Empowered Funds LLC Acquires 4,977 Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH)

Empowered Funds LLC raised its holdings in shares of Universal Logistics Holdings, Inc. (NASDAQ:ULHFree Report) by 5.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 103,132 shares of the transportation company’s stock after purchasing an additional 4,977 shares during the period. Empowered Funds LLC’s holdings in Universal Logistics were worth $4,738,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. FMR LLC boosted its position in shares of Universal Logistics by 4.1% during the third quarter. FMR LLC now owns 2,537,859 shares of the transportation company’s stock valued at $109,407,000 after buying an additional 100,563 shares during the last quarter. Geode Capital Management LLC lifted its stake in Universal Logistics by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 183,374 shares of the transportation company’s stock valued at $7,907,000 after acquiring an additional 4,130 shares during the period. State Street Corp boosted its holdings in shares of Universal Logistics by 0.6% during the 3rd quarter. State Street Corp now owns 147,251 shares of the transportation company’s stock valued at $6,363,000 after acquiring an additional 911 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Universal Logistics by 3.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 57,124 shares of the transportation company’s stock worth $2,463,000 after acquiring an additional 1,864 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of Universal Logistics by 1.7% during the third 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. Institutional investors own 25.50% of the company’s stock.

Universal Logistics Stock Performance

Shares of ULH opened at $28.91 on Wednesday. Universal Logistics Holdings, Inc. has a one year low of $27.92 and a one year high of $53.29. The business has a fifty day moving average of $44.98 and a 200 day moving average of $44.14. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market capitalization of $760.91 million, a P/E ratio of 5.85 and a beta of 0.90.

Universal Logistics (NASDAQ:ULHGet Free Report) last released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 period in the prior year, the company earned $0.81 EPS. As a group, sell-side analysts anticipate that Universal Logistics Holdings, Inc. will post 4.64 EPS for the current year.

Universal Logistics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be given a $0.105 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.42 annualized dividend and a yield of 1.45%. Universal Logistics’s payout ratio is presently 8.50%.

Wall Street Analyst Weigh In

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

Read Our Latest Analysis on ULH

Universal Logistics Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Universal Logistics (NASDAQ:ULH)

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