Empowered Funds LLC Buys 4,958 Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH)

Empowered Funds LLC raised its stake in shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH) by 5.3% in the third quarter, Holdings Channel reports. The fund owned 98,155 shares of the transportation company’s stock after acquiring an additional 4,958 shares during the period. Empowered Funds LLC’s holdings in Universal Logistics were worth $4,231,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its holdings in Universal Logistics by 1.7% during the 3rd quarter. Victory Capital Management Inc. now owns 37,564 shares of the transportation company’s stock valued at $1,619,000 after purchasing an additional 643 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Universal Logistics in the third quarter valued at approximately $143,000. AQR Capital Management LLC boosted its holdings in shares of Universal Logistics by 82.5% in the 2nd quarter. AQR Capital Management LLC now owns 14,003 shares of the transportation company’s stock worth $568,000 after acquiring an additional 6,332 shares in the last quarter. Denali Advisors LLC boosted its holdings in shares of Universal Logistics by 33.6% in the 2nd quarter. Denali Advisors LLC now owns 83,831 shares of the transportation company’s stock worth $3,403,000 after acquiring an additional 21,100 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Universal Logistics during the 2nd quarter worth approximately $970,000. Institutional investors and hedge funds own 25.50% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Universal Logistics from a “buy” rating to a “hold” rating in a research note on Monday, August 12th.

Universal Logistics Trading Down 0.3 %

ULH opened at $48.87 on Monday. Universal Logistics Holdings, Inc. has a 1-year low of $23.08 and a 1-year high of $53.29. The stock has a market capitalization of $1.29 billion, a PE ratio of 9.81 and a beta of 0.84. The company has a current ratio of 1.36, a quick ratio of 1.26 and a debt-to-equity ratio of 0.75. The firm has a 50-day moving average price of $44.20 and a two-hundred day moving average price of $42.87.

Universal Logistics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Monday, December 2nd. Universal Logistics’s dividend payout ratio is currently 8.43%.

Universal Logistics Company 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.