Denali Advisors LLC lessened its stake in Universal Logistics Holdings, Inc. (NASDAQ:ULH) by 54.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,270 shares of the transportation company’s stock after selling 6,250 shares during the period. Denali Advisors LLC’s holdings in Universal Logistics were worth $110,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. BNP Paribas Arbitrage SA grew its position in shares of Universal Logistics by 106.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,515 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 1,296 shares during the period. Russell Investments Group Ltd. grew its position in shares of Universal Logistics by 5.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 412,267 shares of the transportation company’s stock valued at $7,162,000 after acquiring an additional 22,867 shares during the period. FMR LLC grew its position in shares of Universal Logistics by 257.7% during the 2nd quarter. FMR LLC now owns 99,800 shares of the transportation company’s stock valued at $1,735,000 after acquiring an additional 71,900 shares during the period. Bank of Montreal Can bought a new stake in shares of Universal Logistics during the 2nd quarter valued at $671,000. Finally, LSV Asset Management grew its position in shares of Universal Logistics by 7.9% during the 2nd quarter. LSV Asset Management now owns 626,090 shares of the transportation company’s stock valued at $10,881,000 after acquiring an additional 45,834 shares during the period. 25.64% of the stock is owned by institutional investors and hedge funds.

ULH stock traded down $0.57 during mid-day trading on Friday, hitting $22.52. The company had a trading volume of 42,352 shares, compared to its average volume of 58,752. The company has a market capitalization of $606.22 million, a price-to-earnings ratio of 32.17 and a beta of 1.70. Universal Logistics Holdings, Inc. has a 12-month low of $11.02 and a 12-month high of $25.67. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.88. The company has a 50-day moving average price of $21.56 and a 200 day moving average price of $17.17.

Universal Logistics (NASDAQ:ULH) last announced its quarterly earnings results on Thursday, July 30th. The transportation company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.17 by $0.06. The business had revenue of $257.98 million for the quarter. Universal Logistics had a net margin of 1.34% and a return on equity of 19.50%. As a group, analysts expect that Universal Logistics Holdings, Inc. will post 1.6 EPS for the current year.

A number of brokerages have recently issued reports on ULH. Citigroup boosted their price objective on shares of Universal Logistics from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. BidaskClub upgraded shares of Universal Logistics from a “hold” rating to a “buy” rating in a research note on Wednesday, October 7th. ValuEngine upgraded shares of Universal Logistics from a “sell” rating to a “hold” rating in a research note on Wednesday, September 9th. Stifel Nicolaus lifted their target price on shares of Universal Logistics from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Monday, October 12th. Finally, Zacks Investment Research upgraded shares of Universal Logistics from a “hold” rating to a “strong-buy” rating and set a $27.00 target price on the stock in a research note on Wednesday. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $26.00.

About Universal Logistics

Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. It offers truckload services, which include dry van, flatbed, heavy-haul, and refrigerated operations; domestic and international freight forwarding, and customs brokerage services; and final mile and ground expedite services.

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Institutional Ownership by Quarter for Universal Logistics (NASDAQ:ULH)

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