Universal Logistics (NASDAQ:ULH) Stock Breaks Above 50 Day Moving Average – Here’s What Happened

Universal Logistics Holdings, Inc. (NASDAQ:ULH)’s stock price passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $17.78 and traded as high as $22.89. Universal Logistics shares last traded at $22.59, with a volume of 182,843 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Universal Logistics in a research note on Monday, September 21st. Zacks Research raised Universal Logistics from a “strong sell” rating to a “hold” rating in a research report on Monday, September 14th. Stifel Nicolaus decreased their price target on Universal Logistics from $17.00 to $15.00 and set a “hold” rating on the stock in a report on Wednesday, July 15th. Finally, Wall Street Zen raised Universal Logistics from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $15.00.

Universal Logistics Trading Up 29.7%

The company has a market capitalization of $595.70 million, a P/E ratio of 13.37 and a beta of 0.74. The stock has a 50 day moving average of $17.78 and a 200-day moving average of $17.38. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.06.

Universal Logistics (NASDAQ:ULH) last issued its quarterly earnings data on Thursday, October 29th. The transportation company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.37. Universal Logistics had a return on equity of 4.11% and a net margin of 2.92%. The firm had revenue of $394.05 million during the quarter, compared to analysts’ expectations of $390.00 million. On average, research analysts predict that Universal Logistics Holdings, Inc. will post 0.50 EPS for the current year.

Universal Logistics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 6th. Investors of record on Tuesday, December 1st will be issued a $0.1050 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Tuesday, December 1st. Universal Logistics’s payout ratio is presently -22.83%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Archer Investment Corp acquired a new position in shares of Universal Logistics during the 1st quarter valued at about $48,000. Deutsche Bank AG acquired a new stake in Universal Logistics in the 2nd quarter valued at approximately $75,000. Quantinno Capital Management LP grew its position in shares of Universal Logistics by 118.9% in the 1st quarter. Quantinno Capital Management LP now owns 37,766 shares of the transportation company’s stock valued at $798,000 after acquiring an additional 20,511 shares during the period. Empowered Funds LLC acquired a new stake in Universal Logistics during the 2nd quarter worth approximately $1,423,000. Finally, Bank of New York Mellon Corp acquired a new position in Universal Logistics in the second quarter valued at about $2,770,000. 25.50% of the stock is owned by institutional investors and hedge funds.

About Universal Logistics

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.