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

Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH) saw strong trading volume on Wednesday . 33,085 shares changed hands during 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.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus lifted their target price 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 Trading Down 1.0 %

The firm has a market capitalization of $1.20 billion, a P/E ratio of 9.15 and a beta of 0.92. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.75. The stock has a 50 day simple moving average of $46.60 and a 200-day simple moving average of $44.32.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. FMR LLC grew its position in shares of Universal Logistics by 4.1% during the third quarter. FMR LLC now owns 2,537,859 shares of the transportation company’s stock worth $109,407,000 after purchasing an additional 100,563 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Universal Logistics in the second quarter worth $970,000. JPMorgan Chase & Co. boosted its position in shares of Universal Logistics by 126.3% during the third quarter. JPMorgan Chase & Co. now owns 17,854 shares of the transportation company’s stock worth $770,000 after acquiring an additional 9,966 shares during the last quarter. Barclays PLC grew its stake in Universal Logistics by 339.7% during the third quarter. Barclays PLC now owns 10,952 shares of the transportation company’s stock valued at $473,000 after acquiring an additional 8,461 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Universal Logistics during the 3rd quarter valued at about $358,000. 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.