Universal Logistics Holdings, Inc. (NASDAQ:ULH) Shares Sold by LSV Asset Management

LSV Asset Management trimmed its position in Universal Logistics Holdings, Inc. (NASDAQ:ULH) by 26.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 238,303 shares of the transportation company’s stock after selling 86,636 shares during the period. LSV Asset Management owned 0.91% of Universal Logistics worth $10,948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ULH. JPMorgan Chase & Co. raised its position in Universal Logistics by 126.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,854 shares of the transportation company’s stock worth $770,000 after buying an additional 9,966 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Universal Logistics during the fourth quarter worth $753,000. Barclays PLC lifted its position 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 purchasing an additional 8,461 shares during the period. State Street Corp lifted its position in 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 purchasing an additional 911 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in Universal Logistics by 7.3% in the fourth quarter. New York State Common Retirement Fund now owns 31,157 shares of the transportation company’s stock valued at $1,431,000 after purchasing an additional 2,109 shares during the last quarter. Hedge funds and other institutional investors own 25.50% of the company’s stock.

Analysts Set New Price Targets

Separately, Stifel Nicolaus lifted their price objective on Universal Logistics from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd.

Universal Logistics Trading Down 2.3 %

Universal Logistics stock opened at $26.01 on Friday. The firm has a market cap of $684.51 million, a PE ratio of 5.27 and a beta of 0.92. Universal Logistics Holdings, Inc. has a 12 month low of $22.86 and a 12 month high of $53.29. The stock’s 50 day simple moving average is $27.83 and its two-hundred day simple moving average is $39.60. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.75.

Universal Logistics (NASDAQ:ULH) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.16). Universal Logistics had a return on equity of 21.37% and a net margin of 7.04%. During the same quarter in the previous year, the company earned $0.81 EPS. Analysts anticipate that Universal Logistics Holdings, Inc. will post 2.81 earnings per share for the current year.

Universal Logistics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Monday, March 3rd. Universal Logistics’s dividend payout ratio (DPR) is presently 8.50%.

Universal Logistics 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.