Strs Ohio Sells 2,200 Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH)

Strs Ohio reduced its holdings in Universal Logistics Holdings, Inc. (NASDAQ:ULH) by 12.6% in the fourth quarter, HoldingsChannel reports. The firm owned 15,300 shares of the transportation company’s stock after selling 2,200 shares during the period. Strs Ohio’s holdings in Universal Logistics were worth $428,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ULH. SG Americas Securities LLC bought a new stake in Universal Logistics in the fourth quarter worth approximately $110,000. DekaBank Deutsche Girozentrale acquired a new stake in Universal Logistics in the third quarter valued at approximately $171,000. Quadrature Capital Ltd acquired a new stake in Universal Logistics in the third quarter valued at approximately $253,000. Seizert Capital Partners LLC grew its stake in Universal Logistics by 21.5% in the third quarter. Seizert Capital Partners LLC now owns 12,184 shares of the transportation company’s stock valued at $307,000 after acquiring an additional 2,157 shares during the period. Finally, Exchange Traded Concepts LLC grew its stake in Universal Logistics by 13.0% in the third quarter. Exchange Traded Concepts LLC now owns 14,514 shares of the transportation company’s stock valued at $365,000 after acquiring an additional 1,674 shares during the period. 25.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ULH shares. StockNews.com raised Universal Logistics from a “hold” rating to a “buy” rating in a research note on Friday. Stifel Nicolaus raised Universal Logistics from a “hold” rating to a “buy” rating and lifted their target price for the company from $35.00 to $36.00 in a research report on Wednesday, January 10th.

Universal Logistics Stock Performance

Shares of Universal Logistics stock opened at $45.84 on Monday. The business’s fifty day simple moving average is $34.70 and its 200 day simple moving average is $29.65. The firm has a market capitalization of $1.21 billion, a P/E ratio of 10.01 and a beta of 1.08. Universal Logistics Holdings, Inc. has a 12 month low of $20.85 and a 12 month high of $48.63. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.58.

Universal Logistics (NASDAQ:ULH) last issued its quarterly earnings results on Thursday, February 15th. The transportation company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.10. The business had revenue of $390.92 million for the quarter, compared to analyst estimates of $377.30 million. Universal Logistics had a return on equity of 23.60% and a net margin of 7.02%. As a group, analysts anticipate that Universal Logistics Holdings, Inc. will post 3.65 EPS for the current year.

Universal Logistics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be paid a $0.105 dividend. The ex-dividend date is Monday, June 3rd. This represents a $0.42 annualized dividend and a dividend yield of 0.92%. Universal Logistics’s payout ratio is presently 9.17%.

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.