Insider Selling: Universal Truckload Services CEO Sells 7,500 Shares of Stock (UACL)
Universal Truckload Services (NASDAQ:UACL) CEO H.E. Wolfe sold 7,500 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $24.07, for a total transaction of $180,525.00. Following the transaction, the chief executive officer now directly owns 78,852 shares of the company’s stock, valued at approximately $1,897,968. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Universal Truckload Services (NASDAQ:UACL) traded up 0.58% during mid-day trading on Monday, hitting $24.47. 18,152 shares of the company’s stock traded hands. Universal Truckload Services has a 52-week low of $22.10 and a 52-week high of $34.07. The stock has a 50-day moving average of $24.62 and a 200-day moving average of $26.00. The company has a market cap of $733.0 million and a P/E ratio of 15.70.
Universal Truckload Services (NASDAQ:UACL) last announced its earnings results on Thursday, July 24th. The company reported $0.45 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.45. The company had revenue of $307.50 million for the quarter, compared to the consensus estimate of $294.70 million. Analysts expect that Universal Truckload Services will post $1.59 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Shareholders of record on Monday, August 4th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Thursday, July 31st.
Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Universal Truckload Services in a research note on Tuesday, July 1st. They now have a $32.00 price target on the stock, down previously from $33.00. Three research analysts have rated the stock with a buy rating, Universal Truckload Services has an average rating of “Buy” and a consensus target price of $31.75.
Universal Truckload Services, Inc is engaged in providing transportation services to shippers throughout the United States and in the Canadian provinces of Ontario and Quebec.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.