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

Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 37,116 shares traded hands during mid-day 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.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Stifel Nicolaus raised shares of Universal Logistics from a "hold" rating to a "buy" rating and boosted their target price for the stock from $35.00 to $36.00 in a research note on Wednesday, January 10th. StockNews.com cut shares of Universal Logistics from a "buy" rating to a "hold" rating in a research note on Wednesday, April 17th.

Universal Logistics Stock Up 3.1 %

The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.58. The stock's 50-day simple moving average is $34.41 and its 200-day simple moving average is $29.38. The firm has a market capitalization of $908.48 million, a P/E ratio of 9.75 and a beta of 1.08.

Universal Logistics (NASDAQ:ULH - Get Free Report) last released its earnings results on Thursday, February 15th. The transportation company reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $377.30 million. As a group, research analysts predict that Universal Logistics Holdings, Inc. will post 3.65 earnings per share for the current fiscal year.

Universal Logistics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Friday, March 1st. Universal Logistics's payout ratio is currently 11.86%.

Institutional Trading of Universal Logistics

Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Universal Logistics in the 4th quarter worth about $110,000. DekaBank Deutsche Girozentrale purchased a new stake in Universal Logistics during the third quarter valued at approximately $171,000. Quadrature Capital Ltd purchased a new stake in Universal Logistics during the third quarter valued at approximately $253,000. Seizert Capital Partners LLC increased its stake in shares of Universal Logistics by 21.5% in the third quarter. Seizert Capital Partners LLC now owns 12,184 shares of the transportation company's stock worth $307,000 after purchasing an additional 2,157 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in shares of Universal Logistics by 13.0% in the third quarter. Exchange Traded Concepts LLC now owns 14,514 shares of the transportation company's stock worth $365,000 after purchasing an additional 1,674 shares in the last quarter. 25.50% of the stock is currently owned by hedge funds and other institutional investors.

About Universal Logistics

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.