Universal Logistics (NASDAQ:ULH) Price Target Raised to $20.00
by Scott Moore · The Cerbat GemUniversal Logistics (NASDAQ:ULH – Free Report) had its price objective upped by Stifel Nicolaus from $17.00 to $20.00 in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has a hold rating on the transportation company’s stock.
A number of other analysts have also weighed in on ULH. Zacks Research upgraded shares of Universal Logistics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 17th. Weiss Ratings restated a “sell (d)” rating on shares of Universal Logistics in a report on Friday, March 27th. Finally, Wall Street Zen upgraded shares of Universal Logistics from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $20.00.
Check Out Our Latest Report on ULH
Universal Logistics Stock Down 2.6%
Shares of NASDAQ:ULH opened at $22.36 on Tuesday. The stock’s 50-day moving average price is $17.86 and its 200-day moving average price is $17.49. Universal Logistics has a 12-month low of $12.78 and a 12-month high of $30.76. The stock has a market capitalization of $589.19 million, a P/E ratio of -10.40 and a beta of 0.71. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.26.
Universal Logistics (NASDAQ:ULH – Get Free Report) last announced its quarterly earnings data on Friday, March 13th. The transportation company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.19. Universal Logistics had a positive return on equity of 4.13% and a negative net margin of 3.64%.The firm had revenue of $385.43 million for the quarter, compared to analysts’ expectations of $376.10 million. On average, equities analysts anticipate that Universal Logistics will post 2.81 earnings per share for the current year.
Universal Logistics Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, April 3rd. Investors of record on Monday, March 23rd were given a dividend of $0.105 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.42 annualized dividend and a dividend yield of 1.9%. Universal Logistics’s dividend payout ratio (DPR) is -19.53%.
Institutional Investors Weigh In On Universal Logistics
Several institutional investors and hedge funds have recently made changes to their positions in ULH. Geode Capital Management LLC grew its position in Universal Logistics by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 200,020 shares of the transportation company’s stock worth $3,039,000 after purchasing an additional 7,339 shares during the period. Empowered Funds LLC grew its position in Universal Logistics by 5.0% in the 1st quarter. Empowered Funds LLC now owns 108,268 shares of the transportation company’s stock worth $2,841,000 after purchasing an additional 5,136 shares during the period. AQR Capital Management LLC purchased a new position in shares of Universal Logistics during the 1st quarter worth $789,000. Millennium Management LLC purchased a new position in shares of Universal Logistics during the 4th quarter worth $322,000. Finally, Jane Street Group LLC boosted its stake in shares of Universal Logistics by 19.8% during the 4th quarter. Jane Street Group LLC now owns 15,110 shares of the transportation company’s stock worth $230,000 after acquiring an additional 2,501 shares during the last quarter. Institutional investors own 25.50% of the company’s stock.
About Universal Logistics
Universal Logistics Holdings, Inc is a diversified, asset-light third-party logistics provider offering transportation and supply chain solutions across North America and around the globe. Its service portfolio encompasses truckload, less-than-truckload, intermodal, and specialized freight services, supported by dedicated brokerage, warehousing, and distribution management capabilities.
Originally incorporated as Universal Truckload Services, Inc, the company has evolved beyond its core truckload heritage to a one-stop logistics platform.