American Century Companies Inc. Purchases 17,120 Shares of Universal Logistics Holdings, Inc. $ULH

Key Points

• American Century Companies Inc. increased its stake in Universal Logistics Holdings by 7.4%, owning approximately 0.94% of the company worth $6.5 million after acquiring an additional 17,120 shares in the first quarter.
• Universal Logistics reported $0.32 earnings per share for its most recent quarter, missing analysts' expectations of $0.34, with total revenue of $393.79 million.
• The company recently declared a quarterly dividend of $0.105 per share, scheduled for payment on October 1st, representing an annualized yield of 1.6%.

American Century Companies Inc. increased its position in Universal Logistics Holdings, Inc. (NASDAQ:ULH - Free Report) by 7.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 248,737 shares of the transportation company's stock after buying an additional 17,120 shares during the period. American Century Companies Inc. owned 0.94% of Universal Logistics worth $6,527,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its holdings in Universal Logistics by 31.0% in the fourth quarter. Wells Fargo & Company MN now owns 3,708 shares of the transportation company's stock worth $170,000 after buying an additional 877 shares during the last quarter. Legal & General Group Plc increased its holdings in Universal Logistics by 47.1% in the fourth quarter. Legal & General Group Plc now owns 6,976 shares of the transportation company's stock worth $320,000 after buying an additional 2,235 shares during the last quarter. GAMMA Investing LLC increased its holdings in Universal Logistics by 15,197.9% in the first quarter. GAMMA Investing LLC now owns 7,190 shares of the transportation company's stock worth $189,000 after buying an additional 7,143 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Universal Logistics by 30.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 9,142 shares of the transportation company's stock worth $420,000 after buying an additional 2,111 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in Universal Logistics in the first quarter worth approximately $248,000. Institutional investors and hedge funds own 25.50% of the company's stock.

Analyst Ratings Changes

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

Universal Logistics Stock Performance

Shares of ULH traded down $0.47 during mid-day trading on Monday, hitting $25.94. The company's stock had a trading volume of 35,026 shares, compared to its average volume of 27,104. The stock's 50-day moving average is $25.65 and its two-hundred day moving average is $25.63. The firm has a market capitalization of $683.00 million, a PE ratio of 11.13 and a beta of 0.95. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.28 and a current ratio of 1.28. Universal Logistics Holdings, Inc. has a one year low of $20.60 and a one year high of $53.29.

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

Universal Logistics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 1st will be paid a $0.105 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.42 annualized dividend and a dividend yield of 1.6%. Universal Logistics's dividend payout ratio (DPR) is presently 18.03%.

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.