Universal Logistics (NASDAQ:ULH) Rating Lowered to Sell at ValuEngine

ValuEngine downgraded shares of Universal Logistics (NASDAQ:ULH) from a hold rating to a sell rating in a report released on Monday, May 6th, ValuEngine reports.

ULH has been the subject of a number of other reports. Loop Capital raised Universal Logistics from a hold rating to a buy rating in a report on Tuesday, April 30th. BidaskClub raised Universal Logistics from a sell rating to a hold rating in a report on Tuesday, April 23rd. Finally, Citigroup decreased their price objective on Universal Logistics to $22.00 and set a neutral rating for the company in a report on Tuesday, January 15th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Universal Logistics currently has a consensus rating of Hold and an average price target of $32.25.

Shares of NASDAQ:ULH traded down $0.61 during midday trading on Monday, reaching $18.87. The company’s stock had a trading volume of 51,740 shares, compared to its average volume of 52,723. The company has a market capitalization of $578.22 million, a price-to-earnings ratio of 9.04 and a beta of 1.98. 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 has a fifty-two week low of $17.40 and a fifty-two week high of $37.67.

Universal Logistics (NASDAQ:ULH) last announced its quarterly earnings data on Thursday, April 25th. The transportation company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.05. The company had revenue of $377.41 million for the quarter. Universal Logistics had a return on equity of 31.70% and a net margin of 3.93%. Analysts anticipate that Universal Logistics will post 2.12 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Monday, May 6th were issued a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Friday, May 3rd. Universal Logistics’s dividend payout ratio is presently 20.19%.

A number of hedge funds and other institutional investors have recently made changes to their positions in ULH. Vanguard Group Inc lifted its position in shares of Universal Logistics by 4.2% during the third quarter. Vanguard Group Inc now owns 356,564 shares of the transportation company’s stock worth $13,121,000 after acquiring an additional 14,525 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in shares of Universal Logistics by 42.7% during the fourth quarter. Wedge Capital Management L L P NC now owns 47,562 shares of the transportation company’s stock worth $860,000 after acquiring an additional 14,228 shares in the last quarter. Boston Partners lifted its position in shares of Universal Logistics by 416.5% during the fourth quarter. Boston Partners now owns 263,400 shares of the transportation company’s stock worth $4,765,000 after acquiring an additional 212,400 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Universal Logistics by 75.5% during the fourth quarter. Bank of New York Mellon Corp now owns 157,224 shares of the transportation company’s stock worth $2,844,000 after acquiring an additional 67,656 shares in the last quarter. Finally, LSV Asset Management lifted its position in shares of Universal Logistics by 298.2% during the fourth quarter. LSV Asset Management now owns 93,582 shares of the transportation company’s stock worth $1,692,000 after acquiring an additional 70,082 shares in the last quarter. 28.07% of the stock is owned by institutional investors and hedge funds.

Universal Logistics Company Profile

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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