Universal Logistics (NASDAQ:ULH) Hits New 12-Month Low – Should You Sell?

Universal Logistics Holdings, Inc. (NASDAQ:ULH)’s share price reached a new 52-week low on Thursday . The stock traded as low as $27.80 and last traded at $28.14, with a volume of 9828 shares. The stock had previously closed at $29.24.

Wall Street Analyst Weigh In

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

Universal Logistics Stock Down 3.4 %

The company has a market capitalization of $743.48 million, a price-to-earnings ratio of 5.70 and a beta of 0.90. The firm has a 50-day moving average price of $42.33 and a two-hundred day moving average price of $43.53. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.36 and a quick ratio of 1.36.

Universal Logistics (NASDAQ:ULH) last issued its quarterly earnings results 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 period last year, the firm earned $0.81 EPS. As a group, sell-side analysts anticipate that Universal Logistics Holdings, Inc. will post 2.81 earnings per share for the current fiscal year.

Universal Logistics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be paid a $0.105 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.42 annualized dividend and a yield of 1.49%. Universal Logistics’s dividend payout ratio is 8.50%.

Hedge Funds Weigh In On Universal Logistics

Several institutional investors and hedge funds have recently modified their holdings of ULH. JPMorgan Chase & Co. increased its stake in shares of Universal Logistics by 126.3% during the third quarter. JPMorgan Chase & Co. now owns 17,854 shares of the transportation company’s stock worth $770,000 after purchasing an additional 9,966 shares during the period. FMR LLC increased its position in Universal Logistics by 4.1% during the 3rd quarter. FMR LLC now owns 2,537,859 shares of the transportation company’s stock worth $109,407,000 after buying an additional 100,563 shares during the period. Barclays PLC grew its stake in shares of Universal Logistics by 339.7% in the third quarter. Barclays PLC now owns 10,952 shares of the transportation company’s stock valued at $473,000 after acquiring an additional 8,461 shares in the last quarter. Victory Capital Management Inc. increased its position in Universal Logistics by 1.7% during the third quarter. Victory Capital Management Inc. now owns 37,564 shares of the transportation company’s stock worth $1,619,000 after acquiring an additional 643 shares during the period. Finally, State Street Corp raised its stake in Universal Logistics by 0.6% in the 3rd quarter. State Street Corp now owns 147,251 shares of the transportation company’s stock worth $6,363,000 after purchasing an additional 911 shares in the last quarter. 25.50% of the stock is currently owned by institutional investors and hedge funds.

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.