ValuEngine upgraded shares of Universal Logistics (NASDAQ:ULH) from a strong sell rating to a sell rating in a research report released on Tuesday morning, ValuEngine reports.

A number of other research analysts also recently issued reports on ULH. Stifel Nicolaus upgraded Universal Logistics from a hold rating to a buy rating and reduced their price target for the company from $31.00 to $30.00 in a report on Friday, August 2nd. BidaskClub upgraded Universal Logistics from a sell rating to a hold rating in a report on Saturday, August 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $27.67.

ULH opened at $24.47 on Tuesday. The company has a market cap of $735.99 million, a P/E ratio of 11.76 and a beta of 2.10. The business’s 50-day moving average price is $21.03 and its 200-day moving average price is $21.16. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.56. Universal Logistics has a 12 month low of $17.40 and a 12 month high of $37.45.

Universal Logistics (NASDAQ:ULH) last released its quarterly earnings data on Thursday, July 25th. The transportation company reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.06). The company had revenue of $383.18 million during the quarter. Universal Logistics had a return on equity of 31.13% and a net margin of 4.03%. Equities research analysts forecast that Universal Logistics will post 2.55 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 2nd will be issued a dividend of $0.105 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $0.42 dividend on an annualized basis and a yield of 1.72%. Universal Logistics’s dividend payout ratio is presently 20.19%.

A number of large investors have recently made changes to their positions in ULH. Dimensional Fund Advisors LP increased its holdings in Universal Logistics by 8.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 609,609 shares of the transportation company’s stock valued at $11,028,000 after purchasing an additional 46,685 shares during the period. BNP Paribas Arbitrage SA increased its holdings in Universal Logistics by 57,566.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,730 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 1,727 shares during the period. Janney Montgomery Scott LLC increased its holdings in Universal Logistics by 81.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 18,907 shares of the transportation company’s stock valued at $372,000 after purchasing an additional 8,481 shares during the period. Victory Capital Management Inc. bought a new stake in Universal Logistics during the 1st quarter valued at approximately $253,000. Finally, IndexIQ Advisors LLC bought a new stake in Universal Logistics during the 1st quarter valued at approximately $696,000. Institutional investors own 27.78% 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. It offers transportation services including dry van, flatbed, heavy haul, and refrigerated services; domestic and international freight forwarding and customs brokerage services; and final mile and ground expedite services.

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