Universal Logistics Holdings (NASDAQ:ULH) declared a quarterly dividend on Friday, April 27th, Wall Street Journal reports. Investors of record on Monday, May 7th will be given a dividend of 0.105 per share by the transportation company on Thursday, May 17th. This represents a $0.42 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Friday, May 4th. This is a positive change from Universal Logistics’s previous quarterly dividend of $0.07.

NASDAQ:ULH opened at $22.30 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.15 and a current ratio of 1.15. Universal Logistics has a one year low of $12.55 and a one year high of $25.65. The stock has a market capitalization of $614.75, a P/E ratio of 22.79 and a beta of 1.40.

Universal Logistics (NASDAQ:ULH) last released its quarterly earnings results on Thursday, February 22nd. The transportation company reported $0.22 EPS for the quarter. Universal Logistics had a return on equity of 17.36% and a net margin of 2.70%. The business had revenue of $314.02 million for the quarter.

Several analysts have issued reports on ULH shares. BidaskClub cut Universal Logistics from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. TheStreet upgraded Universal Logistics from a “c” rating to a “b-” rating in a research note on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Universal Logistics currently has an average rating of “Hold” and an average target price of $23.00.

A hedge fund recently raised its stake in Universal Logistics stock. State Street Corp raised its position in shares of Universal Logistics Holdings (NASDAQ:ULH) by 8.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 135,951 shares of the transportation company’s stock after buying an additional 10,263 shares during the quarter. State Street Corp owned about 0.48% of Universal Logistics worth $2,044,000 at the end of the most recent quarter. 27.28% of the stock is currently owned by institutional investors and hedge funds.

About Universal Logistics

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.

Dividend History for Universal Logistics (NASDAQ:ULH)

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