Universal Logistics (NASDAQ:ULH) Sees Strong Trading Volume – Still a Buy?

Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH) saw unusually-high trading volume on Wednesday . Approximately 33,085 shares were traded during mid-day trading, a decline of 22% from the previous session’s volume of 42,235 shares.The stock last traded at $47.23 and had previously closed at $46.54.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus upped their price target on shares of Universal Logistics from $42.00 to $44.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd.

Universal Logistics Stock Performance

The company has a debt-to-equity ratio of 0.75, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a fifty day moving average price of $46.64 and a two-hundred day moving average price of $44.31. The company has a market cap of $1.21 billion, a P/E ratio of 9.26 and a beta of 0.92.

Institutional Trading of Universal Logistics

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its holdings in shares of Universal Logistics by 126.3% in the third quarter. JPMorgan Chase & Co. now owns 17,854 shares of the transportation company’s stock valued at $770,000 after acquiring an additional 9,966 shares in the last quarter. FMR LLC boosted its stake in Universal Logistics by 4.1% during the 3rd quarter. FMR LLC now owns 2,537,859 shares of the transportation company’s stock valued at $109,407,000 after purchasing an additional 100,563 shares in the last quarter. Barclays PLC increased its position in shares of Universal Logistics by 339.7% during the 3rd quarter. Barclays PLC now owns 10,952 shares of the transportation company’s stock valued at $473,000 after purchasing an additional 8,461 shares during the period. State Street Corp raised its stake in shares of Universal Logistics by 0.6% in the 3rd quarter. State Street Corp now owns 147,251 shares of the transportation company’s stock worth $6,363,000 after buying an additional 911 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Universal Logistics by 1.7% during the third quarter. Victory Capital Management Inc. now owns 37,564 shares of the transportation company’s stock valued at $1,619,000 after buying an additional 643 shares in the last quarter. 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.