Universal Logistics Holdings, Inc. (NASDAQ:ULH) Stock to Pay Quarterly Dividend of $0.10

Universal Logistics Holdings, Inc. (NASDAQ:ULH) announced a quarterly dividend on Thursday, October 29th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $0.1050 per share by the transportation company on Wednesday, January 6th. This represents a $0.42 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, December 1st.

Universal Logistics has raised its dividend payment by an average of 0.1% per year over the last three years. Universal Logistics has a dividend payout ratio of 13.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Universal Logistics to earn $1.15 per share next year, which means the company should continue to be able to cover its $0.42 annual dividend with an expected future payout ratio of 36.5%.

Universal Logistics Stock Up 2.2%

ULH stock opened at $17.42 on Friday. The firm’s fifty day simple moving average is $17.72 and its 200-day simple moving average is $17.35. The company has a market capitalization of $459.33 million, a P/E ratio of -9.47 and a beta of 0.74. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.20 and a quick ratio of 1.20. Universal Logistics has a 12 month low of $11.73 and a 12 month high of $25.80.

Universal Logistics (NASDAQ:ULH) last issued its earnings results on Thursday, October 29th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.37. The firm had revenue of $394.05 million during the quarter, compared to analysts’ expectations of $390.00 million. Universal Logistics had a negative net margin of 3.16% and a positive return on equity of 1.99%. As a group, equities research analysts forecast that Universal Logistics will post 0.50 earnings per share for the current year.

Hedge Funds Weigh In On Universal Logistics

Large investors have recently made changes to their positions in the company. Empowered Funds LLC purchased a new stake in Universal Logistics during the second quarter worth $1,423,000. Bank of New York Mellon Corp acquired a new position in shares of Universal Logistics in the second quarter worth about $2,770,000. BlackRock Inc. acquired a new position in shares of Universal Logistics in the second quarter worth about $8,082,000. Deutsche Bank AG purchased a new stake in shares of Universal Logistics during the 2nd quarter worth about $75,000. Finally, Quantinno Capital Management LP boosted its stake in shares of Universal Logistics by 118.9% during the 1st quarter. Quantinno Capital Management LP now owns 37,766 shares of the transportation company’s stock worth $798,000 after acquiring an additional 20,511 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 services throughout the United States, Canada and Mexico. The company serves automotive, industrial, retail and other commercial customers with customized supply-chain solutions designed to move freight and support manufacturing and distribution operations.

Its services include contract logistics, dedicated transportation, truckload and intermodal transportation, freight brokerage, drayage, and value-added services.