Universal Logistics (NASDAQ:ULH) Given New $20.00 Price Target at Stifel Nicolaus

Universal Logistics (NASDAQ:ULH) had its price objective boosted by Stifel Nicolaus from $17.00 to $20.00 in a report released on Tuesday,Benzinga reports. They currently have a hold rating on the transportation company’s stock.

Several other brokerages have also issued reports on ULH. Zacks Research upgraded Universal Logistics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 17th. Weiss Ratings restated a “sell (d)” rating on shares of Universal Logistics in a research note on Friday, March 27th. Finally, Wall Street Zen upgraded Universal Logistics from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $20.00.

Universal Logistics Price Performance

NASDAQ ULH opened at $21.57 on Tuesday. Universal Logistics has a twelve month low of $12.78 and a twelve month high of $30.76. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market capitalization of $568.37 million, a PE ratio of -10.03 and a beta of 0.71. The stock has a 50-day simple moving average of $17.58 and a 200 day simple moving average of $17.42.

Universal Logistics (NASDAQ:ULH) last posted its quarterly earnings data on Friday, March 13th. The transportation company reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.19. Universal Logistics had a positive return on equity of 4.13% and a negative net margin of 3.64%.The business had revenue of $385.43 million during the quarter, compared to analysts’ expectations of $376.10 million. Research analysts anticipate that Universal Logistics will post 2.81 EPS for the current year.

Universal Logistics Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 3rd. Investors of record on Monday, March 23rd were paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 1.9%. The ex-dividend date was Monday, March 23rd. Universal Logistics’s payout ratio is currently -19.53%.

Institutional Investors Weigh In On Universal Logistics

A number of institutional investors have recently added to or reduced their stakes in ULH. First Trust Advisors LP boosted its holdings in Universal Logistics by 44.2% during the second quarter. First Trust Advisors LP now owns 129,253 shares of the transportation company’s stock valued at $3,280,000 after purchasing an additional 39,633 shares in the last quarter. AQR Capital Management LLC acquired a new stake in Universal Logistics during the first quarter valued at approximately $789,000. Walleye Capital LLC acquired a new stake in Universal Logistics during the fourth quarter valued at approximately $340,000. Royal Bank of Canada boosted its holdings 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 purchasing an additional 21,416 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in Universal Logistics during the fourth quarter valued at approximately $322,000. 25.50% of the stock is owned by institutional investors and hedge funds.

About Universal Logistics

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.