Universal Logistics Holdings, Inc. (NASDAQ:ULH) Shares Purchased by Fmr LLC

FMR LLC raised its holdings in Universal Logistics Holdings, Inc. (NASDAQ:ULH - Free Report) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,537,859 shares of the transportation company's stock after purchasing an additional 100,563 shares during the quarter. FMR LLC owned about 9.64% of Universal Logistics worth $109,407,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. American Century Companies Inc. increased its stake in Universal Logistics by 27.1% in the 2nd quarter. American Century Companies Inc. now owns 170,640 shares of the transportation company's stock valued at $6,926,000 after buying an additional 36,377 shares during the period. Victory Capital Management Inc. raised its holdings in Universal Logistics by 339.1% during the second quarter. Victory Capital Management Inc. now owns 36,921 shares of the transportation company's stock worth $1,499,000 after purchasing an additional 28,513 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Universal Logistics in the second quarter valued at about $970,000. Denali Advisors LLC boosted its holdings in Universal Logistics by 33.6% in the 2nd quarter. Denali Advisors LLC now owns 83,831 shares of the transportation company's stock valued at $3,403,000 after purchasing an additional 21,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Universal Logistics by 1.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 827,669 shares of the transportation company's stock worth $33,594,000 after purchasing an additional 14,720 shares during the period. 25.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered Universal Logistics from a "buy" rating to a "hold" rating in a report on Monday, August 12th.

Universal Logistics Price Performance

Shares of NASDAQ ULH traded down $1.14 during trading on Thursday, reaching $47.27. The company had a trading volume of 37,285 shares, compared to its average volume of 39,562. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.75. Universal Logistics Holdings, Inc. has a twelve month low of $25.23 and a twelve month high of $53.29. The stock has a 50-day moving average price of $46.31 and a two-hundred day moving average price of $43.22. The stock has a market capitalization of $1.24 billion, a PE ratio of 9.49 and a beta of 0.89.

Universal Logistics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.105 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.42 annualized dividend and a dividend yield of 0.89%. Universal Logistics's dividend payout ratio is currently 8.43%.

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.