Nuveen LLC Acquires New Stake in Universal Logistics Holdings, Inc. $ULH

Key Points

• Nuveen LLC has acquired 26,733 shares of Universal Logistics Holdings, valued at approximately $701,000, during the first quarter.
• Universal Logistics has recently announced a quarterly dividend of $0.105, with a dividend yield of 1.7%, payable on October 1st.
• Analysts have upgraded Universal Logistics from a "sell" to a "hold" rating, with a consensus price target of $29.00.

Nuveen LLC bought a new stake in Universal Logistics Holdings, Inc. (NASDAQ:ULH - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 26,733 shares of the transportation company's stock, valued at approximately $701,000. Nuveen LLC owned 0.10% of Universal Logistics at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN increased its holdings in shares of Universal Logistics by 31.0% in the fourth quarter. Wells Fargo & Company MN now owns 3,708 shares of the transportation company's stock valued at $170,000 after purchasing an additional 877 shares during the period. GAMMA Investing LLC boosted its stake in shares of Universal Logistics by 15,197.9% in the first quarter. GAMMA Investing LLC now owns 7,190 shares of the transportation company's stock valued at $189,000 after buying an additional 7,143 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in Universal Logistics in the first quarter worth $248,000. Barclays PLC lifted its holdings in Universal Logistics by 10.5% in the fourth quarter. Barclays PLC now owns 12,100 shares of the transportation company's stock valued at $556,000 after acquiring an additional 1,148 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Universal Logistics by 6.1% in the fourth quarter. Bank of America Corp DE now owns 13,090 shares of the transportation company's stock valued at $601,000 after acquiring an additional 747 shares during the period. Institutional investors and hedge funds own 25.50% of the company's stock.

Universal Logistics Price Performance

Universal Logistics stock traded up $0.64 during trading hours on Tuesday, hitting $24.93. The stock had a trading volume of 26,378 shares, compared to its average volume of 52,163. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $656.41 million, a price-to-earnings ratio of 10.70 and a beta of 0.95. Universal Logistics Holdings, Inc. has a 1-year low of $20.60 and a 1-year high of $53.29. The stock's fifty day moving average is $25.61 and its two-hundred day moving average is $25.45.

Universal Logistics (NASDAQ:ULH - Get Free Report) last posted its earnings results on Thursday, July 24th. The transportation company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). The firm had revenue of $393.79 million during the quarter, compared to analyst estimates of $398.50 million. Universal Logistics had a net margin of 3.66% and a return on equity of 9.47%. As a group, analysts predict that Universal Logistics Holdings, Inc. will post 2.81 earnings per share for the current fiscal year.

Universal Logistics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 1st will be paid a dividend of $0.105 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.7%. Universal Logistics's dividend payout ratio (DPR) is presently 18.03%.

Analyst Ratings Changes

Separately, Wall Street Zen raised Universal Logistics from a "sell" rating to a "hold" rating in a report on Friday, August 22nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $29.00.

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.