Universal Logistics (NASDAQ:ULH) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $18.19 and traded as low as $16.84. Universal Logistics shares last traded at $17.07, with a volume of 43,331 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ULH. Wall Street Zen upgraded shares of Universal Logistics from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Zacks Research downgraded shares of Universal Logistics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Stifel Nicolaus reduced their price objective on shares of Universal Logistics from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Tuesday, May 5th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Universal Logistics in a research note on Friday, March 27th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $17.00.

Universal Logistics Stock Performance

The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.13 and a current ratio of 1.13. The stock’s fifty day moving average is $18.19 and its two-hundred day moving average is $17.29. The firm has a market cap of $450.14 million, a price-to-earnings ratio of -6.80 and a beta of 0.67.

Universal Logistics (NASDAQ:ULH) last released its earnings results on Friday, May 1st. The transportation company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.22). Universal Logistics had a negative net margin of 4.29% and a positive return on equity of 2.65%. The company had revenue of $367.58 million for the quarter, compared to analyst estimates of $372.30 million. On average, analysts expect that Universal Logistics Holdings, Inc. will post 0.55 earnings per share for the current fiscal year.

Universal Logistics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be issued a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, June 1st. Universal Logistics’s dividend payout ratio (DPR) is presently -16.73%.

Institutional Trading of Universal Logistics

Several institutional investors have recently made changes to their positions in ULH. Quantinno Capital Management LP raised its position in Universal Logistics by 118.9% during the first quarter. Quantinno Capital Management LP now owns 37,766 shares of the transportation company’s stock valued at $798,000 after acquiring an additional 20,511 shares in the last quarter. Archer Investment Corp bought a new position in Universal Logistics during the first quarter valued at approximately $48,000. Millennium Management LLC bought a new position in Universal Logistics during the fourth quarter valued at approximately $322,000. Royal Bank of Canada raised its position in Universal Logistics by 208.2% during the fourth quarter. Royal Bank of Canada now owns 31,703 shares of the transportation company’s stock valued at $482,000 after acquiring an additional 21,416 shares in the last quarter. Finally, Barclays PLC raised its position in Universal Logistics by 10.7% during the fourth quarter. Barclays PLC now owns 10,557 shares of the transportation company’s stock valued at $160,000 after acquiring an additional 1,019 shares in the last quarter. 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.