Invesco Ltd. Cuts Stake in Universal Logistics Holdings, Inc. $ULH

Key Points

• Invesco Ltd. has significantly reduced its stake in Universal Logistics Holdings, Inc., selling 82,111 shares, which represents an 85.5% decrease in holdings during the first quarter.
• Universal Logistics recently announced a quarterly dividend of $0.105 per share, which equates to an annualized dividend yield of 1.6%.
• Wall Street analysts have upgraded Universal Logistics from a "sell" to a "hold" rating, indicating a consensus target price of $29.00 for its stock.

Invesco Ltd. cut its position in Universal Logistics Holdings, Inc. (NASDAQ:ULH - Free Report) by 85.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,943 shares of the transportation company's stock after selling 82,111 shares during the period. Invesco Ltd. owned about 0.05% of Universal Logistics worth $366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. Wells Fargo & Company MN increased its stake in Universal Logistics by 31.0% in the 4th 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 in the last quarter. GAMMA Investing LLC raised its stake in Universal Logistics by 15,197.9% during the 1st quarter. GAMMA Investing LLC now owns 7,190 shares of the transportation company's stock valued at $189,000 after purchasing an additional 7,143 shares during the period. Exchange Traded Concepts LLC purchased a new position in Universal Logistics in the 1st quarter worth approximately $248,000. Bank of America Corp DE boosted its stake in Universal Logistics by 6.1% in 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 period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Universal Logistics by 17.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,779 shares of the transportation company's stock valued at $633,000 after buying an additional 2,011 shares in the last quarter. Hedge funds and other institutional investors own 25.50% of the company's stock.

Universal Logistics Trading Up 4.8%

Shares of ULH stock traded up $1.15 during trading hours on Thursday, reaching $25.18. 23,169 shares of the stock were exchanged, compared to its average volume of 26,893. The firm has a market capitalization of $662.99 million, a price-to-earnings ratio of 10.81 and a beta of 0.95. Universal Logistics Holdings, Inc. has a 12-month low of $20.60 and a 12-month high of $53.29. The company's 50-day moving average price is $25.39 and its 200-day moving average price is $25.42. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.07.

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). Universal Logistics had a return on equity of 9.47% and a net margin of 3.66%.The firm had revenue of $393.79 million during the quarter, compared to the consensus estimate of $398.50 million. As a group, equities analysts anticipate that Universal Logistics Holdings, Inc. will post 2.81 earnings per share for the current year.

Universal Logistics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 1st will be issued a $0.105 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.42 dividend on an annualized basis and a yield of 1.7%. Universal Logistics's payout ratio is currently 18.03%.

Wall Street Analysts Forecast Growth

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

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.