LSV Asset Management Decreases Stock Position in Universal Logistics Holdings, Inc. (NASDAQ:ULH)

LSV Asset Management cut its position in Universal Logistics Holdings, Inc. (NASDAQ:ULH) by 26.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 238,303 shares of the transportation company’s stock after selling 86,636 shares during the period. LSV Asset Management’s holdings in Universal Logistics were worth $10,948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ULH. FMR LLC boosted its stake in Universal Logistics by 15.2% during the 4th quarter. FMR LLC now owns 2,924,397 shares of the transportation company’s stock worth $134,347,000 after purchasing an additional 386,538 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Universal Logistics by 551.2% in the fourth quarter. Invesco Ltd. now owns 96,054 shares of the transportation company’s stock worth $4,413,000 after buying an additional 81,304 shares in the last quarter. American Century Companies Inc. boosted its position in Universal Logistics by 10.2% during the fourth quarter. American Century Companies Inc. now owns 231,617 shares of the transportation company’s stock worth $10,640,000 after acquiring an additional 21,516 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Universal Logistics during the 4th quarter valued at about $753,000. Finally, JPMorgan Chase & Co. raised its holdings in Universal Logistics by 126.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,854 shares of the transportation company’s stock valued at $770,000 after acquiring an additional 9,966 shares during the last quarter. 25.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Stifel Nicolaus boosted their target price on Universal Logistics from $42.00 to $44.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd.

Universal Logistics Stock Down 2.3 %

NASDAQ ULH opened at $26.01 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.75. Universal Logistics Holdings, Inc. has a 52 week low of $22.86 and a 52 week high of $53.29. The business’s fifty day simple moving average is $27.83 and its 200-day simple moving average is $39.60. The firm has a market cap of $684.51 million, a PE ratio of 5.27 and a beta of 0.92.

Universal Logistics (NASDAQ:ULH) last posted its earnings results on Thursday, February 6th. The transportation company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.16). Universal Logistics had a net margin of 7.04% and a return on equity of 21.37%. During the same quarter last year, the business earned $0.81 earnings per share. As a group, equities analysts anticipate that Universal Logistics Holdings, Inc. will post 2.81 earnings per share for the current year.

Universal Logistics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were paid a dividend of $0.105 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.42 annualized dividend and a yield of 1.61%. Universal Logistics’s dividend payout ratio (DPR) is 8.50%.

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.