Universal Logistics (NASDAQ:ULH) Sees Strong Trading Volume

Universal Logistics Holdings, Inc. (NASDAQ:ULH - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 47,585 shares traded hands during trading, an increase of 20% from the previous session's volume of 39,665 shares.The stock last traded at $46.50 and had previously closed at $47.54.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ULH shares. StockNews.com raised shares of Universal Logistics from a "hold" rating to a "buy" rating in a report on Friday, April 26th. Stifel Nicolaus reaffirmed a "hold" rating and set a $46.00 price objective (up from $36.00) on shares of Universal Logistics in a report on Monday, April 29th.

Universal Logistics Stock Performance

The company has a market capitalization of $1.21 billion, a PE ratio of 10.00 and a beta of 0.97. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.22 and a current ratio of 1.22. The business's 50-day moving average is $38.63 and its 200-day moving average is $32.25.

Universal Logistics (NASDAQ:ULH - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The transportation company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $1.26. Universal Logistics had a return on equity of 22.78% and a net margin of 7.02%. The firm had revenue of $491.91 million during the quarter, compared to analyst estimates of $416.50 million. On average, research analysts anticipate that Universal Logistics Holdings, Inc. will post 5.35 earnings per share for the current year.

Universal Logistics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 0.92%. The ex-dividend date is Monday, June 3rd. Universal Logistics's dividend payout ratio is currently 9.17%.

Institutional Trading of Universal Logistics

Large investors have recently modified their holdings of the company. FMR LLC grew its position in shares of Universal Logistics by 16.3% during the 3rd quarter. FMR LLC now owns 2,115,321 shares of the transportation company's stock valued at $53,264,000 after acquiring an additional 295,701 shares during the period. Russell Investments Group Ltd. increased its position in Universal Logistics by 12.4% in the fourth quarter. Russell Investments Group Ltd. now owns 65,244 shares of the transportation company's stock worth $1,828,000 after buying an additional 7,204 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in shares of Universal Logistics by 2.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 14,930 shares of the transportation company's stock worth $418,000 after buying an additional 416 shares during the period. Quadrature Capital Ltd bought a new position in shares of Universal Logistics in the third quarter worth approximately $253,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Universal Logistics in the third quarter worth $171,000. 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.