JPMorgan Chase & Co. reduced its stake in shares of Universal Logistics Holdings Inc (NYSE:ULH) by 28.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised 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 valued at $1,533,000 after buying an additional 2,495 shares during the period. State Street Corp raised its stake in 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 during the period. Finally, Dimensional Fund Advisors LP raised its stake in 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 during the period.
Universal Logistics Holdings Inc (NYSE ULH) traded down 1.73% on Friday, reaching $14.20. 9,561 shares of the company were exchanged. The firm has a 50-day moving average of $14.64 and a 200 day moving average of $14.01. The firm has a market capitalization of $403.88 million and a P/E ratio of 27.31. 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 announced its earnings results on Thursday, July 27th. The transportation company reported $0.10 EPS for the quarter, beating the Zacks’ 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 business had revenue of $305.20 million during the quarter, compared to analysts’ expectations of $302.10 million. On average, equities analysts predict that Universal Logistics Holdings Inc will post $0.70 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 7th were issued a dividend of $0.07 per share. The ex-dividend date was Thursday, August 3rd. This represents a $0.28 dividend on an annualized basis and a yield of 1.97%.
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Several equities research analysts have recently issued reports on ULH shares. Zacks Investment Research upgraded shares of Universal Logistics Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Stifel Nicolaus upgraded shares of Universal Logistics Holdings from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Monday, July 31st.
About Universal Logistics Holdings
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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