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.
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