Universal Logistics (NASDAQ:ULH) Sees Large Volume Increase - Here's What Happened

Universal Logistics Holdings, Inc. (NASDAQ:ULH - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 49,031 shares changed 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.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wall Street Zen raised shares of Universal Logistics from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Stifel Nicolaus reduced their price target on Universal Logistics from $37.00 to $29.00 and set a "hold" rating on the stock in a research report on Tuesday, April 29th.

Universal Logistics Stock Performance

The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $701.69 million, a PE ratio of 8.38 and a beta of 1.00. The business has a 50 day simple moving average of $25.08 and a 200 day simple moving average of $29.80.

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

Universal Logistics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd were issued a $0.105 dividend. The ex-dividend date was Monday, June 2nd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.58%. Universal Logistics's dividend payout ratio is currently 13.21%.

Institutional Investors Weigh In On Universal Logistics

A number of large investors have recently made changes to their positions in the stock. KLP Kapitalforvaltning AS acquired a new stake in Universal Logistics during the 4th quarter worth about $64,000. Wells Fargo & Company MN raised its stake in shares of Universal Logistics by 31.0% in the fourth quarter. Wells Fargo & Company MN now owns 3,708 shares of the transportation company's stock worth $170,000 after purchasing an additional 877 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Universal Logistics by 15,197.9% during the first quarter. GAMMA Investing LLC now owns 7,190 shares of the transportation company's stock worth $189,000 after purchasing an additional 7,143 shares during the period. XTX Topco Ltd acquired a new stake in shares of Universal Logistics during the fourth quarter worth about $218,000. Finally, Exchange Traded Concepts LLC purchased a new stake in Universal Logistics in the first quarter valued at approximately $248,000. 25.50% of the stock is owned by hedge funds and other institutional investors.

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.