Zacks: Universal Logistics Holdings, Inc. (ULH) Given Average Recommendation of “Buy” by Brokerages

Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH) have earned a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. Universal Logistics Holdings’ rating score has declined by 100% in the last three months as a result of various analysts’ upgrades and downgrades.

Brokers have set a twelve-month consensus target price of $24.50 for the company and are forecasting that the company will post $0.27 EPS for the current quarter, according to Zacks. Zacks has also given Universal Logistics Holdings an industry rank of 43 out of 265 based on the ratings given to related companies.

Several analysts recently issued reports on the company. Citigroup Inc. increased their price objective on Universal Logistics Holdings from $14.00 to $22.00 and gave the stock a “neutral” rating in a report on Friday, October 6th. Zacks Investment Research upgraded Universal Logistics Holdings from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Stifel Nicolaus upgraded Universal Logistics Holdings from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Monday, July 31st. Finally, BidaskClub lowered Universal Logistics Holdings from a “buy” rating to a “hold” rating in a report on Friday, November 10th.

Universal Logistics Holdings (NASDAQ:ULH) traded up $0.15 on Monday, reaching $22.00. The company had a trading volume of 7,200 shares, compared to its average volume of 17,748. Universal Logistics Holdings has a 12-month low of $11.65 and a 12-month high of $22.85. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.40. The firm has a market cap of $624.61, a PE ratio of 36.07 and a beta of 1.55.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 6th were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.28 dividend on an annualized basis and a yield of 1.27%. Universal Logistics Holdings’s dividend payout ratio is currently 121.74%.

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In other news, Director H.E. Wolfe sold 17,500 shares of the firm’s stock in a transaction on Sunday, November 5th. The shares were sold at an average price of $22.00, for a total transaction of $385,000.00. Following the completion of the transaction, the director now owns 35,065 shares of the company’s stock, valued at $771,430. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 71.00% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in Universal Logistics Holdings by 2.4% during the 1st quarter. Bank of New York Mellon Corp now owns 106,818 shares of the transportation company’s stock worth $1,533,000 after acquiring an additional 2,495 shares during the period. Geode Capital Management LLC boosted its stake in shares of Universal Logistics Holdings by 4.2% in the 1st quarter. Geode Capital Management LLC now owns 77,352 shares of the transportation company’s stock valued at $1,110,000 after purchasing an additional 3,138 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Universal Logistics Holdings by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 400,299 shares of the transportation company’s stock valued at $5,744,000 after purchasing an additional 5,490 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Universal Logistics Holdings in the 1st quarter valued at $225,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Universal Logistics Holdings by 47.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 31,477 shares of the transportation company’s stock valued at $473,000 after purchasing an additional 10,129 shares in the last quarter. 28.47% of the stock is currently owned by institutional investors.

About Universal Logistics Holdings

Universal Logistics Holdings, Inc, formerly Universal Truckload Services, Inc, is an asset-light provider of customized transportation and logistics solutions across the United States, Mexico, Canada and Colombia. The Company operates through two segments: the transportation segment and the logistics segment.

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