PDT Partners LLC Buys New Stake in Universal Logistics Holdings, Inc. (NASDAQ:ULH)

PDT Partners LLC bought a new stake in Universal Logistics Holdings, Inc. (NASDAQ:ULH) during the third quarter, HoldingsChannel reports. The institutional investor bought 6,980 shares of the transportation company’s stock, valued at approximately $301,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ULH. Innealta Capital LLC acquired a new position in Universal Logistics in the 2nd quarter valued at $48,000. Victory Capital Management Inc. raised its holdings in Universal Logistics by 339.1% in the 2nd quarter. Victory Capital Management Inc. now owns 36,921 shares of the transportation company’s stock valued at $1,499,000 after acquiring an additional 28,513 shares during the last quarter. Anchor Capital Advisors LLC raised its holdings in Universal Logistics by 1.8% in the 2nd quarter. Anchor Capital Advisors LLC now owns 26,403 shares of the transportation company’s stock valued at $1,072,000 after acquiring an additional 459 shares during the last quarter. American Century Companies Inc. raised its holdings in Universal Logistics by 27.1% in the 2nd quarter. American Century Companies Inc. now owns 170,640 shares of the transportation company’s stock valued at $6,926,000 after acquiring an additional 36,377 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Universal Logistics by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 827,669 shares of the transportation company’s stock valued at $33,594,000 after acquiring an additional 14,720 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, StockNews.com downgraded Universal Logistics from a “buy” rating to a “hold” rating in a report on Monday, August 12th.

Universal Logistics Trading Down 4.2 %

ULH stock opened at $49.80 on Wednesday. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 10.00 and a beta of 0.89. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.75. The business has a fifty day simple moving average of $46.10 and a 200-day simple moving average of $43.15. Universal Logistics Holdings, Inc. has a 52 week low of $24.88 and a 52 week high of $53.29.

Universal Logistics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.105 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.84%. Universal Logistics’s payout ratio is 8.43%.

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.