Universal Logistics Holdings Inc (NASDAQ:ULH) has been given a consensus recommendation of “Hold” by the six research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $32.67.
Several analysts recently issued reports on the company. ValuEngine upgraded Universal Logistics from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. BidaskClub raised Universal Logistics from a “strong sell” rating to a “sell” rating in a report on Thursday, April 4th. Finally, Loop Capital raised Universal Logistics from a “hold” rating to a “buy” rating in a report on Tuesday, April 30th.
Several institutional investors have recently bought and sold shares of ULH. Boston Partners raised its holdings in shares of Universal Logistics by 416.5% during the 4th quarter. Boston Partners now owns 263,400 shares of the transportation company’s stock worth $4,765,000 after buying an additional 212,400 shares in the last quarter. Morgan Stanley raised its holdings in shares of Universal Logistics by 404.8% during the 3rd quarter. Morgan Stanley now owns 204,964 shares of the transportation company’s stock worth $7,543,000 after buying an additional 164,361 shares in the last quarter. LSV Asset Management raised its holdings in shares of Universal Logistics by 153.3% during the 1st quarter. LSV Asset Management now owns 237,042 shares of the transportation company’s stock worth $4,664,000 after buying an additional 143,460 shares in the last quarter. Federated Investors Inc. PA raised its holdings in shares of Universal Logistics by 58,096.5% during the 3rd quarter. Federated Investors Inc. PA now owns 133,852 shares of the transportation company’s stock worth $4,926,000 after buying an additional 133,622 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings in shares of Universal Logistics by 252.1% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 97,895 shares of the transportation company’s stock worth $3,603,000 after buying an additional 70,088 shares in the last quarter. 28.95% of the stock is owned by institutional investors.
Universal Logistics (NASDAQ:ULH) last released its quarterly earnings results on Thursday, April 25th. The transportation company reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.05. The business had revenue of $377.41 million during the quarter. Universal Logistics had a return on equity of 31.70% and a net margin of 3.93%. On average, research analysts expect that Universal Logistics will post 2.12 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Monday, May 6th were issued a dividend of $0.105 per share. The ex-dividend date was Friday, May 3rd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.95%. Universal Logistics’s dividend payout ratio (DPR) is currently 20.19%.
About Universal Logistics
Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. It offers transportation services including dry van, flatbed, heavy haul, and refrigerated services; domestic and international freight forwarding and customs brokerage services; and final mile and ground expedite services.
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