Universal Logistics (NASDAQ:ULH) Sees Strong Trading Volume

Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULHGet Rating) saw unusually-strong trading volume on Friday . Approximately 3,361 shares were traded during trading, a decline of 91% from the previous session’s volume of 39,360 shares.The stock last traded at $35.08 and had previously closed at $35.69.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ULH shares. StockNews.com started coverage on shares of Universal Logistics in a research report on Wednesday, October 12th. They set a “strong-buy” rating for the company. Stifel Nicolaus lowered shares of Universal Logistics from a “buy” rating to a “hold” rating and set a $36.00 price target for the company. in a research report on Tuesday, November 1st. They noted that the move was a valuation call.

Universal Logistics Price Performance

The stock has a market cap of $922.95 million, a PE ratio of 6.17 and a beta of 1.18. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.50 and a quick ratio of 1.50. The firm’s 50 day moving average price is $35.56 and its two-hundred day moving average price is $33.94.

Universal Logistics (NASDAQ:ULHGet Rating) last posted its earnings results on Thursday, October 27th. The transportation company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.49. The firm had revenue of $505.69 million during the quarter, compared to the consensus estimate of $494.30 million. Universal Logistics had a net margin of 7.48% and a return on equity of 45.16%. On average, research analysts expect that Universal Logistics Holdings, Inc. will post 6.4 earnings per share for the current year.

Universal Logistics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 3rd. Stockholders of record on Monday, December 5th were paid a $0.105 dividend. The ex-dividend date of this dividend was Friday, December 2nd. This represents a $0.42 annualized dividend and a dividend yield of 1.20%. Universal Logistics’s payout ratio is 7.38%.

Hedge Funds Weigh In On Universal Logistics

Hedge funds have recently bought and sold shares of the company. Financial Management Professionals Inc. purchased a new position in Universal Logistics during the fourth quarter valued at approximately $26,000. Allspring Global Investments Holdings LLC purchased a new position in Universal Logistics during the third quarter valued at approximately $62,000. Quantbot Technologies LP purchased a new position in Universal Logistics during the third quarter valued at approximately $66,000. Lazard Asset Management LLC purchased a new position in Universal Logistics during the second quarter valued at approximately $63,000. Finally, JPMorgan Chase & Co. grew its stake in Universal Logistics by 8.4% during the second quarter. JPMorgan Chase & Co. now owns 3,898 shares of the transportation company’s stock valued at $106,000 after acquiring an additional 302 shares in the last quarter. Hedge funds and other institutional investors own 24.07% of the company’s stock.

Universal Logistics Company Profile

(Get Rating)

Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. It offers truckload services, which include dry van, flatbed, heavy-haul, and refrigerated operations; domestic and international freight forwarding, and customs brokerage services; and final mile and ground expedite services.

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