Universal Logistics (NASDAQ:ULH) Sees Strong Trading Volume

Universal Logistics Holdings, Inc. (NASDAQ:ULH) shares saw an uptick in trading volume on Wednesday . 13,962 shares were traded during trading, a decline of 49% from the previous session’s volume of 27,442 shares.The stock last traded at $32.94 and had previously closed at $32.88.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ULH. StockNews.com lowered shares of Universal Logistics from a “buy” rating to a “hold” rating in a research note on Wednesday. Stifel Nicolaus upgraded shares of Universal Logistics from a “hold” rating to a “buy” rating and lifted their price target for the stock from $35.00 to $36.00 in a research report on Wednesday, January 10th.

Universal Logistics Stock Performance

The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.58. The stock has a market cap of $847.18 million, a price-to-earnings ratio of 9.10 and a beta of 1.08. The company’s 50-day simple moving average is $34.27 and its 200-day simple moving average is $29.11.

Universal Logistics (NASDAQ:ULH) last posted its quarterly earnings results on Thursday, February 15th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.10. Universal Logistics had a net margin of 5.59% and a return on equity of 18.58%. The firm had revenue of $390.92 million for the quarter, compared to analyst estimates of $377.30 million. Analysts predict that Universal Logistics Holdings, Inc. will post 3.65 EPS for the current fiscal year.

Universal Logistics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Friday, March 1st. Universal Logistics’s dividend payout ratio is 11.86%.

Hedge Funds Weigh In On Universal Logistics

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC boosted its stake in Universal Logistics by 16.3% in the 3rd quarter. FMR LLC now owns 2,115,321 shares of the transportation company’s stock worth $53,264,000 after purchasing an additional 295,701 shares during the period. Exchange Traded Concepts LLC boosted its stake in Universal Logistics by 2.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 14,930 shares of the transportation company’s stock worth $418,000 after purchasing an additional 416 shares during the period. Quadrature Capital Ltd acquired a new position in Universal Logistics in the 3rd quarter worth approximately $253,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Universal Logistics during the 3rd quarter valued at $171,000. Finally, Scopus Asset Management L.P. boosted its stake in shares of Universal Logistics by 49.7% during the 3rd quarter. Scopus Asset Management L.P. now owns 135,500 shares of the transportation company’s stock valued at $3,412,000 after buying an additional 45,000 shares during the period. Institutional investors and hedge funds own 25.50% of the company’s stock.

Universal Logistics Company Profile

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.