StockNews.com 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
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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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