Universal Logistics (NASDAQ:ULH) Shares Gap Up – Time to Buy?

Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH) gapped up prior to trading on Tuesday . The stock had previously closed at $47.70, but opened at $51.00. Universal Logistics shares last traded at $51.00, with a volume of 217 shares.

Analysts Set New Price Targets

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

Universal Logistics Price Performance

The firm has a market capitalization of $1.27 billion, a P/E ratio of 9.58 and a beta of 0.89. 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 firm has a 50 day moving average price of $46.50 and a 200-day moving average price of $43.21.

Universal Logistics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Monday, December 2nd. Universal Logistics’s dividend payout ratio (DPR) is 8.43%.

Institutional Investors Weigh In On Universal Logistics

Hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC raised its holdings in shares of Universal Logistics by 4.1% in the third quarter. FMR LLC now owns 2,537,859 shares of the transportation company’s stock valued at $109,407,000 after acquiring an additional 100,563 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Universal Logistics by 1.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 827,669 shares of the transportation company’s stock worth $33,594,000 after purchasing an additional 14,720 shares during the last quarter. Geode Capital Management LLC grew its stake in Universal Logistics by 2.3% in the third quarter. Geode Capital Management LLC now owns 183,374 shares of the transportation company’s stock valued at $7,907,000 after purchasing an additional 4,130 shares during the last quarter. American Century Companies Inc. raised its holdings in Universal Logistics by 27.1% in the second quarter. American Century Companies Inc. now owns 170,640 shares of the transportation company’s stock worth $6,926,000 after purchasing an additional 36,377 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Universal Logistics by 0.6% during the third quarter. State Street Corp now owns 147,251 shares of the transportation company’s stock valued at $6,363,000 after buying an additional 911 shares during the last quarter. 25.50% of the stock is currently owned by hedge funds and other institutional investors.

About Universal Logistics

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.