Universal Logistics Holdings, Inc. $ULH Shares Sold by Denali Advisors LLC

Denali Advisors LLC trimmed its position in Universal Logistics Holdings, Inc. (NASDAQ:ULH) by 47.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 49,224 shares of the transportation company’s stock after selling 43,787 shares during the quarter. Denali Advisors LLC’s holdings in Universal Logistics were worth $748,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of ULH. State of Alaska Department of Revenue purchased a new stake in shares of Universal Logistics during the 3rd quarter worth about $31,000. BNP Paribas Financial Markets lifted its position in Universal Logistics by 102.3% during the third quarter. BNP Paribas Financial Markets now owns 1,428 shares of the transportation company’s stock valued at $33,000 after buying an additional 722 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Universal Logistics by 403.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,130 shares of the transportation company’s stock valued at $54,000 after buying an additional 1,707 shares in the last quarter. AlphaQuest LLC purchased a new stake in Universal Logistics during the third quarter worth approximately $102,000. Finally, Legal & General Group Plc increased its position in shares of Universal Logistics by 93.7% in the second quarter. Legal & General Group Plc now owns 13,514 shares of the transportation company’s stock worth $343,000 after acquiring an additional 6,538 shares in the last quarter. 25.50% of the stock is owned by institutional investors and hedge funds.

Universal Logistics Trading Down 2.8%

ULH opened at $13.04 on Friday. The firm’s 50 day moving average is $19.50 and its 200-day moving average is $17.42. Universal Logistics Holdings, Inc. has a 52-week low of $12.17 and a 52-week high of $30.76. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $343.60 million, a P/E ratio of -5.20 and a beta of 0.79.

Universal Logistics (NASDAQ:ULH) last released its quarterly earnings results on Friday, May 1st. The transportation company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.22). Universal Logistics had a negative net margin of 4.29% and a positive return on equity of 2.61%. The firm had revenue of $367.58 million for the quarter, compared to analyst estimates of $372.30 million. Analysts expect that Universal Logistics Holdings, Inc. will post 0.55 EPS for the current fiscal year.

Universal Logistics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be paid a dividend of $0.105 per share. The ex-dividend date is Monday, June 1st. This represents a $0.42 annualized dividend and a dividend yield of 3.2%. Universal Logistics’s dividend payout ratio (DPR) is currently -16.73%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ULH shares. Weiss Ratings reissued a “sell (d)” rating on shares of Universal Logistics in a research note on Friday, March 27th. Wall Street Zen upgraded Universal Logistics from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Zacks Research lowered Universal Logistics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Finally, Stifel Nicolaus reduced their price objective on Universal Logistics from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Tuesday, May 5th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $17.00.

About Universal Logistics

Universal Logistics Holdings, Inc is a diversified, asset-light third-party logistics provider offering transportation and supply chain solutions across North America and around the globe. Its service portfolio encompasses truckload, less-than-truckload, intermodal, and specialized freight services, supported by dedicated brokerage, warehousing, and distribution management capabilities.

Originally incorporated as Universal Truckload Services, Inc, the company has evolved beyond its core truckload heritage to a one-stop logistics platform.