Invesco Ltd. Sells 82,111 Shares of 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. lowered its stake in shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH - Free Report) by 85.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,943 shares of the transportation company's stock after selling 82,111 shares during the period. Invesco Ltd. owned 0.05% of Universal Logistics worth $366,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of ULH. Denali Advisors LLC raised its holdings in shares of Universal Logistics by 9.5% in the 1st quarter. Denali Advisors LLC now owns 101,001 shares of the transportation company's stock valued at $2,650,000 after buying an additional 8,752 shares during the period. Northern Trust Corp boosted its position in shares of Universal Logistics by 5.5% in the 4th quarter. Northern Trust Corp now owns 89,299 shares of the transportation company's stock valued at $4,102,000 after purchasing an additional 4,647 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Universal Logistics in the 4th quarter valued at about $1,734,000. New York State Common Retirement Fund boosted its position in shares of Universal Logistics by 8.0% in the 1st quarter. New York State Common Retirement Fund now owns 33,657 shares of the transportation company's stock valued at $883,000 after purchasing an additional 2,500 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position 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 worth $633,000 after acquiring an additional 2,011 shares during the period. Institutional investors and hedge funds own 25.50% of the company's stock.

Universal Logistics Stock Down 2.7%

Universal Logistics stock traded down $0.66 during midday trading on Wednesday, hitting $23.80. The stock had a trading volume of 10,764 shares, compared to its average volume of 52,176. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.07. The stock has a market cap of $626.52 million, a P/E ratio of 10.21 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 business has a fifty day moving average price of $25.55 and a 200 day moving average price of $25.45.

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

Universal Logistics Announces Dividend

The business also recently declared 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 of this dividend is Friday, August 29th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.8%. Universal Logistics's dividend payout ratio is 18.03%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised 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, Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target 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.