Universal Logistics Holdings, Inc. (NASDAQ:ULH) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its holdings in shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH) by 30.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,142 shares of the transportation company’s stock after purchasing an additional 2,111 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Universal Logistics were worth $420,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new position in Universal Logistics during the fourth quarter worth $64,000. Wells Fargo & Company MN boosted its holdings in Universal Logistics by 31.0% during the 4th quarter. Wells Fargo & Company MN now owns 3,708 shares of the transportation company’s stock valued at $170,000 after acquiring an additional 877 shares during the period. SG Americas Securities LLC grew its position in Universal Logistics by 15.6% in the 4th quarter. SG Americas Securities LLC now owns 3,831 shares of the transportation company’s stock valued at $176,000 after acquiring an additional 516 shares in the last quarter. Commonwealth Equity Services LLC purchased a new stake in Universal Logistics during the fourth quarter worth about $293,000. Finally, Jane Street Group LLC increased its stake in Universal Logistics by 23.8% during the third quarter. Jane Street Group LLC now owns 9,276 shares of the transportation company’s stock worth $400,000 after purchasing an additional 1,783 shares during the period. 25.50% of the stock is currently owned by hedge funds and other institutional investors.

Universal Logistics Price Performance

ULH stock opened at $23.41 on Monday. Universal Logistics Holdings, Inc. has a 1 year low of $20.60 and a 1 year high of $53.29. The firm has a market capitalization of $616.08 million, a P/E ratio of 4.74 and a beta of 1.00. 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 business’s 50-day moving average is $25.97 and its two-hundred day moving average is $37.58.

Universal Logistics (NASDAQ:ULH) last issued its quarterly earnings results on Thursday, April 24th. The transportation company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.25). Universal Logistics had a return on equity of 21.37% and a net margin of 7.04%. The firm had revenue of $382.39 million during the quarter, compared to analysts’ expectations of $400.60 million. Analysts anticipate that Universal Logistics Holdings, Inc. will post 2.81 earnings per share for the current fiscal year.

Universal Logistics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be paid a dividend of $0.105 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.79%. Universal Logistics’s payout ratio is currently 13.21%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Stifel Nicolaus dropped their price objective on shares of Universal Logistics from $37.00 to $29.00 and set a “hold” rating for the company in a report on Tuesday, April 29th. StockNews.com downgraded shares of Universal Logistics from a “hold” rating to a “sell” rating in a research note on Monday, April 28th.

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.