World News Downgrades Universal Logistics (NASDAQ:ULH) to Hold Downgrades Universal Logistics (NASDAQ:ULH) to Hold downgraded shares of Universal Logistics (NASDAQ:ULH – Free Report) from a buy rating to a hold rating in a research report report published on Friday morning.

Separately, Stifel Nicolaus decreased their target price on shares of Universal Logistics from $36.00 to $35.00 and set a hold rating for the company in a research note on Monday, August 14th.

Get Our Latest Analysis on ULH

Universal Logistics Stock Up 1.7 %

Shares of ULH stock opened at $23.42 on Friday. Universal Logistics has a twelve month low of $20.85 and a twelve month high of $45.00. The stock has a market cap of $615.71 million, a P/E ratio of 5.86 and a beta of 1.13. The stock has a 50 day moving average of $24.33 and a 200 day moving average of $27.16. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.63.

Universal Logistics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 4th will be paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Friday, December 1st. Universal Logistics’s payout ratio is currently 10.50%.

Institutional Trading of Universal Logistics

Several institutional investors have recently bought and sold shares of ULH. Norges Bank acquired a new position in shares of Universal Logistics during the 4th quarter worth approximately $3,361,000. Boston Partners acquired a new stake in Universal Logistics in the 1st quarter valued at $2,729,000. Vanguard Group Inc. increased its holdings in Universal Logistics by 29.1% in the 3rd quarter. Vanguard Group Inc. now owns 410,810 shares of the transportation company’s stock worth $13,031,000 after acquiring an additional 92,662 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Universal Logistics by 582.6% during the first quarter. AQR Capital Management LLC now owns 106,272 shares of the transportation company’s stock worth $3,098,000 after purchasing an additional 90,704 shares in the last quarter. Finally, Scopus Asset Management L.P. purchased a new stake in Universal Logistics during the 2nd quarter worth approximately $2,607,000. 24.65% of the stock is owned by institutional investors and hedge funds.

Universal Logistics Company Profile

(Get Free Report)

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.

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