Fmr LLC Raises Position in Universal Logistics Holdings, Inc. (NASDAQ:ULH)

FMR LLC increased its position in Universal Logistics Holdings, Inc. (NASDAQ:ULH - Free Report) by 15.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,924,397 shares of the transportation company's stock after buying an additional 386,538 shares during the quarter. FMR LLC owned 11.11% of Universal Logistics worth $134,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of Universal Logistics by 126.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,854 shares of the transportation company's stock worth $770,000 after acquiring an additional 9,966 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Universal Logistics in the fourth quarter worth $753,000. Barclays PLC boosted its position in Universal Logistics by 339.7% during the third quarter. Barclays PLC now owns 10,952 shares of the transportation company's stock valued at $473,000 after buying an additional 8,461 shares during the period. State Street Corp boosted its position in Universal Logistics by 0.6% during the third quarter. State Street Corp now owns 147,251 shares of the transportation company's stock valued at $6,363,000 after buying an additional 911 shares during the period. Finally, New York State Common Retirement Fund grew its stake in shares of Universal Logistics by 7.3% during the fourth quarter. New York State Common Retirement Fund now owns 31,157 shares of the transportation company's stock valued at $1,431,000 after buying an additional 2,109 shares during the last quarter. Hedge funds and other institutional investors own 25.50% of the company's stock.

Universal Logistics Trading Up 3.6 %

Universal Logistics stock traded up $0.91 during trading hours on Friday, reaching $26.52. The stock had a trading volume of 53,850 shares, compared to its average volume of 49,915. The company has a fifty day simple moving average of $26.90 and a 200-day simple moving average of $39.16. Universal Logistics Holdings, Inc. has a 52 week low of $22.86 and a 52 week high of $53.29. The stock has a market cap of $697.93 million, a PE ratio of 5.37 and a beta of 0.92. 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 (NASDAQ:ULH - Get Free Report) last posted its earnings results on Thursday, February 6th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate 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 prior year, the firm earned $0.81 earnings per share. Analysts forecast that Universal Logistics Holdings, Inc. will post 2.81 EPS for the current fiscal year.

Universal Logistics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were issued a dividend of $0.105 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.58%. Universal Logistics's dividend payout ratio is presently 8.50%.

Analysts Set New Price Targets

Separately, Stifel Nicolaus boosted their price objective on Universal Logistics from $42.00 to $44.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd.

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.