Universal Logistics (NASDAQ:ULH) Trading Up 4.3% After Dividend Announcement

Universal Logistics Holdings, Inc. (NASDAQ:ULHGet Rating) shares were up 4.3% during mid-day trading on Friday after the company announced a dividend. The company traded as high as $29.83 and last traded at $29.83. Approximately 182 shares were traded during trading, a decline of 100% from the average daily volume of 60,632 shares. The stock had previously closed at $28.59.

The newly announced dividend which will be paid on Monday, October 3rd. Shareholders of record on Monday, September 5th will be paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Thursday, September 1st. Universal Logistics’s dividend payout ratio (DPR) is presently 12.03%.

Wall Street Analysts Forecast Growth

ULH has been the topic of a number of analyst reports. Citigroup lifted their target price on shares of Universal Logistics to $27.00 in a research note on Wednesday, May 25th. StockNews.com raised shares of Universal Logistics from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 12th.

Universal Logistics Stock Up 5.1 %

The business’s 50 day moving average price is $27.45 and its 200-day moving average price is $22.37. The firm has a market capitalization of $794.58 million, a PE ratio of 8.61 and a beta of 1.26. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.34 and a current ratio of 1.34.

Universal Logistics (NASDAQ:ULHGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The transportation company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.90. The firm had revenue of $523.86 million during the quarter. Universal Logistics had a net margin of 5.06% and a return on equity of 35.79%. During the same quarter last year, the firm posted $0.77 EPS. As a group, equities research analysts forecast that Universal Logistics Holdings, Inc. will post 4.55 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ULH. Cornerstone Investment Partners LLC acquired a new position in Universal Logistics during the 4th quarter worth approximately $315,000. Assenagon Asset Management S.A. acquired a new position in Universal Logistics during the 4th quarter worth approximately $1,867,000. Invenomic Capital Management LP grew its holdings in Universal Logistics by 2.0% during the 4th quarter. Invenomic Capital Management LP now owns 72,973 shares of the transportation company’s stock worth $1,376,000 after acquiring an additional 1,462 shares in the last quarter. Lafitte Capital Management LP grew its holdings in Universal Logistics by 8.7% during the 4th quarter. Lafitte Capital Management LP now owns 498,800 shares of the transportation company’s stock worth $9,407,000 after acquiring an additional 40,000 shares in the last quarter. Finally, Denali Advisors LLC grew its holdings in Universal Logistics by 47.1% during the 1st quarter. Denali Advisors LLC now owns 5,000 shares of the transportation company’s stock worth $101,000 after acquiring an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 23.84% of the company’s stock.

Universal Logistics Company Profile

(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.

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