ValuEngine downgraded shares of Universal Logistics (NASDAQ:ULH) from a buy rating to a hold rating in a research note published on Friday morning.

Several other equities analysts have also recently weighed in on ULH. Zacks Investment Research upgraded Universal Logistics from a sell rating to a hold rating in a research note on Friday, August 11th. BidaskClub upgraded Universal Logistics from a hold rating to a buy rating in a research note on Friday, September 1st. Stifel Nicolaus reiterated a buy rating and set a $24.00 target price on shares of Universal Logistics in a research note on Sunday, October 1st. Finally, Citigroup lifted their target price on Universal Logistics from $14.00 to $22.00 and gave the stock a neutral rating in a research note on Friday, October 6th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $23.00.

Universal Logistics (ULH) opened at $23.55 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.10 and a current ratio of 1.10. Universal Logistics has a 52 week low of $11.65 and a 52 week high of $24.44. The firm has a market capitalization of $678.55, a price-to-earnings ratio of 39.18 and a beta of 1.57.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, November 6th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Friday, November 3rd. Universal Logistics’s payout ratio is 121.74%.

In other news, Director H.E. Wolfe sold 17,500 shares of Universal Logistics stock in a transaction on Sunday, November 5th. The stock was sold at an average price of $22.00, for a total transaction of $385,000.00. Following the sale, the director now directly owns 35,065 shares in the company, valued at approximately $771,430. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 71.00% of the company’s stock.

A number of institutional investors have recently made changes to their positions in ULH. Deprince Race & Zollo Inc. raised its stake in Universal Logistics by 458.6% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 496,871 shares of the transportation company’s stock valued at $7,453,000 after acquiring an additional 407,916 shares during the period. Boston Partners bought a new stake in Universal Logistics in the 3rd quarter valued at about $1,763,000. Zacks Investment Management bought a new stake in Universal Logistics in the 2nd quarter valued at about $979,000. Russell Investments Group Ltd. bought a new stake in Universal Logistics in the 3rd quarter valued at about $1,293,000. Finally, Dimensional Fund Advisors LP raised its stake in Universal Logistics by 5.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 442,594 shares of the transportation company’s stock valued at $9,051,000 after acquiring an additional 23,198 shares during the period. Institutional investors and hedge funds own 27.79% of the company’s stock.

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About Universal Logistics

Universal Logistics Holdings, Inc, formerly Universal Truckload Services, Inc, is an asset-light provider of customized transportation and logistics solutions across the United States, Mexico, Canada and Colombia. The Company operates through two segments: the transportation segment and the logistics segment.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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