Business

Stock News Spotlight: Universal Logistics Holdings (NASDAQ:ULH)

January 14, 2020

Universal Logistics Holdings (NASDAQ:ULH)stock identified change of 4.65% away from 52-week low price and recently located move of -32.01% off 52-week high price. It has market worth of $516.78M and dividend yield of 2.25%. ULH stock has been recorded -4.31% away from 50 day moving average and -11.73% away from 200 day moving average. Moving closer, we can see that shares have been trading -1.83% off 20-day moving average.

On Jan. 13, 2020, Universal Logistics Holdings (NASDAQ:ULH) notified that its Board of Directors (the Board) appointed Tim Phillips as the Company’s new Chief Executive Officer, President, and member of the Board, effective January 10, 2020. Mr. Phillips began his career with Universal, a leading asset-light provider of customized transportation and logistics solutions, in 1989. He has over 30 years of experience in numerous leadership positions, including most recently serving as the Company’s Executive Vice President of Transportation. Mr. Phillips has also served as the President of Universal’s intermodal division since 2009. Mr. Phillips succeeds Jeff Rogers, who separated from service with the Company as Chief Executive Officer, President and a director effective January 10, 2020.

I would like to express my gratitude to Jeff for his leadership and the contributions he has made to Universal’s success, stated Matthew Moroun, Chairman of the Board. Tim is a highly skilled veteran of the transportation industry. He possesses a keen attention to detail, and he has a proven record of growth and profit. The entire Board of Directors would like to congratulate Tim, and we look forward to his leadership.

I am honored to be appointed to lead Universal’s 12,000 associates and drivers across North America, stated Mr. Phillips. I would like to thank the Board of Directors for its confidence that I will continue transforming the Company into a world-class provider of transportation and logistics services.

The Services sector company, Universal Logistics Holdings noticed change of -0.69% to $18.69 along volume of 31008 shares in recent session compared to an average volume of 75.03K. The stock observed return of -0.21% in 5 days trading activity. The stock was at -1.42% over one month performance. ULH’s shares are at -22.61% for the quarter and driving a -7.79% return over the course of the past year and is now at -1.42% since this point in 2018.

The average volatility for the week at 2.23% and for month was at 2.34%. There are 27.65M shares outstanding and 7.18M shares are floated in market. Right now the stock beta is 1.97.

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