Healthcare of Ontario Pension Plan Trust Fund Invests $2.29 Million in Universal Logistics Holdings, Inc. (NASDAQ:ULH)

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Universal Logistics Holdings, Inc. (NASDAQ:ULHGet Rating) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 84,000 shares of the transportation company’s stock, valued at approximately $2,294,000. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.32% of Universal Logistics at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Lazard Asset Management LLC bought a new position in shares of Universal Logistics in the 2nd quarter valued at approximately $63,000. JPMorgan Chase & Co. raised its stake in shares of Universal Logistics by 8.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,898 shares of the transportation company’s stock valued at $106,000 after acquiring an additional 302 shares in the last quarter. UBS Group AG raised its stake in shares of Universal Logistics by 79.6% in the 2nd quarter. UBS Group AG now owns 6,916 shares of the transportation company’s stock valued at $189,000 after acquiring an additional 3,066 shares in the last quarter. Ritholtz Wealth Management bought a new position in shares of Universal Logistics in the 2nd quarter valued at approximately $200,000. Finally, Denali Advisors LLC raised its stake in shares of Universal Logistics by 72.0% in the 2nd quarter. Denali Advisors LLC now owns 8,600 shares of the transportation company’s stock valued at $235,000 after acquiring an additional 3,600 shares in the last quarter. 24.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ULH shares. Stifel Nicolaus downgraded Universal Logistics from a “buy” rating to a “hold” rating and set a $36.00 price objective on the stock. in a research note on Tuesday, November 1st. They noted that the move was a valuation call. Citigroup raised their target price on Universal Logistics to $37.00 in a report on Monday, August 15th. Finally, StockNews.com started coverage on Universal Logistics in a report on Wednesday, October 12th. They issued a “strong-buy” rating on the stock.

Universal Logistics Stock Performance

ULH opened at $37.25 on Thursday. The firm has a market capitalization of $978.93 million, a P/E ratio of 6.55 and a beta of 1.13. The stock’s 50 day moving average price is $34.15 and its two-hundred day moving average price is $31.77. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.79. Universal Logistics Holdings, Inc. has a 12-month low of $15.86 and a 12-month high of $40.76.

Universal Logistics (NASDAQ:ULHGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The transportation company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.49. Universal Logistics had a return on equity of 45.16% and a net margin of 7.48%. The company had revenue of $505.69 million for the quarter, compared to analyst estimates of $494.30 million. On average, equities analysts forecast that Universal Logistics Holdings, Inc. will post 6.4 earnings per share for the current year.

Universal Logistics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Monday, December 5th will be issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Friday, December 2nd. Universal Logistics’s payout ratio is presently 7.38%.

Universal Logistics Company Profile

(Get Rating)

Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. It offers truckload services, which include dry van, flatbed, heavy-haul, and refrigerated operations; domestic and international freight forwarding, and customs brokerage services; and final mile and ground expedite services.

Further Reading

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Institutional Ownership by Quarter for Universal Logistics (NASDAQ:ULH)

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