Wedge Capital Management L L P NC Decreases Stake in Universal Logistics Holdings Inc (NASDAQ:ULH)

Wedge Capital Management L L P NC reduced its stake in shares of Universal Logistics Holdings Inc (NASDAQ:ULH) by 18.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 47,332 shares of the transportation company’s stock after selling 10,386 shares during the period. Wedge Capital Management L L P NC’s holdings in Universal Logistics were worth $1,064,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its position in shares of Universal Logistics by 8.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 609,609 shares of the transportation company’s stock worth $11,028,000 after purchasing an additional 46,685 shares in the last quarter. Boston Partners boosted its position in shares of Universal Logistics by 3.9% in the 1st quarter. Boston Partners now owns 273,608 shares of the transportation company’s stock worth $5,385,000 after buying an additional 10,208 shares in the last quarter. LSV Asset Management boosted its position in shares of Universal Logistics by 153.3% in the 1st quarter. LSV Asset Management now owns 237,042 shares of the transportation company’s stock worth $4,664,000 after buying an additional 143,460 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Universal Logistics by 75.5% in the 4th quarter. Bank of New York Mellon Corp now owns 157,224 shares of the transportation company’s stock worth $2,844,000 after buying an additional 67,656 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Universal Logistics by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 124,882 shares of the transportation company’s stock worth $2,258,000 after buying an additional 4,751 shares in the last quarter. Institutional investors own 28.65% of the company’s stock.

Several research firms recently commented on ULH. BidaskClub lowered shares of Universal Logistics from a “hold” rating to a “sell” rating in a research report on Friday. Stifel Nicolaus upgraded shares of Universal Logistics from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $31.00 to $30.00 in a research report on Friday, August 2nd. Loop Capital upgraded shares of Universal Logistics from a “hold” rating to a “buy” rating in a research report on Tuesday, April 30th. Finally, ValuEngine upgraded shares of Universal Logistics from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Universal Logistics currently has a consensus rating of “Buy” and a consensus target price of $31.00.

Universal Logistics stock opened at $20.01 on Friday. Universal Logistics Holdings Inc has a 52 week low of $17.40 and a 52 week high of $37.67. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 1.56. The firm’s 50-day simple moving average is $21.25 and its 200 day simple moving average is $21.25. The firm has a market capitalization of $556.89 million, a PE ratio of 8.21 and a beta of 2.12.

Universal Logistics (NASDAQ:ULH) last released its quarterly earnings data on Thursday, July 25th. The transportation company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.06). Universal Logistics had a return on equity of 31.13% and a net margin of 4.03%. The business had revenue of $383.18 million during the quarter. On average, research analysts expect that Universal Logistics Holdings Inc will post 2.55 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 2nd will be paid a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 2.10%. The ex-dividend date is Thursday, August 29th. Universal Logistics’s payout ratio is 20.19%.

Universal Logistics Profile

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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Institutional Ownership by Quarter for Universal Logistics (NASDAQ:ULH)

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