Universal Logistics (NASDAQ:ULH) Sets New 52-Week High – What’s Next?

Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH) reached a new 52-week high during trading on Wednesday . The company traded as high as $51.43 and last traded at $50.65, with a volume of 9355 shares trading hands. The stock had previously closed at $45.66.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Universal Logistics from a “buy” rating to a “hold” rating in a research report on Monday, August 12th.

Universal Logistics Stock Performance

The stock has a market capitalization of $1.38 billion, a P/E ratio of 10.50 and a beta of 0.84. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average price of $42.93 and a two-hundred day moving average price of $42.28.

Universal Logistics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Monday, December 2nd. Universal Logistics’s payout ratio is 8.43%.

Institutional Trading of Universal Logistics

Several institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in shares of Universal Logistics by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 827,669 shares of the transportation company’s stock valued at $33,594,000 after acquiring an additional 14,720 shares in the last quarter. American Century Companies Inc. grew its position in Universal Logistics by 27.1% during the second quarter. American Century Companies Inc. now owns 170,640 shares of the transportation company’s stock valued at $6,926,000 after buying an additional 36,377 shares during the period. Empowered Funds LLC raised its position in Universal Logistics by 5.3% in the third quarter. Empowered Funds LLC now owns 98,155 shares of the transportation company’s stock worth $4,231,000 after acquiring an additional 4,958 shares during the period. Denali Advisors LLC boosted its stake in Universal Logistics by 33.6% in the second quarter. Denali Advisors LLC now owns 83,831 shares of the transportation company’s stock valued at $3,403,000 after acquiring an additional 21,100 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Universal Logistics by 6.6% during the 1st quarter. Russell Investments Group Ltd. now owns 69,552 shares of the transportation company’s stock valued at $2,564,000 after acquiring an additional 4,308 shares during the period. 25.50% of the stock is owned by hedge funds and other institutional investors.

Universal Logistics Company Profile

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.