Universal Logistics (NASDAQ:ULH) Sees Strong Trading Volume – Here’s Why

Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH) saw unusually-strong trading volume on Wednesday . Approximately 33,085 shares changed hands 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 raised their price objective on Universal Logistics from $42.00 to $44.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd.

Universal Logistics Price Performance

The stock has a 50 day moving average of $46.64 and a two-hundred day moving average of $44.31. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a market cap of $1.21 billion, a PE ratio of 9.26 and a beta of 0.92.

Hedge Funds Weigh In On Universal Logistics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Universal Logistics in the third quarter valued at $143,000. PDT Partners LLC purchased a new stake in Universal Logistics in the 3rd quarter worth about $301,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Universal Logistics during the 3rd quarter worth about $358,000. Jane Street Group LLC grew its stake in Universal Logistics by 23.8% during the 3rd quarter. Jane Street Group LLC now owns 9,276 shares of the transportation company’s stock valued at $400,000 after acquiring an additional 1,783 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Universal Logistics by 339.7% in 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. Institutional investors and hedge funds 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.