Universal Logistics (NASDAQ:ULH) Earns Buy Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Universal Logistics (NASDAQ:ULH – Get Rating) in a report released on Thursday. The firm issued a buy rating on the transportation company’s stock.

Universal Logistics Trading Down 3.4 %

Shares of NASDAQ ULH opened at $26.04 on Thursday. The stock’s 50 day simple moving average is $33.32 and its 200 day simple moving average is $34.16. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.79. The company has a market cap of $684.33 million, a price-to-earnings ratio of 4.09 and a beta of 1.23. Universal Logistics has a 12-month low of $17.72 and a 12-month high of $45.00.

Universal Logistics (NASDAQ:ULH – Get Rating) last issued its quarterly earnings results on Thursday, February 9th. The transportation company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.04). Universal Logistics had a net margin of 8.37% and a return on equity of 45.34%. The firm had revenue of $458.72 million for the quarter, compared to analyst estimates of $461.20 million. Equities research analysts expect that Universal Logistics will post 4.23 EPS for the current year.

Universal Logistics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Monday, March 6th will be given a $0.105 dividend. The ex-dividend date is Friday, March 3rd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.61%. Universal Logistics’s dividend payout ratio is currently 6.60%.

Institutional Trading of Universal Logistics

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Quadrature Capital Ltd bought a new stake in shares of Universal Logistics in the 3rd quarter valued at approximately $649,000. Jump Financial LLC bought a new stake in shares of Universal Logistics during the 3rd quarter valued at $404,000. New York State Common Retirement Fund raised its position in shares of Universal Logistics by 41.7% during the 3rd quarter. New York State Common Retirement Fund now owns 12,958 shares of the transportation company’s stock valued at $411,000 after acquiring an additional 3,811 shares during the last quarter. Denali Advisors LLC raised its position in shares of Universal Logistics by 166.3% during the 3rd quarter. Denali Advisors LLC now owns 22,900 shares of the transportation company’s stock valued at $726,000 after acquiring an additional 14,300 shares during the last quarter. Finally, Brandywine Global Investment Management LLC bought a new stake in shares of Universal Logistics in the 2nd quarter valued at $271,000. Institutional investors and hedge funds own 24.07% of the company’s stock.

Universal Logistics Company Profile

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Universal Logistics Holdings, Inc engages in the provision of customized transportation and logistics solutions. It operates through the following segments: Contract Logistics, Intermodal, Trucking, Company-Managed Brokerage, and Other. The Contract Logistics segment delivers value-added and/or dedicated transportation services to support inbound logistics to original equipment manufacturers and major retailers on a contractual basis, generally pursuant to terms of one year or longer.