Creative Planning acquired a new position in shares of Universal Logistics Holdings Inc (NASDAQ:ULH) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 19,250 shares of the transportation company’s stock, valued at approximately $708,000. Creative Planning owned about 0.07% of Universal Logistics at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in Universal Logistics by 75.6% in the second quarter. BlackRock Inc. now owns 1,019,888 shares of the transportation company’s stock valued at $26,770,000 after acquiring an additional 439,058 shares during the last quarter. Renaissance Technologies LLC lifted its position in Universal Logistics by 59.0% in the second quarter. Renaissance Technologies LLC now owns 233,550 shares of the transportation company’s stock valued at $6,131,000 after acquiring an additional 86,650 shares during the last quarter. Bank of America Corp DE lifted its position in Universal Logistics by 1,745.7% in the second quarter. Bank of America Corp DE now owns 45,294 shares of the transportation company’s stock valued at $1,189,000 after acquiring an additional 42,840 shares during the last quarter. Citadel Advisors LLC purchased a new stake in Universal Logistics in the second quarter valued at $1,001,000. Finally, Dimensional Fund Advisors LP lifted its position in Universal Logistics by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 531,576 shares of the transportation company’s stock valued at $13,954,000 after acquiring an additional 38,095 shares during the last quarter. 26.05% of the stock is owned by institutional investors and hedge funds.
NASDAQ ULH opened at $26.61 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $778.02 million, a price-to-earnings ratio of 36.45 and a beta of 1.74. Universal Logistics Holdings Inc has a one year low of $20.38 and a one year high of $37.67.
Universal Logistics (NASDAQ:ULH) last posted its quarterly earnings data on Thursday, October 25th. The transportation company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The company had revenue of $374.29 million for the quarter, compared to analyst estimates of $341.00 million. Universal Logistics had a net margin of 4.86% and a return on equity of 27.43%. Equities analysts anticipate that Universal Logistics Holdings Inc will post 1.88 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Monday, November 5th will be paid a $0.105 dividend. The ex-dividend date is Friday, November 2nd. This is a positive change from Universal Logistics’s previous quarterly dividend of $0.07. This represents a $0.42 dividend on an annualized basis and a yield of 1.58%. Universal Logistics’s payout ratio is currently 57.53%.
A number of equities research analysts recently weighed in on ULH shares. Zacks Investment Research raised shares of Universal Logistics from a “hold” rating to a “strong-buy” rating and set a $41.00 price target for the company in a research report on Tuesday, August 21st. Loop Capital started coverage on shares of Universal Logistics in a research report on Wednesday, October 17th. They issued a “hold” rating and a $35.00 price target for the company. Citigroup boosted their price target on shares of Universal Logistics from $33.00 to $37.00 and gave the company a “neutral” rating in a research report on Tuesday, October 16th. BidaskClub lowered shares of Universal Logistics from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 12th. Finally, Stifel Nicolaus lifted their price objective on shares of Universal Logistics from $28.00 to $35.00 and gave the company a “hold” rating in a research note on Monday, July 30th. Five research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $35.25.
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About Universal Logistics
Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. It offers transportation services including dry van, flatbed, heavy haul, and refrigerated services; domestic and international freight forwarding and customs brokerage services; and final mile and ground expedite services.
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