187,189 Shares in Universal Logistics Holdings, Inc. $ULH Acquired by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 187,189 shares of Universal Logistics Holdings in the second quarter, valued at approximately $2.77 million and representing about 0.71% of the company. Institutional investors collectively own 25.5% of the stock.
• Analyst sentiment remains negative: Universal Logistics has a consensus “Sell” rating and an average price target of $15, despite one firm upgrading the shares to “Buy.”
• The company exceeded quarterly earnings expectations with $0.16 in EPS versus $0.13 estimated, while reporting $379.32 million in revenue. It also declared a quarterly dividend of $0.105 per share, equivalent to a 2.2% annualized yield.

Bank of New York Mellon Corp bought a new stake in Universal Logistics Holdings, Inc. (NASDAQ:ULH - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 187,189 shares of the transportation company's stock, valued at approximately $2,770,000. Bank of New York Mellon Corp owned approximately 0.71% of Universal Logistics as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC increased its position in shares of Universal Logistics by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 200,020 shares of the transportation company's stock worth $3,039,000 after purchasing an additional 7,339 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Universal Logistics by 5.3% in the 3rd quarter. First Trust Advisors LP now owns 136,107 shares of the transportation company's stock worth $3,190,000 after purchasing an additional 6,854 shares in the last quarter. Empowered Funds LLC grew its stake in Universal Logistics by 5.0% during the 1st quarter. Empowered Funds LLC now owns 108,268 shares of the transportation company's stock worth $2,841,000 after buying an additional 5,136 shares during the last quarter. Quantinno Capital Management LP grew its stake in Universal Logistics by 118.9% during the 1st quarter. Quantinno Capital Management LP now owns 37,766 shares of the transportation company's stock worth $798,000 after buying an additional 20,511 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC increased its position in Universal Logistics by 120.6% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 34,152 shares of the transportation company's stock valued at $519,000 after buying an additional 18,672 shares in the last quarter. 25.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Stifel Nicolaus decreased their price target on Universal Logistics from $17.00 to $15.00 and set a "hold" rating for the company in a research note on Wednesday, July 15th. Weiss Ratings restated a "sell (d)" rating on shares of Universal Logistics in a report on Wednesday, June 24th. Zacks Research lowered shares of Universal Logistics from a "hold" rating to a "strong sell" rating in a research report on Wednesday, July 15th. Finally, Wall Street Zen upgraded shares of Universal Logistics from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Universal Logistics presently has a consensus rating of "Sell" and an average price target of $15.00.

Universal Logistics Price Performance

Shares of NASDAQ ULH opened at $19.01 on Monday. The firm has a market cap of $501.29 million, a price-to-earnings ratio of -10.33 and a beta of 0.75. The company's 50-day simple moving average is $16.85 and its 200-day simple moving average is $17.35. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.06. Universal Logistics Holdings, Inc. has a 52-week low of $11.73 and a 52-week high of $26.18.

Universal Logistics (NASDAQ:ULH - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The transportation company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. Universal Logistics had a negative net margin of 3.16% and a positive return on equity of 1.99%. The firm had revenue of $379.32 million during the quarter, compared to the consensus estimate of $380.40 million. Equities analysts predict that Universal Logistics Holdings, Inc. will post 0.5 EPS for the current fiscal year.

Universal Logistics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 1st will be paid a $0.105 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.2%. Universal Logistics's payout ratio is currently -22.83%.

Universal Logistics Profile

Universal Logistics Holdings, Inc is a diversified, asset-light third-party logistics provider offering transportation and supply chain solutions across North America and around the globe. Its service portfolio encompasses truckload, less-than-truckload, intermodal, and specialized freight services, supported by dedicated brokerage, warehousing, and distribution management capabilities.

Originally incorporated as Universal Truckload Services, Inc, the company has evolved beyond its core truckload heritage to a one-stop logistics platform.

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