Universal Logistics (NASDAQ:ULH) Upgraded at ValuEngine

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ValuEngine upgraded shares of Universal Logistics (NASDAQ:ULH) from a sell rating to a hold rating in a report issued on Friday morning, ValuEngine reports.

ULH has been the topic of several other research reports. Loop Capital raised Universal Logistics from a hold rating to a buy rating in a research note on Tuesday, April 30th. Stifel Nicolaus raised Universal Logistics from a hold rating to a buy rating and dropped their price target for the company from $31.00 to $30.00 in a research note on Friday. Finally, BidaskClub downgraded Universal Logistics from a hold rating to a sell rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $31.00.

ULH opened at $20.16 on Friday. The firm has a 50-day moving average price of $21.50. Universal Logistics has a 1 year low of $17.40 and a 1 year high of $37.67. The firm has a market cap of $594.66 million, a P/E ratio of 9.69 and a beta of 2.12. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.04 and a quick ratio of 1.04.

Universal Logistics (NASDAQ:ULH) last released its quarterly earnings results on Thursday, July 25th. The transportation company reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.06). Universal Logistics had a net margin of 4.03% and a return on equity of 32.08%. The firm had revenue of $383.18 million during the quarter.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Monday, August 5th will be given a $0.105 dividend. The ex-dividend date is Friday, August 2nd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.08%. This is an increase from Universal Logistics’s previous quarterly dividend of $0.07. Universal Logistics’s payout ratio is currently 20.19%.

Several large investors have recently added to or reduced their stakes in ULH. BNP Paribas Arbitrage SA increased its position in shares of Universal Logistics by 57,566.7% in the first quarter. BNP Paribas Arbitrage SA now owns 1,730 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 1,727 shares during the last quarter. Globeflex Capital L P increased its position in shares of Universal Logistics by 16.6% in the first quarter. Globeflex Capital L P now owns 8,394 shares of the transportation company’s stock valued at $165,000 after acquiring an additional 1,194 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Universal Logistics in the first quarter valued at about $253,000. California Public Employees Retirement System increased its position in shares of Universal Logistics by 3.3% in the fourth quarter. California Public Employees Retirement System now owns 16,788 shares of the transportation company’s stock valued at $304,000 after acquiring an additional 530 shares during the last quarter. Finally, Squarepoint Ops LLC increased its position in shares of Universal Logistics by 49.1% in the fourth quarter. Squarepoint Ops LLC now owns 18,391 shares of the transportation company’s stock valued at $333,000 after acquiring an additional 6,056 shares during the last quarter. 28.04% of the stock is currently owned by institutional investors and hedge funds.

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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