Universal Logistics (NASDAQ:ULH) Sees Strong Trading Volume - Still a Buy?

Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH - Get Free Report) saw an uptick in trading volume on Friday . 49,031 shares traded hands during mid-day trading, an increase of 2% from the previous session's volume of 48,168 shares.The stock last traded at $26.98 and had previously closed at $26.92.

Analysts Set New Price Targets

A number of brokerages have weighed in on ULH. Wall Street Zen raised shares of Universal Logistics from a "sell" rating to a "hold" rating in a research note on Monday, May 12th. Stifel Nicolaus lowered their target price on shares of Universal Logistics from $37.00 to $29.00 and set a "hold" rating on the stock in a report on Tuesday, April 29th.

Universal Logistics Stock Performance

The stock has a market capitalization of $712.23 million, a price-to-earnings ratio of 8.52 and a beta of 1.00. The company's fifty day simple moving average is $24.90 and its 200 day simple moving average is $30.31. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.00.

Universal Logistics (NASDAQ:ULH - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The transportation company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.25). Universal Logistics had a net margin of 4.81% and a return on equity of 13.18%. The business had revenue of $382.39 million during the quarter, compared to analyst estimates of $400.60 million. On average, equities research analysts expect that Universal Logistics Holdings, Inc. will post 2.81 earnings per share for the current year.

Universal Logistics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Monday, June 2nd were given a dividend of $0.105 per share. The ex-dividend date was Monday, June 2nd. This represents a $0.42 annualized dividend and a yield of 1.55%. Universal Logistics's dividend payout ratio is 13.21%.

Institutional Investors Weigh In On Universal Logistics

Several institutional investors and hedge funds have recently bought and sold shares of ULH. FMR LLC raised its holdings in Universal Logistics by 15.2% in the 4th quarter. FMR LLC now owns 2,924,397 shares of the transportation company's stock valued at $134,347,000 after buying an additional 386,538 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of Universal Logistics during the 4th quarter worth approximately $4,437,000. Invesco Ltd. grew its position in shares of Universal Logistics by 551.2% during the 4th quarter. Invesco Ltd. now owns 96,054 shares of the transportation company's stock worth $4,413,000 after buying an additional 81,304 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Universal Logistics during the 4th quarter worth approximately $1,734,000. Finally, AQR Capital Management LLC bought a new position in shares of Universal Logistics in the 1st quarter worth $789,000. Institutional investors own 25.50% of the company's stock.

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.

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