JPMorgan Chase & Co. decreased its stake in Universal Logistics Holdings Inc (NYSE:ULH) by 28.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,283 shares of the transportation company’s stock after selling 11,340 shares during the period. JPMorgan Chase & Co. owned 0.10% of Universal Logistics Holdings worth $405,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in ULH. Dimensional Fund Advisors LP increased its stake in shares of Universal Logistics Holdings by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 394,809 shares of the transportation company’s stock valued at $6,455,000 after buying an additional 5,587 shares in the last quarter. State Street Corp increased its stake in shares of Universal Logistics Holdings by 2.0% in the fourth quarter. State Street Corp now owns 114,921 shares of the transportation company’s stock valued at $1,882,000 after buying an additional 2,225 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Universal Logistics Holdings by 2.4% in the first quarter. Bank of New York Mellon Corp now owns 106,818 shares of the transportation company’s stock worth $1,533,000 after buying an additional 2,495 shares during the period.
Universal Logistics Holdings Inc (NYSE ULH) traded up 3.52% during midday trading on Friday, hitting $14.70. The stock had a trading volume of 10,748 shares. The stock has a market cap of $418.11 million and a price-to-earnings ratio of 28.27. The stock has a 50 day moving average of $14.77 and a 200 day moving average of $14.01. Universal Logistics Holdings Inc has a 12 month low of $11.09 and a 12 month high of $17.70.
Universal Logistics Holdings (NYSE:ULH) last issued its earnings results on Thursday, July 27th. The transportation company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. Universal Logistics Holdings had a net margin of 0.90% and a return on equity of 7.26%. The company had revenue of $305.20 million for the quarter, compared to analyst estimates of $302.10 million. Analysts expect that Universal Logistics Holdings Inc will post $0.70 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, August 7th will be given a $0.07 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.28 annualized dividend and a dividend yield of 1.90%.
ULH has been the topic of a number of analyst reports. Zacks Investment Research upgraded Universal Logistics Holdings from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 4th. Stifel Nicolaus upgraded Universal Logistics Holdings from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Monday, July 31st.
Universal Logistics Holdings Company Profile
Universal Logistics Holdings, Inc, formerly Universal Truckload Services, Inc, is an asset-light provider of customized transportation and logistics solutions across the United States, Mexico, Canada and Colombia. The Company operates through two segments: the transportation segment and the logistics segment.
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