Wedge Capital Management L L P NC boosted its position in shares of Universal Logistics Holdings Inc (NASDAQ:ULH) by 93.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,334 shares of the transportation company’s stock after acquiring an additional 16,134 shares during the quarter. Wedge Capital Management L L P NC owned 0.12% of Universal Logistics worth $1,227,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in Universal Logistics by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 493,481 shares of the transportation company’s stock worth $10,437,000 after buying an additional 29,880 shares in the last quarter. Rhumbline Advisers purchased a new stake in Universal Logistics in the second quarter worth about $236,000. Sterling Capital Management LLC purchased a new stake in Universal Logistics in the second quarter worth about $879,000. James Investment Research Inc. purchased a new stake in Universal Logistics in the third quarter worth about $2,157,000. Finally, Meeder Asset Management Inc. increased its position in Universal Logistics by 955.2% in the second quarter. Meeder Asset Management Inc. now owns 8,347 shares of the transportation company’s stock worth $219,000 after buying an additional 7,556 shares in the last quarter. Institutional investors and hedge funds own 26.05% of the company’s stock.
ULH has been the subject of several research analyst reports. Stifel Nicolaus increased their target price on Universal Logistics from $28.00 to $35.00 and gave the stock a “hold” rating in a research report on Monday, July 30th. ValuEngine upgraded Universal Logistics from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 30th. Citigroup cut their target price on Universal Logistics from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Monday, October 29th. Zacks Investment Research upgraded Universal Logistics from a “hold” rating to a “strong-buy” rating and set a $41.00 target price for the company in a research report on Tuesday, August 21st. Finally, Loop Capital initiated coverage on Universal Logistics in a research report on Wednesday, October 17th. They set a “hold” rating and a $35.00 target price for the company. Five investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $35.25.
Universal Logistics (NASDAQ:ULH) last released its earnings results on Thursday, October 25th. The transportation company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.01. Universal Logistics had a return on equity of 27.43% and a net margin of 4.86%. The firm had revenue of $374.29 million during the quarter, compared to analysts’ expectations of $341.00 million. As a group, research analysts anticipate that Universal Logistics Holdings Inc will post 1.88 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Monday, November 5th will be paid a dividend of $0.105 per share. The ex-dividend date is Friday, November 2nd. This is a positive change from Universal Logistics’s previous quarterly dividend of $0.07. This represents a $0.42 dividend on an annualized basis and a yield of 1.55%. Universal Logistics’s dividend payout ratio is presently 57.53%.
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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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