Universal Logistics Holdings, Inc. (NASDAQ:ULH – Get Free Report) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totalling 118,400 shares, a growth of 19.5% from the June 15th total of 99,100 shares. Approximately 1.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 53,700 shares, the days-to-cover ratio is presently 2.2 days.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $46.00 price objective (up from $36.00) on shares of Universal Logistics in a report on Monday, April 29th. StockNews.com raised shares of Universal Logistics from a “hold” rating to a “buy” rating in a research report on Friday, April 26th.
View Our Latest Analysis on ULH
Hedge Funds Weigh In On Universal Logistics
Universal Logistics Trading Up 2.2 %
Shares of ULH opened at $41.13 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 8.98 and a beta of 0.82. Universal Logistics has a 52-week low of $20.85 and a 52-week high of $50.52. The business’s fifty day moving average is $42.74 and its 200-day moving average is $36.62.
Universal Logistics (NASDAQ:ULH – Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The transportation company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $1.26. Universal Logistics had a net margin of 7.02% and a return on equity of 22.78%. The business had revenue of $491.91 million during the quarter, compared to analysts’ expectations of $416.50 million. Equities analysts anticipate that Universal Logistics will post 5.35 EPS for the current fiscal year.
Universal Logistics Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 3rd were issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Monday, June 3rd. Universal Logistics’s dividend payout ratio (DPR) is 9.17%.
About Universal Logistics
Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. The company 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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