Universal Logistics Holdings Inc (ULH) Position Lifted by Boston Partners
Boston Partners lifted its stake in Universal Logistics Holdings Inc (NASDAQ:ULH) by 3.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 273,608 shares of the transportation company’s stock after acquiring an additional 10,208 shares during the period. Boston Partners’ holdings in Universal Logistics were worth $5,385,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of ULH. BNP Paribas Arbitrage SA grew its holdings in Universal Logistics by 57,566.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,730 shares of the transportation company’s stock valued at $34,000 after buying an additional 1,727 shares during the last quarter. Rhumbline Advisers grew its holdings in Universal Logistics by 42.0% in the 4th quarter. Rhumbline Advisers now owns 12,014 shares of the transportation company’s stock valued at $217,000 after buying an additional 3,551 shares during the last quarter. MetLife Investment Advisors LLC acquired a new stake in Universal Logistics in the 3rd quarter valued at approximately $231,000. First Trust Advisors LP grew its holdings in Universal Logistics by 20.5% in the 4th quarter. First Trust Advisors LP now owns 15,075 shares of the transportation company’s stock valued at $273,000 after buying an additional 2,568 shares during the last quarter. Finally, Brandywine Global Investment Management LLC grew its holdings in Universal Logistics by 5.6% in the 4th quarter. Brandywine Global Investment Management LLC now owns 15,160 shares of the transportation company’s stock valued at $275,000 after buying an additional 800 shares during the last quarter. 28.97% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently weighed in on the company. ValuEngine raised Universal Logistics from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th. BidaskClub lowered Universal Logistics from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 26th. Finally, Loop Capital raised Universal Logistics from a “hold” rating to a “buy” rating in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $32.25.
Universal Logistics (NASDAQ:ULH) last announced its quarterly earnings data on Thursday, April 25th. The transportation company reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.05. Universal Logistics had a return on equity of 31.70% and a net margin of 3.93%. The company had revenue of $377.41 million for the quarter. Research analysts expect that Universal Logistics Holdings Inc will post 2.12 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, May 6th will be issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Friday, May 3rd. Universal Logistics’s payout ratio is presently 20.19%.
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About Universal Logistics
Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. It offers transportation services including dry van, flatbed, heavy haul, and refrigerated services; domestic and international freight forwarding and customs brokerage services; and final mile and ground expedite services.
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