Universal Logistics (NASDAQ:ULH) Share Price Crosses Below 50 Day Moving Average of $34.22

Universal Logistics Holdings, Inc. (NASDAQ:ULH)’s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $34.22 and traded as low as $32.28. Universal Logistics shares last traded at $32.88, with a volume of 23,450 shares traded.

Analysts Set New Price Targets

Several analysts have recently commented on the company. StockNews.com cut Universal Logistics from a “buy” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus raised Universal Logistics from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $35.00 to $36.00 in a report on Wednesday, January 10th.

Universal Logistics Stock Performance

The stock has a 50-day simple moving average of $34.27 and a 200-day simple moving average of $29.11. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market cap of $847.18 million, a PE ratio of 9.10 and a beta of 1.08.

Universal Logistics (NASDAQ:ULH) last issued its quarterly earnings data on Thursday, February 15th. The transportation company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.10. The company had revenue of $390.92 million for the quarter, compared to analysts’ expectations of $377.30 million. Universal Logistics had a return on equity of 18.58% and a net margin of 5.59%. Equities analysts predict that Universal Logistics Holdings, Inc. will post 3.65 earnings per share for the current fiscal year.

Universal Logistics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were paid a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Friday, March 1st. Universal Logistics’s dividend payout ratio (DPR) is 11.86%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Point72 Middle East FZE bought a new stake in Universal Logistics in the fourth quarter valued at about $30,000. State of Wyoming increased its holdings in Universal Logistics by 23.8% in the second quarter. State of Wyoming now owns 2,063 shares of the transportation company’s stock valued at $59,000 after buying an additional 396 shares during the last quarter. Barclays PLC increased its holdings in Universal Logistics by 532.5% in the fourth quarter. Barclays PLC now owns 1,929 shares of the transportation company’s stock valued at $65,000 after buying an additional 1,624 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Universal Logistics by 82.5% in the second quarter. Wells Fargo & Company MN now owns 2,709 shares of the transportation company’s stock valued at $78,000 after buying an additional 1,225 shares during the last quarter. Finally, Lazard Asset Management LLC increased its holdings in Universal Logistics by 20.0% in the second quarter. Lazard Asset Management LLC now owns 3,139 shares of the transportation company’s stock valued at $90,000 after buying an additional 523 shares during the last quarter. Institutional investors and hedge funds own 25.50% of the company’s stock.

About Universal Logistics

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.