Universal Logistics Holdings, Inc. (NASDAQ:ULH) Shares Bought by Invesco Ltd.

Invesco Ltd. boosted its stake in Universal Logistics Holdings, Inc. (NASDAQ:ULH - Free Report) by 551.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 96,054 shares of the transportation company's stock after purchasing an additional 81,304 shares during the period. Invesco Ltd. owned about 0.36% of Universal Logistics worth $4,413,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ULH. State Street Corp increased its stake in shares of Universal Logistics by 0.6% during the third quarter. State Street Corp now owns 147,251 shares of the transportation company's stock worth $6,363,000 after buying an additional 911 shares during the period. Jane Street Group LLC lifted its holdings in Universal Logistics by 23.8% during the 3rd quarter. Jane Street Group LLC now owns 9,276 shares of the transportation company's stock worth $400,000 after buying an additional 1,783 shares during the last quarter. Barclays PLC boosted its position in shares of Universal Logistics by 339.7% during the 3rd quarter. Barclays PLC now owns 10,952 shares of the transportation company's stock worth $473,000 after acquiring an additional 8,461 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Universal Logistics by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 183,374 shares of the transportation company's stock valued at $7,907,000 after acquiring an additional 4,130 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Universal Logistics by 126.3% during the third quarter. JPMorgan Chase & Co. now owns 17,854 shares of the transportation company's stock worth $770,000 after purchasing an additional 9,966 shares during the last quarter. Hedge funds and other institutional investors own 25.50% of the company's stock.

Wall Street Analyst Weigh In

ULH has been the topic of a number of research analyst reports. Stifel Nicolaus cut their price objective on shares of Universal Logistics from $37.00 to $29.00 and set a "hold" rating on the stock in a report on Tuesday. StockNews.com downgraded Universal Logistics from a "hold" rating to a "sell" rating in a research note on Monday.

Universal Logistics Price Performance

Shares of ULH traded up $0.21 during mid-day trading on Thursday, hitting $21.95. The company's stock had a trading volume of 6,631 shares, compared to its average volume of 48,908. The firm has a 50-day simple moving average of $26.16 and a 200 day simple moving average of $37.99. Universal Logistics Holdings, Inc. has a 1-year low of $20.60 and a 1-year high of $53.29. The firm has a market capitalization of $577.53 million, a P/E ratio of 4.44 and a beta of 0.92. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.75.

Universal Logistics (NASDAQ:ULH - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The transportation company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.25). The company had revenue of $382.39 million for the quarter, compared to analysts' expectations of $400.60 million. Universal Logistics had a return on equity of 21.37% and a net margin of 7.04%. Analysts predict that Universal Logistics Holdings, Inc. will post 2.81 EPS for the current fiscal year.

Universal Logistics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.42 annualized dividend and a dividend yield of 1.91%. Universal Logistics's dividend payout ratio is currently 13.21%.

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.