Universal Logistics Holdings, Inc. (NASDAQ:ULH) Shares Sold by Royce & Associates LP

Royce & Associates LP cut its position in shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH - Free Report) by 13.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 173,922 shares of the transportation company's stock after selling 27,171 shares during the period. Royce & Associates LP owned approximately 0.66% of Universal Logistics worth $7,990,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC increased its stake in Universal Logistics by 15.6% during the fourth quarter. SG Americas Securities LLC now owns 3,831 shares of the transportation company's stock worth $176,000 after acquiring an additional 516 shares during the last quarter. Commonwealth Equity Services LLC purchased a new position in Universal Logistics during the fourth quarter worth $293,000. PDT Partners LLC bought a new position in Universal Logistics during the third quarter valued at $301,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Universal Logistics in the 3rd quarter worth about $358,000. Finally, Jane Street Group LLC lifted its stake in Universal Logistics by 23.8% in 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 last quarter. Hedge funds and other institutional investors own 25.50% of the company's stock.

Universal Logistics Stock Down 0.8 %

Shares of ULH traded down $0.22 during midday trading on Friday, reaching $26.47. 71,826 shares of the stock were exchanged, compared to its average volume of 44,995. Universal Logistics Holdings, Inc. has a 52 week low of $25.13 and a 52 week high of $53.29. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $696.64 million, a P/E ratio of 5.36 and a beta of 0.96. The company's 50 day moving average is $34.08 and its two-hundred day moving average is $41.49.

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Universal Logistics (NASDAQ:ULH - Get Free Report) last announced its earnings results 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 quarter in the prior year, the company earned $0.81 earnings per share. On average, sell-side analysts anticipate that Universal Logistics Holdings, Inc. will post 2.81 earnings per share for the current year.

Universal Logistics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 1.59%. The ex-dividend date is Monday, March 3rd. Universal Logistics's dividend payout ratio is presently 8.50%.

Analysts Set New Price Targets

Separately, Stifel Nicolaus upped their target price on Universal Logistics from $42.00 to $44.00 and gave the company a "hold" rating in a research note 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.