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

Universal Logistics Holdings, Inc. (NASDAQ:ULH) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $19.78 and traded as low as $13.25. Universal Logistics shares last traded at $13.37, with a volume of 41,036 shares changing hands.

Wall Street Analysts Forecast Growth

ULH has been the subject of several recent research reports. Stifel Nicolaus cut their price target on Universal Logistics from $28.00 to $24.00 and set a “hold” rating for the company in a report on Friday, October 10th. Weiss Ratings restated a “sell (d)” rating on shares of Universal Logistics in a research note on Thursday, November 13th. Wall Street Zen raised Universal Logistics from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Zacks Research downgraded shares of Universal Logistics from a “hold” rating to a “strong sell” rating in a research note on Monday, October 27th. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Universal Logistics presently has an average rating of “Sell” and an average target price of $24.00.

Universal Logistics Stock Performance

The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $352.03 million, a price-to-earnings ratio of 5.74 and a beta of 0.90. The stock has a fifty day moving average price of $19.78 and a 200-day moving average price of $23.24.

Universal Logistics (NASDAQ:ULH) last announced its quarterly earnings results on Thursday, November 6th. The transportation company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. Universal Logistics had a return on equity of 9.47% and a net margin of 3.66%.The firm had revenue of $396.79 million for the quarter, compared to analysts’ expectations of $422.80 million. As a group, analysts anticipate that Universal Logistics Holdings, Inc. will post 2.81 earnings per share for the current fiscal year.

Universal Logistics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 1st will be issued a dividend of $0.105 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.42 annualized dividend and a dividend yield of 3.1%. Universal Logistics’s dividend payout ratio (DPR) is presently -27.63%.

Hedge Funds Weigh In On Universal Logistics

A number of institutional investors and hedge funds have recently bought and sold shares of ULH. New York State Common Retirement Fund lifted its position in Universal Logistics by 8.0% during the 1st quarter. New York State Common Retirement Fund now owns 33,657 shares of the transportation company’s stock worth $883,000 after buying an additional 2,500 shares in the last quarter. Nuveen LLC bought a new position in shares of Universal Logistics in the first quarter worth about $701,000. American Century Companies Inc. lifted its position in shares of Universal Logistics by 7.4% during the first quarter. American Century Companies Inc. now owns 248,737 shares of the transportation company’s stock worth $6,527,000 after purchasing an additional 17,120 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of Universal Logistics during the first quarter valued at approximately $789,000. Finally, Bridgeway Capital Management LLC grew its stake in shares of Universal Logistics by 1.4% during the first quarter. Bridgeway Capital Management LLC now owns 217,277 shares of the transportation company’s stock valued at $5,701,000 after purchasing an additional 2,956 shares during the last quarter. Institutional investors and hedge funds own 25.50% of the company’s stock.

Universal Logistics Company Profile

Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. The company offers truckload services, which include dry van, flatbed, heavy-haul, and refrigerated operations; domestic and international freight forwarding, and customs brokerage services.