Universal Logistics (NASDAQ:ULH) Downgraded to “Sell” at BidaskClub

BidaskClub downgraded shares of Universal Logistics (NASDAQ:ULH) from a hold rating to a sell rating in a report released on Friday morning, BidAskClub reports.

Several other brokerages also recently weighed in on ULH. ValuEngine upgraded shares of Universal Logistics from a sell rating to a hold rating in a research report on Friday, August 2nd. Loop Capital upgraded shares of Universal Logistics from a hold rating to a buy rating in a research report on Tuesday, April 30th. Finally, Stifel Nicolaus upgraded shares of Universal Logistics from a hold rating to a buy rating and reduced their price objective for the stock from $31.00 to $30.00 in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Universal Logistics has a consensus rating of Buy and an average price target of $31.00.

Shares of NASDAQ:ULH opened at $19.85 on Friday. The company has a market capitalization of $540.14 million, a PE ratio of 9.54 and a beta of 2.12. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 1.56. Universal Logistics has a twelve month low of $17.40 and a twelve month high of $37.67. The firm has a 50 day simple moving average of $21.10 and a 200-day simple moving average of $21.23.

Universal Logistics (NASDAQ:ULH) last issued its quarterly earnings data on Thursday, July 25th. The transportation company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.06). The company had revenue of $383.18 million for the quarter. Universal Logistics had a return on equity of 31.13% and a net margin of 4.03%. As a group, equities research analysts predict that Universal Logistics will post 2.55 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 2nd will be given a $0.105 dividend. The ex-dividend date is Thursday, August 29th. This represents a $0.42 annualized dividend and a yield of 2.12%. Universal Logistics’s dividend payout ratio (DPR) is 20.19%.

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its stake in shares of Universal Logistics by 75.5% during the fourth quarter. Bank of New York Mellon Corp now owns 157,224 shares of the transportation company’s stock valued at $2,844,000 after buying an additional 67,656 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Universal Logistics by 8.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 609,609 shares of the transportation company’s stock valued at $11,028,000 after buying an additional 46,685 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Universal Logistics by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 124,882 shares of the transportation company’s stock valued at $2,258,000 after buying an additional 4,751 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Universal Logistics by 51.6% during the fourth quarter. Deutsche Bank AG now owns 56,029 shares of the transportation company’s stock valued at $1,012,000 after buying an additional 19,079 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Universal Logistics by 57,566.7% during the first quarter. BNP Paribas Arbitrage SA now owns 1,730 shares of the transportation company’s stock valued at $34,000 after buying an additional 1,727 shares during the last quarter. Hedge funds and other institutional investors own 26.57% of the company’s stock.

About Universal Logistics

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

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