Bank of New York Mellon Corp Reduces Stock Holdings in Universal Logistics Holdings, Inc. (NASDAQ:ULH)

Bank of New York Mellon Corp lowered its position in Universal Logistics Holdings, Inc. (NASDAQ:ULH - Free Report) by 37.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,912 shares of the transportation company's stock after selling 56,690 shares during the quarter. Bank of New York Mellon Corp owned 0.36% of Universal Logistics worth $4,314,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. SG Americas Securities LLC boosted its stake in shares of Universal Logistics by 15.6% during the fourth 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 during the last quarter. PDT Partners LLC acquired a new stake in shares of Universal Logistics during the third quarter valued at $301,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Universal Logistics during the third quarter valued at $358,000. Jane Street Group LLC boosted its stake in shares of Universal Logistics by 23.8% during the third quarter. Jane Street Group LLC now owns 9,276 shares of the transportation company's stock valued at $400,000 after acquiring an additional 1,783 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Universal Logistics by 4.8% during the fourth quarter. Rhumbline Advisers now owns 10,353 shares of the transportation company's stock valued at $476,000 after acquiring an additional 470 shares during the last quarter. Hedge funds and other institutional investors own 25.50% of the company's stock.

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Analyst Ratings Changes

Separately, Stifel Nicolaus raised their price target on Universal Logistics from $42.00 to $44.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd.

Universal Logistics Trading Down 0.8 %

NASDAQ:ULH traded down $0.22 during mid-day trading on Friday, reaching $26.47. The company's stock had a trading volume of 71,826 shares, compared to its average volume of 44,995. The company's fifty day simple moving average is $34.08 and its two-hundred day simple moving average is $41.49. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.36 and a quick ratio of 1.36. Universal Logistics Holdings, Inc. has a twelve month low of $25.13 and a twelve month high of $53.29. The stock has a market cap of $696.64 million, a P/E ratio of 5.36 and a beta of 0.96.

Universal Logistics (NASDAQ:ULH - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.77 EPS for the quarter, missing analysts' consensus estimates of $0.93 by ($0.16). Universal Logistics had a return on equity of 21.37% and a net margin of 7.04%. During the same period in the previous year, the company earned $0.81 earnings per share. On average, equities analysts predict that Universal Logistics Holdings, Inc. will post 2.81 EPS for the current year.

Universal Logistics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be issued a $0.105 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.59%. 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.