Universal Logistics Holdings, Inc. (NASDAQ:ULH) Plans $0.10 Quarterly Dividend

Universal Logistics Holdings, Inc. (NASDAQ:ULH) announced a quarterly dividend on Friday, July 31st. Shareholders of record on Tuesday, September 1st will be given a dividend of 0.105 per share by the transportation company on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, September 1st.

Universal Logistics has increased its dividend by an average of 0.1%annually over the last three years. Universal Logistics has a payout ratio of 13.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Universal Logistics to earn $1.15 per share next year, which means the company should continue to be able to cover its $0.42 annual dividend with an expected future payout ratio of 36.5%.

Universal Logistics Stock Up 3.1%

Universal Logistics stock opened at $19.52 on Friday. The company has a market capitalization of $514.70 million, a P/E ratio of -10.61 and a beta of 0.69. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.20 and a current ratio of 1.20. Universal Logistics has a fifty-two week low of $11.73 and a fifty-two week high of $27.24. The stock has a 50-day simple moving average of $16.50 and a 200-day simple moving average of $17.30.

Universal Logistics (NASDAQ:ULH) last posted its quarterly earnings data on Friday, July 31st. The transportation company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. Universal Logistics had a positive return on equity of 1.99% and a negative net margin of 3.16%.The business had revenue of $379.32 million during the quarter, compared to the consensus estimate of $380.40 million. Equities research analysts expect that Universal Logistics will post 0.5 earnings per share for the current year.

Institutional Trading of Universal Logistics

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new position in Universal Logistics in the 2nd quarter valued at $8,082,000. Geode Capital Management LLC boosted its position in Universal Logistics by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 200,020 shares of the transportation company’s stock worth $3,039,000 after purchasing an additional 7,339 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Universal Logistics during the second quarter worth about $2,770,000. First Trust Advisors LP grew its stake in shares of Universal Logistics by 5.3% in the third quarter. First Trust Advisors LP now owns 136,107 shares of the transportation company’s stock valued at $3,190,000 after buying an additional 6,854 shares in the last quarter. Finally, Empowered Funds LLC grew its position in Universal Logistics by 5.0% in the first quarter. Empowered Funds LLC now owns 108,268 shares of the transportation company’s stock valued at $2,841,000 after acquiring an additional 5,136 shares in the last quarter. Hedge funds and other institutional investors own 25.50% of the company’s stock.

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.