Universal Logistics (NASDAQ:ULH) Sees Unusually-High Trading Volume - What's Next?

Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 76,621 shares changed hands during mid-day trading, an increase of 59% from the previous session's volume of 48,322 shares.The stock last traded at $24.67 and had previously closed at $24.60.

Wall Street Analysts Forecast Growth

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

Universal Logistics Price Performance

The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.00. The business has a fifty day simple moving average of $24.53 and a 200 day simple moving average of $31.73. The stock has a market capitalization of $675.10 million, a P/E ratio of 8.06 and a beta of 1.01.

Universal Logistics (NASDAQ:ULH - Get Free Report) last announced its earnings results 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 analysts' expectations of $400.60 million. Universal Logistics had a net margin of 4.81% and a return on equity of 13.18%. On average, analysts expect that Universal Logistics Holdings, Inc. will post 2.81 earnings per share for the current year.

Universal Logistics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.42 annualized dividend and a dividend yield of 1.64%. Universal Logistics's payout ratio is 13.21%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. KLP Kapitalforvaltning AS purchased a new position in Universal Logistics in the fourth quarter worth $64,000. Wells Fargo & Company MN boosted its position in 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 boosted its position in Universal Logistics by 15,197.9% in 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 last quarter. XTX Topco Ltd purchased a new position in Universal Logistics in the fourth quarter worth $218,000. Finally, Exchange Traded Concepts LLC purchased a new position in Universal Logistics in the first quarter worth $248,000. Hedge funds and other 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.