Deprince Race & Zollo Inc. purchased a new stake in Universal Truckload Services, Inc. (NYSE:ULH) during the third quarter, Holdings Channel reports. The institutional investor purchased 138,135 shares of the company’s stock, valued at approximately $1,854,000.
Separately, Bank of New York Mellon Corp bought a new position in Universal Truckload Services during the third quarter valued at approximately $1,729,000.
Universal Truckload Services, Inc. (NYSE:ULH) traded down 2.78% on Monday, reaching $14.00. 15,382 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $12.92 and a 200-day moving average of $13.54. Universal Truckload Services, Inc. has a one year low of $11.09 and a one year high of $18.31.
Universal Truckload Services (NYSE:ULH) last released its earnings results on Thursday, October 27th. The company reported $0.18 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.18. The business had revenue of $271.49 million for the quarter, compared to analysts’ expectations of $263.70 million. During the same period in the previous year, the company earned $0.32 EPS. Universal Truckload Services’s quarterly revenue was down 4.5% compared to the same quarter last year. On average, equities analysts expect that Universal Truckload Services, Inc. will post $0.97 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 17th. Stockholders of record on Monday, November 7th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Thursday, November 3rd.
ULH has been the topic of a number of research reports. Stifel Nicolaus reissued a “buy” rating and set a $17.00 target price (down previously from $19.00) on shares of Universal Truckload Services in a research report on Wednesday, October 5th. Zacks Investment Research raised shares of Universal Truckload Services from a “sell” rating to a “hold” rating in a research report on Wednesday, August 24th.
About Universal Truckload Services
Universal Logistics Holdings, Inc, formerly Universal Truckload Services, Inc, is an asset-light provider of transportation and logistics solutions across the United States, Mexico, Canada and Colombia. The Company operates through two segments: the transportation segment and the logistics segment. The Company’s operations aggregated in the transportation segment are associated with individual freight shipments coordinated by its agents, company-managed terminals and specialized services operations.