Empowered Funds LLC Boosts Position in Universal Logistics Holdings, Inc. (NASDAQ:ULH)

Empowered Funds LLC lifted its holdings in shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,132 shares of the transportation company’s stock after acquiring an additional 4,977 shares during the quarter. Empowered Funds LLC owned approximately 0.39% of Universal Logistics worth $4,738,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ULH. AQR Capital Management LLC grew its holdings in shares of Universal Logistics by 82.5% during the 2nd quarter. AQR Capital Management LLC now owns 14,003 shares of the transportation company’s stock worth $568,000 after acquiring an additional 6,332 shares during the period. SG Americas Securities LLC bought a new stake in shares of Universal Logistics during the third quarter valued at approximately $143,000. Victory Capital Management Inc. grew its stake in Universal Logistics by 1.7% in the third quarter. Victory Capital Management Inc. now owns 37,564 shares of the transportation company’s stock worth $1,619,000 after purchasing an additional 643 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Universal Logistics in the third quarter worth $358,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in 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 worth $2,463,000 after purchasing an additional 1,864 shares in the last quarter. Hedge funds and other institutional investors own 25.50% of the company’s stock.

Analyst Ratings Changes

Separately, Stifel Nicolaus boosted their target price on shares of Universal Logistics from $42.00 to $44.00 and gave the company a “hold” rating in a report on Thursday, January 23rd.

Universal Logistics Price Performance

Shares of NASDAQ ULH opened at $28.91 on Wednesday. The company has a 50 day simple moving average of $44.98 and a two-hundred day simple moving average of $44.14. Universal Logistics Holdings, Inc. has a fifty-two week low of $27.92 and a fifty-two week high of $53.29. The company has a market capitalization of $760.91 million, a price-to-earnings ratio of 5.85 and a beta of 0.90. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.36 and a current ratio of 1.36.

Universal Logistics (NASDAQ:ULH) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.77 earnings per share 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 period in the prior year, the business posted $0.81 EPS. Analysts expect that Universal Logistics Holdings, Inc. will post 4.64 EPS for the current fiscal year.

Universal Logistics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Monday, March 3rd. Universal Logistics’s payout ratio is 8.50%.

Universal Logistics Company 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.