Universal Logistics (NASDAQ:ULH) Sees Strong Trading Volume

Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH) saw strong trading volume on Wednesday . 13,962 shares traded hands during mid-day trading, a decline of 49% from the previous session’s volume of 27,442 shares.The stock last traded at $32.94 and had previously closed at $32.88.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. StockNews.com downgraded shares of Universal Logistics from a “buy” rating to a “hold” rating in a research report on Wednesday. Stifel Nicolaus raised shares of Universal Logistics from a “hold” rating to a “buy” rating and lifted their price objective for the company from $35.00 to $36.00 in a research report on Wednesday, January 10th.

Universal Logistics Trading Up 1.3 %

The business’s 50 day moving average price is $34.27 and its 200-day moving average price is $29.11. 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 company has a market cap of $847.18 million, a price-to-earnings ratio of 9.10 and a beta of 1.08.

Universal Logistics (NASDAQ:ULH) last posted its earnings results on Thursday, February 15th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.10. The company had revenue of $390.92 million during the quarter, compared to analysts’ expectations of $377.30 million. Universal Logistics had a net margin of 5.59% and a return on equity of 18.58%. On average, equities analysts anticipate that Universal Logistics Holdings, Inc. will post 3.65 EPS for the current fiscal year.

Universal Logistics Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders 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 1.30%. The ex-dividend date was Friday, March 1st. Universal Logistics’s dividend payout ratio is presently 11.86%.

Institutional Trading of Universal Logistics

A number of hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in Universal Logistics by 8.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,898 shares of the transportation company’s stock worth $106,000 after purchasing an additional 302 shares in the last quarter. UBS Group AG raised its stake in Universal Logistics by 5.4% in the 3rd quarter. UBS Group AG now owns 7,291 shares of the transportation company’s stock worth $231,000 after purchasing an additional 375 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Universal Logistics by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 50,633 shares of the transportation company’s stock worth $1,693,000 after purchasing an additional 383 shares in the last quarter. State of Wyoming raised its stake in Universal Logistics by 23.8% in the 2nd quarter. State of Wyoming now owns 2,063 shares of the transportation company’s stock worth $59,000 after purchasing an additional 396 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in Universal Logistics by 2.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 14,930 shares of the transportation company’s stock worth $418,000 after purchasing an additional 416 shares in the last quarter. Institutional investors and hedge funds 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.