New York State Common Retirement Fund Boosts Stock Holdings in Universal Logistics Holdings, Inc. (NASDAQ:ULH)

New York State Common Retirement Fund boosted its holdings in Universal Logistics Holdings, Inc. (NASDAQ:ULH) by 8.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,657 shares of the transportation company’s stock after buying an additional 2,500 shares during the quarter. New York State Common Retirement Fund owned approximately 0.13% of Universal Logistics worth $883,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS purchased a new position in Universal Logistics in the fourth quarter valued at $64,000. Wells Fargo & Company MN increased its holdings in Universal Logistics by 31.0% in the fourth quarter. Wells Fargo & Company MN now owns 3,708 shares of the transportation company’s stock valued at $170,000 after buying an additional 877 shares during the last quarter. XTX Topco Ltd purchased a new position in Universal Logistics in the fourth quarter valued at $218,000. Commonwealth Equity Services LLC purchased a new position in Universal Logistics in the fourth quarter valued at $293,000. Finally, Legal & General Group Plc boosted its stake in Universal Logistics by 47.1% in the fourth quarter. Legal & General Group Plc now owns 6,976 shares of the transportation company’s stock valued at $320,000 after acquiring an additional 2,235 shares in the last quarter. Hedge funds and other institutional investors own 25.50% of the company’s stock.

Universal Logistics Price Performance

Shares of ULH opened at $30.11 on Friday. Universal Logistics Holdings, Inc. has a fifty-two week low of $20.60 and a fifty-two week high of $53.29. The company has a market capitalization of $792.80 million, a price-to-earnings ratio of 12.92 and a beta of 1.00. The firm has a 50-day simple moving average of $25.53 and a 200-day simple moving average of $28.76. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.18 and a current ratio of 1.18.

Universal Logistics (NASDAQ:ULH) last announced its earnings results on Thursday, July 24th. The transportation company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). Universal Logistics had a return on equity of 9.52% and a net margin of 3.66%. The business had revenue of $393.79 million for the quarter, compared to analyst estimates of $398.50 million. On average, equities research analysts anticipate that Universal Logistics Holdings, Inc. will post 2.81 earnings per share for the current year.

Universal Logistics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 1st will be given a $0.105 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.42 dividend on an annualized basis and a yield of 1.39%. Universal Logistics’s payout ratio is currently 13.21%.

Analysts Set New Price Targets

Several research firms have issued reports on ULH. Stifel Nicolaus decreased their price objective on shares of Universal Logistics from $37.00 to $29.00 and set a “hold” rating for the company in a research note on Tuesday, April 29th. Wall Street Zen upgraded shares of Universal Logistics from a “sell” rating to a “hold” rating in a research note on Monday, May 12th.

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.