Universal Logistics (NASDAQ:ULH) Sees Large Volume Increase

Universal Logistics Holdings, Inc. (NASDAQ:ULH) saw unusually-high trading volume on Thursday . Approximately 18,524 shares changed hands during mid-day trading, a decline of 52% from the previous session’s volume of 38,676 shares.The stock last traded at $42.90 and had previously closed at $41.52.

Analyst Ratings Changes

Separately, StockNews.com downgraded Universal Logistics from a “buy” rating to a “hold” rating in a research note on Monday, August 12th.

Universal Logistics Price Performance

The firm has a market capitalization of $1.09 billion, a P/E ratio of 9.05 and a beta of 0.82. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a 50-day moving average of $41.01 and a 200-day moving average of $39.60.

Universal Logistics (NASDAQ:ULH) last released its quarterly earnings data on Thursday, July 25th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.03. The business had revenue of $462.16 million for the quarter, compared to analysts’ expectations of $461.60 million. Universal Logistics had a return on equity of 22.84% and a net margin of 7.23%. During the same period in the prior year, the firm posted $0.90 EPS. As a group, analysts predict that Universal Logistics Holdings, Inc. will post 5.25 EPS for the current year.

Universal Logistics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 2nd will be given a $0.105 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.42 annualized dividend and a yield of 1.01%. Universal Logistics’s dividend payout ratio (DPR) is presently 9.17%.

Hedge Funds Weigh In On Universal Logistics

Hedge funds and other institutional investors have recently modified their holdings of the company. Innealta Capital LLC bought a new position in shares of Universal Logistics during the 2nd quarter valued at $48,000. BNP Paribas Financial Markets lifted its holdings in shares of Universal Logistics by 77.7% during the 1st quarter. BNP Paribas Financial Markets now owns 3,347 shares of the transportation company’s stock valued at $123,000 after buying an additional 1,463 shares during the period. O Shaughnessy Asset Management LLC bought a new position in shares of Universal Logistics during the 1st quarter valued at $260,000. Quadrature Capital Ltd lifted its holdings in shares of Universal Logistics by 8.3% during the 4th quarter. Quadrature Capital Ltd now owns 10,862 shares of the transportation company’s stock valued at $304,000 after buying an additional 834 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of Universal Logistics by 82.5% during the 2nd quarter. AQR Capital Management LLC now owns 14,003 shares of the transportation company’s stock valued at $568,000 after buying an additional 6,332 shares during the period. 25.50% of the stock is owned by 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.