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

Universal Logistics Holdings, Inc. (NASDAQ:ULH) shares 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.

Wall Street Analyst Weigh In

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

Universal Logistics Trading Up 0.9 %

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

Universal Logistics Dividend Announcement

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

Institutional Investors Weigh In On Universal Logistics

Large investors have recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new position in shares of Universal Logistics during the 2nd quarter worth approximately $48,000. SG Americas Securities LLC bought a new stake in Universal Logistics during the 3rd quarter valued at about $143,000. PDT Partners LLC purchased a new position in Universal Logistics in the third quarter worth about $301,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Universal Logistics in the third quarter worth approximately $358,000. Finally, Jane Street Group LLC lifted its position in Universal Logistics by 23.8% in 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. 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.