Royce & Associates LP Sells 103,682 Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH)

Royce & Associates LP decreased its stake in Universal Logistics Holdings, Inc. (NASDAQ:ULH - Free Report) by 59.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 70,240 shares of the transportation company's stock after selling 103,682 shares during the period. Royce & Associates LP owned 0.27% of Universal Logistics worth $1,843,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new stake in Universal Logistics in the fourth quarter worth about $64,000. Wells Fargo & Company MN raised its position 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 acquiring an additional 877 shares during the period. XTX Topco Ltd bought a new stake in Universal Logistics in the fourth quarter worth about $218,000. Commonwealth Equity Services LLC bought a new stake in Universal Logistics in the fourth quarter worth about $293,000. Finally, Legal & General Group Plc raised its position 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 acquiring an additional 2,235 shares during the period. Institutional investors own 25.50% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Wall Street Zen raised shares of Universal Logistics from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Stifel Nicolaus decreased their price target on shares of Universal Logistics from $37.00 to $29.00 and set a "hold" rating on the stock in a report on Tuesday, April 29th.

Universal Logistics Trading Down 5.0%

Shares of Universal Logistics stock traded down $1.19 during trading on Friday, reaching $22.74. The company's stock had a trading volume of 6,465 shares, compared to its average volume of 56,431. Universal Logistics Holdings, Inc. has a 52-week low of $20.60 and a 52-week high of $53.29. The company has a market cap of $598.74 million, a price-to-earnings ratio of 9.77 and a beta of 1.00. The firm's 50-day moving average is $25.53 and its two-hundred day moving average is $28.27. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.00.

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 analysts' consensus estimates of $0.34 by ($0.02). Universal Logistics had a net margin of 3.66% and a return on equity of 9.52%. The business had revenue of $393.79 million during the quarter, compared to analysts' expectations of $398.50 million. On average, sell-side analysts anticipate that Universal Logistics Holdings, Inc. will post 2.81 earnings per share for the current year.

Universal Logistics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 1st will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.42 annualized dividend and a yield of 1.8%. Universal Logistics's dividend payout ratio is presently 18.03%.

About Universal Logistics

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.