Legal & General Group Plc Grows Stake in Universal Logistics Holdings, Inc. (NASDAQ:ULH)

Legal & General Group Plc boosted its position in Universal Logistics Holdings, Inc. (NASDAQ:ULH) by 47.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,976 shares of the transportation company’s stock after purchasing an additional 2,235 shares during the period. Legal & General Group Plc’s holdings in Universal Logistics were worth $320,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers increased its stake in Universal Logistics by 4.8% in the 4th quarter. Rhumbline Advisers now owns 10,353 shares of the transportation company’s stock valued at $476,000 after purchasing an additional 470 shares in the last quarter. SG Americas Securities LLC increased its stake in Universal Logistics by 15.6% in the 4th quarter. SG Americas Securities LLC now owns 3,831 shares of the transportation company’s stock valued at $176,000 after purchasing an additional 516 shares in the last quarter. Wells Fargo & Company MN increased its stake in Universal Logistics by 31.0% in the 4th quarter. Wells Fargo & Company MN now owns 3,708 shares of the transportation company’s stock valued at $170,000 after purchasing an additional 877 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Universal Logistics by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 58,164 shares of the transportation company’s stock valued at $2,672,000 after purchasing an additional 1,040 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Universal Logistics during the fourth quarter worth $64,000. 25.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. StockNews.com downgraded Universal Logistics from a “hold” rating to a “sell” rating in a research report on Monday. Stifel Nicolaus dropped their price target on Universal Logistics from $37.00 to $29.00 and set a “hold” rating for the company in a research report on Tuesday.

Universal Logistics Stock Performance

Universal Logistics stock opened at $21.74 on Thursday. The company has a market capitalization of $572.13 million, a price-to-earnings ratio of 4.40 and a beta of 0.92. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.36 and a current ratio of 1.36. Universal Logistics Holdings, Inc. has a fifty-two week low of $20.60 and a fifty-two week high of $53.29. The stock has a fifty day moving average of $26.16 and a two-hundred day moving average of $37.99.

Universal Logistics (NASDAQ:ULH) last announced 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 business had revenue of $382.39 million during the quarter, compared to analysts’ expectations of $400.60 million. Universal Logistics had a net margin of 7.04% and a return on equity of 21.37%. On average, analysts anticipate that Universal Logistics Holdings, Inc. will post 2.81 EPS for the current fiscal year.

Universal Logistics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Monday, June 2nd. Universal Logistics’s dividend payout ratio is currently 13.21%.

Universal Logistics 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.