Universal Logistics (NASDAQ:ULH) Hits New 12-Month Low – Here’s Why

Universal Logistics Holdings, Inc. (NASDAQ:ULH) shares reached a new 52-week low on Tuesday . The company traded as low as $29.73 and last traded at $29.73, with a volume of 103094 shares traded. The stock had previously closed at $34.53.

Analysts Set New Price Targets

Separately, Stifel Nicolaus upped their target price on Universal Logistics from $42.00 to $44.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd.

Universal Logistics Trading Down 13.9 %

The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a market cap of $782.49 million, a P/E ratio of 6.02 and a beta of 0.90. The firm has a 50 day simple moving average of $45.42 and a 200 day simple moving average of $44.24.

Universal Logistics (NASDAQ:ULH) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.16). Universal Logistics had a net margin of 7.04% and a return on equity of 21.37%. During the same quarter in the previous year, the company earned $0.81 EPS. On average, equities research analysts predict that Universal Logistics Holdings, Inc. will post 4.64 EPS for the current fiscal year.

Universal Logistics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued a $0.105 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.42 dividend on an annualized basis and a yield of 1.41%. Universal Logistics’s dividend payout ratio is currently 8.50%.

Institutional Investors Weigh In On Universal Logistics

A number of hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC bought a new stake in shares of Universal Logistics during the third quarter worth $143,000. Commonwealth Equity Services LLC acquired a new position in shares of Universal Logistics in the 4th quarter valued at about $293,000. PDT Partners LLC purchased a new stake in Universal Logistics during the third quarter worth $301,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Universal Logistics during the 3rd quarter valued at approximately $358,000. Finally, Jane Street Group LLC increased its stake in Universal Logistics by 23.8% during the 3rd quarter. Jane Street Group LLC now owns 9,276 shares of the transportation company’s stock worth $400,000 after buying an additional 1,783 shares in the last quarter. Hedge funds and other institutional investors own 25.50% of the company’s stock.

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.