Boston Partners grew its holdings in Universal Logistics Holdings, Inc. (NASDAQ:ULH – Free Report) by 8.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 101,453 shares of the transportation company’s stock after buying an additional 7,846 shares during the quarter. Boston Partners owned 0.39% of Universal Logistics worth $2,923,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in ULH. Bank of New York Mellon Corp increased its position in shares of Universal Logistics by 3.4% in the first quarter. Bank of New York Mellon Corp now owns 174,476 shares of the transportation company’s stock valued at $3,516,000 after buying an additional 5,784 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Universal Logistics by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 670,525 shares of the transportation company’s stock worth $13,513,000 after buying an additional 18,919 shares in the last quarter. Vanguard Group Inc. increased its stake in Universal Logistics by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 333,886 shares of the transportation company’s stock worth $6,727,000 after buying an additional 8,148 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in Universal Logistics during the 1st quarter worth approximately $250,000. Finally, State Street Corp increased its stake in Universal Logistics by 2.9% during the 1st quarter. State Street Corp now owns 136,148 shares of the transportation company’s stock worth $2,758,000 after buying an additional 3,817 shares in the last quarter. 24.65% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts have commented on ULH shares. Stifel Nicolaus cut their price objective on Universal Logistics from $36.00 to $35.00 and set a “hold” rating for the company in a research note on Monday, August 14th. StockNews.com cut shares of Universal Logistics from a “buy” rating to a “hold” rating in a research note on Friday, November 10th.
Universal Logistics Trading Up 1.7 %
Shares of ULH opened at $24.43 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.62. Universal Logistics Holdings, Inc. has a 12-month low of $20.85 and a 12-month high of $45.00. The firm has a 50-day moving average price of $24.16 and a 200 day moving average price of $27.11. The firm has a market capitalization of $642.02 million, a P/E ratio of 6.11 and a beta of 1.13.
Universal Logistics (NASDAQ:ULH – Get Free Report) last announced its quarterly earnings data on Thursday, October 26th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.12). Universal Logistics had a net margin of 6.07% and a return on equity of 21.92%. The firm had revenue of $421.25 million during the quarter, compared to analysts’ expectations of $416.60 million. Sell-side analysts forecast that Universal Logistics Holdings, Inc. will post 3.87 EPS for the current year.
Universal Logistics Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 4th will be issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Friday, December 1st. Universal Logistics’s dividend payout ratio is presently 10.50%.
About Universal Logistics
Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. It offers truckload services, which include dry van, flatbed, heavy-haul, and refrigerated operations; domestic and international freight forwarding, and customs brokerage services.
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