Strs Ohio Makes New $315,000 Investment in Universal Logistics Holdings, Inc. $ULH

Key Points

• Strs Ohio has invested $315,000 to acquire 12,000 shares of Universal Logistics Holdings, Inc. during the first quarter, marking a significant addition to their investment portfolio.
• Universal Logistics recently reported an earnings per share (EPS) of $0.32, which fell short of analysts' expectations of $0.34, with a total revenue of $393.79 million for the quarter.
• The company has announced a quarterly dividend of $0.105, set to be paid on October 1st, with a dividend yield of 1.7% based on current share prices.

Strs Ohio acquired a new stake in shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund acquired 12,000 shares of the transportation company's stock, valued at approximately $315,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Universal Logistics during the 4th quarter valued at about $1,734,000. AQR Capital Management LLC bought a new position in shares of Universal Logistics in the first quarter valued at approximately $789,000. Nuveen LLC bought a new position in shares of Universal Logistics in the first quarter valued at approximately $701,000. American Century Companies Inc. grew its stake in Universal Logistics by 7.4% during the first quarter. American Century Companies Inc. now owns 248,737 shares of the transportation company's stock valued at $6,527,000 after acquiring an additional 17,120 shares in the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in Universal Logistics during the 1st quarter worth approximately $248,000. Hedge funds and other institutional investors own 25.50% of the company's stock.

Analyst Ratings Changes

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

Universal Logistics Stock Performance

Universal Logistics stock opened at $24.50 on Wednesday. Universal Logistics Holdings, Inc. has a fifty-two week low of $20.60 and a fifty-two week high of $53.29. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market cap of $645.09 million, a P/E ratio of 10.52 and a beta of 0.95. The firm's fifty day moving average price is $25.00 and its 200-day moving average price is $25.28.

Universal Logistics (NASDAQ:ULH - Get Free Report) last released its earnings results on Thursday, July 24th. The transportation company reported $0.32 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 9.47%. The firm had revenue of $393.79 million during the quarter, compared to the consensus estimate of $398.50 million. On average, equities research analysts expect that Universal Logistics Holdings, Inc. will post 2.81 earnings per share for the current fiscal year.

Universal Logistics Dividend Announcement

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 paid a $0.105 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.42 annualized dividend and a yield of 1.7%. Universal Logistics's dividend payout ratio is currently 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.

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