Universal Logistics (NASDAQ:ULH) Sees Large Volume Increase – Should You Buy?

Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH) saw an uptick in trading volume on Wednesday . 33,085 shares traded 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.

Analysts Set New Price Targets

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

Universal Logistics Stock Down 1.0 %

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 company has a market cap of $1.20 billion, a PE ratio of 9.15 and a beta of 0.92. The company’s 50 day moving average is $46.60 and its 200 day moving average is $44.32.

Institutional Trading of Universal Logistics

Hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers raised its position in shares of Universal Logistics by 4.8% in the 4th quarter. Rhumbline Advisers now owns 10,353 shares of the transportation company’s stock worth $476,000 after acquiring an additional 470 shares in the last quarter. SG Americas Securities LLC lifted its position in Universal Logistics by 15.6% during the fourth quarter. SG Americas Securities LLC now owns 3,831 shares of the transportation company’s stock valued at $176,000 after acquiring an additional 516 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Universal Logistics by 1.7% in the third quarter. Victory Capital Management Inc. now owns 37,564 shares of the transportation company’s stock valued at $1,619,000 after acquiring an additional 643 shares in the last quarter. State Street Corp grew its holdings in Universal Logistics by 0.6% in the third quarter. State Street Corp now owns 147,251 shares of the transportation company’s stock worth $6,363,000 after purchasing an additional 911 shares during the last quarter. Finally, Jane Street Group LLC increased its position in shares of Universal Logistics by 23.8% during the third quarter. Jane Street Group LLC now owns 9,276 shares of the transportation company’s stock worth $400,000 after purchasing an additional 1,783 shares in the last quarter. 25.50% of the stock is owned by hedge funds and other 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.