LSV Asset Management Sells 86,636 Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH)

LSV Asset Management trimmed its position in shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH - Free Report) by 26.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 238,303 shares of the transportation company's stock after selling 86,636 shares during the period. LSV Asset Management owned approximately 0.91% of Universal Logistics worth $10,948,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Universal Logistics by 3.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 57,124 shares of the transportation company's stock valued at $2,463,000 after purchasing an additional 1,864 shares in the last quarter. State Street Corp boosted its position in shares of Universal Logistics by 0.6% during the 3rd quarter. State Street Corp now owns 147,251 shares of the transportation company's stock valued at $6,363,000 after acquiring an additional 911 shares in the last quarter. Jane Street Group LLC increased 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 valued at $400,000 after acquiring an additional 1,783 shares during the period. Barclays PLC raised its position in Universal Logistics by 339.7% in the third quarter. Barclays PLC now owns 10,952 shares of the transportation company's stock worth $473,000 after purchasing an additional 8,461 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Universal Logistics by 2.3% during the third quarter. Geode Capital Management LLC now owns 183,374 shares of the transportation company's stock valued at $7,907,000 after purchasing an additional 4,130 shares in the last quarter. Institutional investors own 25.50% of the company's stock.

Wall Street Analyst Weigh In

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

Universal Logistics Price Performance

Shares of ULH traded up $0.91 during trading hours on Friday, hitting $26.52. The stock had a trading volume of 53,850 shares, compared to its average volume of 49,915. 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 capitalization of $697.93 million, a price-to-earnings ratio of 5.37 and a beta of 0.92. The company's fifty day moving average is $26.90 and its two-hundred day moving average is $39.16. 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 analysts' consensus estimates of $0.93 by ($0.16). Universal Logistics had a net margin of 7.04% and a return on equity of 21.37%. During the same quarter in the prior year, the firm posted $0.81 earnings per share. On average, analysts anticipate that Universal Logistics Holdings, Inc. will post 2.81 EPS for the current year.

Universal Logistics Dividend Announcement

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

About Universal Logistics

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.