue increased its position in Universal Logistics by 104.4% during the fourth quarter. State of Alaska Department of Revenue now owns 2,765 shares of the transportation company’s stock worth $41,000 after buying an additional 1,412 shares during the last quarter. Archer Investment Corp acquired a new position in Universal Logistics during the first quarter worth approximately $48,000. Tower Research Capital LLC TRC raised its stake in Universal Logistics by 403.5% in 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 period. Finally, Wells Fargo & Company MN raised its stake in Universal Logistics by 46.2% in 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 period. 25.50% of the stock is owned by 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.