Universal Logistics (NASDAQ:ULH) Announces Earnings Results

Universal Logistics (NASDAQ:ULHGet Rating) released its quarterly earnings data on Thursday. The transportation company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.90, MarketWatch Earnings reports. Universal Logistics had a net margin of 4.21% and a return on equity of 30.65%. During the same period in the prior year, the business posted $0.77 earnings per share.

Shares of NASDAQ ULH traded up $1.94 during midday trading on Friday, reaching $23.51. 65,988 shares of the stock were exchanged, compared to its average volume of 51,385. The company has a 50 day simple moving average of $20.00 and a 200 day simple moving average of $19.27. The stock has a market capitalization of $630.07 million, a P/E ratio of 6.74 and a beta of 1.34. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.35 and a current ratio of 1.35. Universal Logistics has a twelve month low of $15.86 and a twelve month high of $27.04.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 5th. Stockholders of record on Monday, June 6th will be issued a dividend of $0.105 per share. The ex-dividend date of this dividend is Friday, June 3rd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.79%. Universal Logistics’s dividend payout ratio is currently 12.03%.

In other news, Director Richard P. Urban purchased 5,000 shares of the business’s stock in a transaction dated Friday, March 11th. The stock was acquired at an average price of $20.49 per share, for a total transaction of $102,450.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 72.00% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the stock. Barclays PLC boosted its position in shares of Universal Logistics by 192.9% during the 4th quarter. Barclays PLC now owns 9,296 shares of the transportation company’s stock worth $175,000 after purchasing an additional 6,122 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Universal Logistics by 19.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 28,459 shares of the transportation company’s stock worth $537,000 after purchasing an additional 4,674 shares during the period. Stifel Financial Corp purchased a new position in shares of Universal Logistics during the 4th quarter worth approximately $601,000. D. E. Shaw & Co. Inc. boosted its position in shares of Universal Logistics by 5.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 30,654 shares of the transportation company’s stock worth $578,000 after purchasing an additional 1,586 shares during the period. Finally, State Street Corp boosted its position in shares of Universal Logistics by 3.7% during the 4th quarter. State Street Corp now owns 132,331 shares of the transportation company’s stock worth $2,510,000 after purchasing an additional 4,720 shares during the period. 23.84% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have commented on ULH shares. TheStreet upgraded shares of Universal Logistics from a “c+” rating to a “b-” rating in a report on Monday, March 21st. StockNews.com downgraded shares of Universal Logistics from a “strong-buy” rating to a “buy” rating in a report on Monday, May 2nd.

About Universal Logistics (Get Rating)

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

See Also

Earnings History for Universal Logistics (NASDAQ:ULH)

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