Royce & Associates LP Sells 27,171 Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH)

Royce & Associates LP reduced its stake in Universal Logistics Holdings, Inc. (NASDAQ:ULH) by 13.5% during the 4th quarter, Holdings Channel reports. The firm owned 173,922 shares of the transportation company’s stock after selling 27,171 shares during the period. Royce & Associates LP’s holdings in Universal Logistics were worth $7,990,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in Universal Logistics by 126.3% during the third quarter. JPMorgan Chase & Co. now owns 17,854 shares of the transportation company’s stock worth $770,000 after buying an additional 9,966 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Universal Logistics in the 4th quarter valued at approximately $753,000. FMR LLC boosted its stake in Universal Logistics by 4.1% during the 3rd quarter. FMR LLC now owns 2,537,859 shares of the transportation company’s stock worth $109,407,000 after acquiring an additional 100,563 shares during the last quarter. Barclays PLC grew its holdings in Universal Logistics by 339.7% during the third quarter. Barclays PLC now owns 10,952 shares of the transportation company’s stock valued at $473,000 after purchasing an additional 8,461 shares during the period. Finally, State Street Corp increased its stake in Universal Logistics by 0.6% in the third quarter. State Street Corp now owns 147,251 shares of the transportation company’s stock valued at $6,363,000 after purchasing an additional 911 shares in the last quarter. 25.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Stifel Nicolaus lifted their price target on shares of 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 Stock Down 2.3 %

Shares of Universal Logistics stock opened at $26.02 on Wednesday. The company has a market capitalization of $684.79 million, a P/E ratio of 5.27 and a beta of 0.96. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.36 and a quick ratio of 1.36. The business has a 50-day moving average of $35.03 and a two-hundred day moving average of $41.80. Universal Logistics Holdings, Inc. has a 1 year low of $25.13 and a 1 year high of $53.29.

Universal Logistics (NASDAQ:ULH) 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 return on equity of 21.37% and a net margin of 7.04%. During the same period in the prior year, the firm earned $0.81 EPS. As a group, equities analysts predict that Universal Logistics Holdings, Inc. will post 2.81 EPS for the current year.

Universal Logistics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be given a $0.105 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.42 annualized dividend and a yield of 1.61%. Universal Logistics’s dividend payout ratio is currently 8.50%.

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.