Universal Logistics (ULH) Receives News Sentiment Score of 0.22
Media coverage about Universal Logistics (NASDAQ:ULH) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Universal Logistics earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the transportation company an impact score of 46.2643675061897 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Several analysts have issued reports on the stock. Stifel Nicolaus assumed coverage on shares of Universal Logistics in a research report on Tuesday, June 19th. They set a “hold” rating and a $27.00 price target for the company. Citigroup upped their price target on shares of Universal Logistics from $26.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, July 30th. BidaskClub upgraded shares of Universal Logistics from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 20th. ValuEngine upgraded shares of Universal Logistics from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 30th. Finally, Zacks Investment Research upgraded shares of Universal Logistics from a “hold” rating to a “strong-buy” rating and set a $41.00 price target for the company in a research report on Tuesday. Two analysts have rated the stock with a hold rating and three have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $36.33.
NASDAQ ULH traded up $0.20 during trading on Friday, hitting $36.50. 92,258 shares of the company’s stock traded hands, compared to its average volume of 132,766. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.14. Universal Logistics has a 12-month low of $14.76 and a 12-month high of $37.25. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 50.00 and a beta of 1.46.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 16th. Stockholders of record on Monday, August 6th were issued a dividend of $0.105 per share. The ex-dividend date was Friday, August 3rd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.15%. Universal Logistics’s dividend payout ratio is currently 57.53%.
In other news, CEO Jeff Rogers sold 7,500 shares of the stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $35.25, for a total transaction of $264,375.00. Following the completion of the sale, the chief executive officer now directly owns 41,000 shares in the company, valued at $1,445,250. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director H.E. Wolfe sold 10,065 shares of the stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $35.25, for a total transaction of $354,791.25. Following the sale, the director now owns 25,000 shares of the company’s stock, valued at $881,250. The disclosure for this sale can be found here. Corporate insiders own 71.00% 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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