Universal Logistics Holdings Inc (NASDAQ:ULH) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 130,200 shares, an increase of 53.5% from the September 30th total of 84,800 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average daily volume of 72,200 shares, the days-to-cover ratio is presently 1.8 days.
ULH traded down $0.24 during trading on Monday, hitting $20.99. The company’s stock had a trading volume of 8,375 shares, compared to its average volume of 63,523. The firm’s 50 day moving average price is $22.55 and its two-hundred day moving average price is $21.62. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.56. Universal Logistics has a 12 month low of $17.40 and a 12 month high of $27.49. The stock has a market capitalization of $569.66 million, a price-to-earnings ratio of 10.09 and a beta of 2.06.
Universal Logistics (NASDAQ:ULH) last released its earnings results on Thursday, October 24th. The transportation company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.15). The firm had revenue of $375.49 million for the quarter, compared to the consensus estimate of $387.60 million. Universal Logistics had a return on equity of 29.11% and a net margin of 2.49%. On average, sell-side analysts forecast that Universal Logistics will post 2.55 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.00%. Universal Logistics’s payout ratio is currently 20.19%.
Several equities analysts have issued reports on ULH shares. ValuEngine downgraded Universal Logistics from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Stifel Nicolaus upgraded Universal Logistics from a “hold” rating to a “buy” rating and cut their price objective for the company from $31.00 to $30.00 in a research report on Friday, August 2nd. Finally, BidaskClub upgraded Universal Logistics from a “hold” rating to a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $26.00.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Universal Logistics by 13.5% during the second quarter. BlackRock Inc. now owns 1,201,456 shares of the transportation company’s stock worth $26,997,000 after purchasing an additional 143,315 shares during the period. Vanguard Group Inc. grew its stake in shares of Universal Logistics by 3.5% during the second quarter. Vanguard Group Inc. now owns 392,301 shares of the transportation company’s stock worth $8,814,000 after purchasing an additional 13,373 shares during the period. LSV Asset Management grew its stake in shares of Universal Logistics by 1.5% during the second quarter. LSV Asset Management now owns 240,542 shares of the transportation company’s stock worth $5,404,000 after purchasing an additional 3,500 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Universal Logistics by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 167,757 shares of the transportation company’s stock worth $3,769,000 after purchasing an additional 2,644 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of Universal Logistics by 7.4% during the second quarter. AQR Capital Management LLC now owns 135,656 shares of the transportation company’s stock worth $3,048,000 after purchasing an additional 9,348 shares during the period. Institutional investors own 27.70% of the company’s stock.
Universal Logistics Company Profile
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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