Universal Logistics (NASDAQ:ULH) Sees Large Volume Increase

Universal Logistics Holdings, Inc. (NASDAQ:ULH - Get Free Report) shares saw strong trading volume on Wednesday . 13,962 shares were traded during mid-day 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.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Stifel Nicolaus raised Universal Logistics from a "hold" rating to a "buy" rating and raised their target price 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 report on Wednesday.

Universal Logistics Stock Performance

The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market capitalization of $836.13 million, a PE ratio of 9.29 and a beta of 1.08. The firm's 50 day moving average price is $34.22 and its 200-day moving average price is $29.06.

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

Universal Logistics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were issued a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.32%. The ex-dividend date was Friday, March 1st. Universal Logistics's payout ratio is presently 11.86%.

Hedge Funds Weigh In On Universal Logistics

A number of large investors have recently added to or reduced their stakes in ULH. Point72 Middle East FZE purchased a new stake in shares of Universal Logistics during the fourth quarter worth about $30,000. Barclays PLC increased its stake in Universal Logistics by 532.5% during the 4th quarter. Barclays PLC now owns 1,929 shares of the transportation company's stock worth $65,000 after buying an additional 1,624 shares in the last quarter. State of Wyoming increased its stake in Universal Logistics by 23.8% during the 2nd quarter. State of Wyoming now owns 2,063 shares of the transportation company's stock worth $59,000 after buying an additional 396 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Universal Logistics by 82.5% during the second quarter. Wells Fargo & Company MN now owns 2,709 shares of the transportation company's stock valued at $78,000 after acquiring an additional 1,225 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Universal Logistics by 268.5% in the fourth quarter. Legal & General Group Plc now owns 2,716 shares of the transportation company's stock valued at $91,000 after acquiring an additional 1,979 shares in the last quarter. 25.50% of the stock is currently owned by institutional investors and hedge funds.

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.