Northern Trust Corp Purchases 4,647 Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH)

Northern Trust Corp boosted its position in Universal Logistics Holdings, Inc. (NASDAQ:ULH) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 89,299 shares of the transportation company’s stock after purchasing an additional 4,647 shares during the period. Northern Trust Corp owned about 0.34% of Universal Logistics worth $4,102,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new stake in shares of Universal Logistics in the 4th quarter worth $64,000. Wells Fargo & Company MN grew its holdings in Universal Logistics by 31.0% during the fourth 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 during the period. SG Americas Securities LLC grew its holdings in Universal Logistics by 15.6% during the fourth 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 during the period. XTX Topco Ltd purchased a new stake in Universal Logistics in the fourth quarter worth about $218,000. Finally, Commonwealth Equity Services LLC bought a new position in shares of Universal Logistics in the fourth quarter worth about $293,000. 25.50% of the stock is currently owned by institutional investors.

Universal Logistics Trading Down 2.5%

Shares of ULH stock opened at $23.56 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a fifty day simple moving average of $25.32 and a two-hundred day simple moving average of $35.95. The firm has a market capitalization of $620.41 million, a PE ratio of 4.77 and a beta of 1.00. Universal Logistics Holdings, Inc. has a 52-week low of $20.60 and a 52-week high of $53.29.

Universal Logistics (NASDAQ:ULH) last released its earnings results on Thursday, April 24th. The transportation company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.25). The business 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%. On average, analysts predict that Universal Logistics Holdings, Inc. will post 2.81 EPS for the current fiscal year.

Universal Logistics Announces Dividend

The business 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 dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Monday, June 2nd. Universal Logistics’s payout ratio is currently 13.21%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ULH. Wall Street Zen upgraded Universal Logistics from a “sell” rating to a “hold” rating in a research note on Monday, May 12th. Stifel Nicolaus lowered their price target on shares of Universal Logistics from $37.00 to $29.00 and set a “hold” rating on the stock in a report on Tuesday, April 29th.

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.