Universal Logistics (NASDAQ:ULH) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $35.37 and traded as low as $25.99. Universal Logistics shares last traded at $26.63, with a volume of 58,485 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus raised their target price on shares of Universal Logistics from $42.00 to $44.00 and gave the company a “hold” rating in a report on Thursday, January 23rd.

Universal Logistics Stock Up 2.0 %

The firm has a market cap of $700.85 million, a price-to-earnings ratio of 5.39 and a beta of 0.96. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.75. The firm has a fifty day moving average price of $35.37 and a 200-day moving average price of $41.92.

Universal Logistics (NASDAQ:ULH) last issued its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.16). Universal Logistics had a return on equity of 21.37% and a net margin of 7.04%. During the same quarter last year, the business posted $0.81 EPS. As a group, sell-side analysts forecast that Universal Logistics Holdings, Inc. will post 2.81 EPS for the current year.

Universal Logistics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be issued a dividend of $0.105 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.42 annualized dividend and a dividend yield of 1.58%. Universal Logistics’s payout ratio is 8.50%.

Institutional Investors Weigh In On Universal Logistics

Several hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in Universal Logistics by 126.3% in the third quarter. JPMorgan Chase & Co. now owns 17,854 shares of the transportation company’s stock valued at $770,000 after acquiring an additional 9,966 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Universal Logistics in the 4th quarter valued at about $753,000. FMR LLC raised its stake in shares of Universal Logistics by 4.1% in the 3rd quarter. FMR LLC now owns 2,537,859 shares of the transportation company’s stock valued at $109,407,000 after purchasing an additional 100,563 shares in the last quarter. Barclays PLC grew its stake in Universal Logistics by 339.7% in the third quarter. Barclays PLC now owns 10,952 shares of the transportation company’s stock worth $473,000 after purchasing an additional 8,461 shares in the last quarter. Finally, State Street Corp increased its holdings in Universal Logistics by 0.6% in the third quarter. State Street Corp now owns 147,251 shares of the transportation company’s stock valued at $6,363,000 after buying an additional 911 shares during the last quarter. 25.50% of the stock is currently owned by hedge funds and other institutional investors.

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.