Universal Logistics (NASDAQ:ULH) Sees Unusually-High Trading Volume

Universal Logistics Holdings, Inc. (NASDAQ:ULH) saw unusually-high trading volume on Tuesday . Approximately 37,116 shares were traded during trading, an increase of 29% from the previous session’s volume of 28,721 shares.The stock last traded at $33.88 and had previously closed at $33.50.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ULH shares. Stifel Nicolaus raised Universal Logistics from a “hold” rating to a “buy” rating and raised their price target for the stock from $35.00 to $36.00 in a report on Wednesday, January 10th. StockNews.com lowered shares of Universal Logistics from a “buy” rating to a “hold” rating in a research report on Wednesday, April 17th.

Universal Logistics Stock Down 2.1 %

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 company has a 50-day simple moving average of $34.44 and a two-hundred day simple moving average of $29.41. The stock has a market cap of $865.34 million, a P/E ratio of 9.49 and a beta of 1.08.

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

Universal Logistics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were given a $0.105 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.42 annualized dividend and a dividend yield of 1.28%. Universal Logistics’s dividend payout ratio is 11.86%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ULH. FMR LLC lifted its holdings in shares of Universal Logistics by 16.3% during the third quarter. FMR LLC now owns 2,115,321 shares of the transportation company’s stock valued at $53,264,000 after purchasing an additional 295,701 shares during the last quarter. Scopus Asset Management L.P. raised its position in shares of Universal Logistics by 49.7% in the 3rd quarter. Scopus Asset Management L.P. now owns 135,500 shares of the transportation company’s stock worth $3,412,000 after purchasing an additional 45,000 shares during the last quarter. Pacific Ridge Capital Partners LLC bought a new position in Universal Logistics in the 4th quarter worth about $470,000. Dimensional Fund Advisors LP grew its position in Universal Logistics by 1.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 799,351 shares of the transportation company’s stock valued at $22,400,000 after purchasing an additional 12,826 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Universal Logistics during the 3rd quarter valued at about $253,000. 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.