Universal Logistics (NASDAQ:ULH) Price Target Lowered to $15.00 at Stifel Nicolaus

Universal Logistics (NASDAQ:ULH) had its target price decreased by Stifel Nicolaus from $17.00 to $15.00 in a research note released on Wednesday morning, MarketBeat Ratings reports. Stifel Nicolaus currently has a hold rating on the transportation company’s stock.

Several other brokerages have also recently weighed in on ULH. Zacks Research cut Universal Logistics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Universal Logistics in a research note on Wednesday, June 24th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Universal Logistics has an average rating of “Reduce” and an average target price of $15.00.

Universal Logistics Stock Performance

Shares of Universal Logistics stock opened at $13.62 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.18. Universal Logistics has a twelve month low of $11.73 and a twelve month high of $30.76. The stock has a market cap of $359.16 million, a price-to-earnings ratio of -5.43 and a beta of 0.68. The company’s fifty day moving average is $15.03 and its 200 day moving average is $17.12.

Universal Logistics (NASDAQ:ULH) last posted its quarterly earnings data on Friday, May 1st. The transportation company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.22). The company had revenue of $367.57 million during the quarter, compared to analyst estimates of $372.30 million. Universal Logistics had a negative net margin of 4.29% and a positive return on equity of 2.65%. Sell-side analysts forecast that Universal Logistics will post 0.55 EPS for the current year.

Universal Logistics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 1st were issued a $0.105 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.42 annualized dividend and a yield of 3.1%. Universal Logistics’s payout ratio is presently -16.73%.

Institutional Trading of Universal Logistics

A number of large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its stake in Universal Logistics by 102.3% in the third quarter. BNP Paribas Financial Markets now owns 1,428 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 722 shares during the period. Barclays PLC raised its position in shares of Universal Logistics by 10.7% during the fourth quarter. Barclays PLC now owns 10,557 shares of the transportation company’s stock worth $160,000 after purchasing an additional 1,019 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Universal Logistics by 7.1% in the 2nd quarter. Lazard Asset Management LLC now owns 20,569 shares of the transportation company’s stock worth $520,000 after purchasing an additional 1,361 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Universal Logistics by 104.4% in the 4th quarter. State of Alaska Department of Revenue now owns 2,765 shares of the transportation company’s stock worth $41,000 after purchasing an additional 1,412 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Universal Logistics by 403.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,130 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 1,707 shares during the period. 25.50% of the stock is currently owned by institutional investors and hedge funds.

Universal Logistics Company Profile

Universal Logistics Holdings, Inc is a diversified, asset-light third-party logistics provider offering transportation and supply chain solutions across North America and around the globe. Its service portfolio encompasses truckload, less-than-truckload, intermodal, and specialized freight services, supported by dedicated brokerage, warehousing, and distribution management capabilities.

Originally incorporated as Universal Truckload Services, Inc, the company has evolved beyond its core truckload heritage to a one-stop logistics platform.