LSV Asset Management Has $881,000 Stock Position in Universal Logistics Holdings, Inc. $ULH

LSV Asset Management lowered its holdings in shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH) by 63.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 34,697 shares of the transportation company’s stock after selling 59,796 shares during the period. LSV Asset Management owned about 0.13% of Universal Logistics worth $881,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ULH. AQR Capital Management LLC acquired a new stake in Universal Logistics in the first quarter valued at $789,000. Nuveen LLC acquired a new stake in shares of Universal Logistics in the first quarter valued at about $701,000. American Century Companies Inc. raised its position in shares of Universal Logistics by 7.4% during the first quarter. American Century Companies Inc. now owns 248,737 shares of the transportation company’s stock worth $6,527,000 after acquiring an additional 17,120 shares during the last quarter. Strs Ohio bought a new position in shares of Universal Logistics during the first quarter worth about $315,000. Finally, Geode Capital Management LLC lifted its stake in shares of Universal Logistics by 4.3% in the second quarter. Geode Capital Management LLC now owns 193,413 shares of the transportation company’s stock worth $4,910,000 after acquiring an additional 8,039 shares during the period. Institutional investors and hedge funds own 25.50% of the company’s stock.

Wall Street Analysts Forecast Growth

ULH has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Universal Logistics in a research report on Wednesday. Zacks Research cut shares of Universal Logistics from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th. Stifel Nicolaus dropped their target price on shares of Universal Logistics from $28.00 to $24.00 and set a “hold” rating on the stock in a report on Friday, October 10th. Finally, Wall Street Zen upgraded Universal Logistics from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Sell” and a consensus price target of $24.00.

Universal Logistics Stock Up 10.1%

Shares of NASDAQ:ULH opened at $14.27 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.28 and a current ratio of 1.28. Universal Logistics Holdings, Inc. has a 52-week low of $12.78 and a 52-week high of $52.71. The business’s 50 day simple moving average is $19.11 and its two-hundred day simple moving average is $23.04. The firm has a market cap of $375.73 million, a P/E ratio of 6.12 and a beta of 0.90.

Universal Logistics (NASDAQ:ULH) last posted its earnings results on Thursday, November 6th. The transportation company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. The company had revenue of $396.79 million for the quarter, compared to analyst estimates of $422.80 million. Universal Logistics had a net margin of 3.66% and a return on equity of 9.47%. As a group, research analysts forecast that Universal Logistics Holdings, Inc. will post 2.81 EPS for the current fiscal year.

Universal Logistics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 1st will be issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, December 1st. Universal Logistics’s payout ratio is currently -27.63%.

About Universal Logistics

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.