Universal Logistics (NASDAQ:ULH) Sees Large Volume Increase

Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH) saw unusually-strong trading volume on Thursday . Approximately 18,524 shares traded hands during trading, a decline of 52% from the previous session’s volume of 38,676 shares.The stock last traded at $42.90 and had previously closed at $41.52.

Analysts Set New Price Targets

Separately, StockNews.com lowered Universal Logistics from a “buy” rating to a “hold” rating in a research note on Monday, August 12th.

Universal Logistics Stock Performance

The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.26 and a current ratio of 1.26. The business has a 50 day moving average price of $41.01 and a two-hundred day moving average price of $39.60. The company has a market cap of $1.09 billion, a P/E ratio of 9.05 and a beta of 0.82.

Universal Logistics (NASDAQ:ULH) last released its earnings results on Thursday, July 25th. The transportation company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.03. Universal Logistics had a return on equity of 22.84% and a net margin of 7.23%. The company had revenue of $462.16 million during the quarter, compared to analyst estimates of $461.60 million. During the same quarter in the previous year, the company posted $0.90 EPS. On average, sell-side analysts anticipate that Universal Logistics Holdings, Inc. will post 5.25 earnings per share for the current year.

Universal Logistics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 2nd will be issued a dividend of $0.105 per share. The ex-dividend date is Friday, August 30th. This represents a $0.42 dividend on an annualized basis and a yield of 1.01%. Universal Logistics’s dividend payout ratio is presently 9.17%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Innealta Capital LLC purchased a new position in Universal Logistics during the 2nd quarter valued at about $48,000. BNP Paribas Financial Markets increased its holdings in Universal Logistics by 77.7% during the 1st quarter. BNP Paribas Financial Markets now owns 3,347 shares of the transportation company’s stock valued at $123,000 after purchasing an additional 1,463 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in Universal Logistics during the 1st quarter valued at about $260,000. Quadrature Capital Ltd increased its holdings in Universal Logistics by 8.3% during the 4th quarter. Quadrature Capital Ltd now owns 10,862 shares of the transportation company’s stock valued at $304,000 after purchasing an additional 834 shares during the period. Finally, AQR Capital Management LLC increased its holdings in Universal Logistics by 82.5% during the 2nd quarter. AQR Capital Management LLC now owns 14,003 shares of the transportation company’s stock valued at $568,000 after purchasing an additional 6,332 shares during the period. Hedge funds and other institutional investors 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.