Janney Montgomery Scott LLC lessened its stake in shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH – Free Report) by 18.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,722 shares of the transportation company’s stock after selling 8,911 shares during the quarter. Janney Montgomery Scott LLC owned 0.15% of Universal Logistics worth $1,144,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Universal Logistics in the fourth quarter valued at approximately $3,361,000. Boston Partners purchased a new position in shares of Universal Logistics in the first quarter valued at approximately $2,729,000. Vanguard Group Inc. boosted its stake in shares of Universal Logistics by 29.1% in the third quarter. Vanguard Group Inc. now owns 410,810 shares of the transportation company’s stock valued at $13,031,000 after purchasing an additional 92,662 shares during the period. AQR Capital Management LLC boosted its stake in shares of Universal Logistics by 582.6% in the first quarter. AQR Capital Management LLC now owns 106,272 shares of the transportation company’s stock valued at $3,098,000 after purchasing an additional 90,704 shares during the period. Finally, Royce & Associates LP boosted its stake in shares of Universal Logistics by 63.5% in the first quarter. Royce & Associates LP now owns 204,774 shares of the transportation company’s stock valued at $5,969,000 after purchasing an additional 79,534 shares during the period. Hedge funds and other institutional investors own 24.65% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on ULH shares. StockNews.com started coverage on shares of Universal Logistics in a research note on Thursday, October 5th. They issued a “buy” rating for the company. Stifel Nicolaus decreased their price target on shares of Universal Logistics from $36.00 to $35.00 and set a “hold” rating for the company in a research note on Monday, August 14th.
Insiders Place Their Bets
In related news, Director Matthew T. Moroun acquired 14,303,973 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were bought at an average price of $24.62 per share, with a total value of $352,163,815.26. Following the completion of the acquisition, the director now owns 11,866,015 shares in the company, valued at $292,141,289.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 73.40% of the stock is owned by corporate insiders.
Universal Logistics Stock Down 1.5 %
Shares of Universal Logistics stock opened at $23.22 on Wednesday. Universal Logistics Holdings, Inc. has a 52-week low of $23.06 and a 52-week high of $45.00. The company has a 50 day moving average of $25.56 and a 200 day moving average of $27.69. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $610.32 million, a P/E ratio of 4.68 and a beta of 1.19.
Universal Logistics (NASDAQ:ULH – Get Free Report) last issued its quarterly earnings results on Thursday, July 27th. The transportation company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.11). Universal Logistics had a return on equity of 28.66% and a net margin of 7.19%. The firm had revenue of $412.57 million during the quarter, compared to analysts’ expectations of $448.10 million. As a group, research analysts forecast that Universal Logistics Holdings, Inc. will post 3.87 EPS for the current fiscal year.
Universal Logistics Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Monday, September 4th were issued a dividend of $0.105 per share. The ex-dividend date was Thursday, August 31st. This represents a $0.42 dividend on an annualized basis and a yield of 1.81%. Universal Logistics’s payout ratio is currently 8.47%.
Universal Logistics Profile
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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