Nuveen LLC Purchases New Shares 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 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,733 shares of the transportation company's stock, valued at approximately $701,000. Nuveen LLC owned approximately 0.10% of Universal Logistics at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Wells Fargo & Company MN grew its holdings in shares of Universal Logistics by 31.0% during the 4th 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 last quarter. Barclays PLC grew its holdings in Universal Logistics by 10.5% during the 4th quarter. Barclays PLC now owns 12,100 shares of the transportation company's stock worth $556,000 after acquiring an additional 1,148 shares in the last quarter. Northern Trust Corp increased its holdings in Universal Logistics by 5.5% in the 4th quarter. Northern Trust Corp now owns 89,299 shares of the transportation company's stock worth $4,102,000 after buying an additional 4,647 shares during the period. Bank of America Corp DE boosted its stake in Universal Logistics by 6.1% during the 4th quarter. Bank of America Corp DE now owns 13,090 shares of the transportation company's stock worth $601,000 after purchasing an additional 747 shares during the last quarter. Finally, Bridgeway Capital Management LLC raised its holdings in Universal Logistics by 0.5% in the 4th quarter. Bridgeway Capital Management LLC now owns 214,321 shares of the transportation company's stock valued at $9,846,000 after buying an additional 977 shares during the period. 25.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Universal Logistics Price Performance

ULH stock traded down $1.05 during midday trading on Monday, reaching $24.50. 15,651 shares of the company's stock traded hands, compared to its average volume of 52,319. The company has a market cap of $645.09 million, a price-to-earnings ratio of 10.52 and a beta of 0.95. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.07. The company has a 50-day simple moving average of $25.64 and a two-hundred day simple moving average of $25.48. Universal Logistics Holdings, Inc. has a 1-year low of $20.60 and a 1-year high of $53.29.

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

Universal Logistics Announces Dividend

The business also recently announced 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. This represents a $0.42 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, August 29th. Universal Logistics's dividend payout ratio (DPR) is presently 18.03%.

Universal Logistics Company 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.