Strs Ohio lessened its holdings in shares of Universal Logistics Holdings Inc (NASDAQ:ULH) by 32.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,800 shares of the transportation company’s stock after selling 9,000 shares during the quarter. Strs Ohio owned 0.07% of Universal Logistics worth $691,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in Universal Logistics by 6.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 493,481 shares of the transportation company’s stock worth $10,437,000 after acquiring an additional 29,880 shares during the last quarter. Rhumbline Advisers purchased a new position in Universal Logistics during the 2nd quarter worth $236,000. Sterling Capital Management LLC purchased a new position in Universal Logistics during the 2nd quarter worth $879,000. Tower Research Capital LLC TRC boosted its holdings in Universal Logistics by 1,306.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 20,225 shares of the transportation company’s stock worth $531,000 after acquiring an additional 18,787 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its holdings in Universal Logistics by 955.2% during the 2nd quarter. Meeder Asset Management Inc. now owns 8,347 shares of the transportation company’s stock worth $219,000 after acquiring an additional 7,556 shares during the last quarter. 26.05% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:ULH opened at $27.22 on Thursday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $778.02 million, a P/E ratio of 37.29 and a beta of 1.74. Universal Logistics Holdings Inc has a fifty-two week low of $20.38 and a fifty-two week high of $37.67.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Monday, November 5th will be issued a $0.105 dividend. This is an increase from Universal Logistics’s previous quarterly dividend of $0.07. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Friday, November 2nd. Universal Logistics’s payout ratio is 57.53%.
ULH has been the topic of a number of analyst reports. ValuEngine downgraded shares of Universal Logistics from a “buy” rating to a “hold” rating in a report on Monday, October 29th. BidaskClub downgraded shares of Universal Logistics from a “strong-buy” rating to a “buy” rating in a report on Friday, October 12th. Citigroup boosted their price target on shares of Universal Logistics from $26.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, July 30th. Loop Capital cut their price target on shares of Universal Logistics to $31.00 and set a “hold” rating on the stock in a report on Monday, October 29th. Finally, Zacks Investment Research raised shares of Universal Logistics from a “hold” rating to a “strong-buy” rating and set a $41.00 price target on the stock in a report on Tuesday, August 21st. Five equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Universal Logistics has a consensus rating of “Hold” and an average target price of $35.25.
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Universal Logistics Company Profile
Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. It offers transportation services including dry van, flatbed, heavy haul, and refrigerated services; domestic and international freight forwarding and customs brokerage services; and final mile and ground expedite services.
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