Royce & Associates LP Sells 27,171 Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH)

Royce & Associates LP trimmed its stake in Universal Logistics Holdings, Inc. (NASDAQ:ULH) by 13.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 173,922 shares of the transportation company’s stock after selling 27,171 shares during the period. Royce & Associates LP owned about 0.66% of Universal Logistics worth $7,990,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ULH. SG Americas Securities LLC raised its stake in shares of Universal Logistics by 15.6% in the fourth quarter. SG Americas Securities LLC now owns 3,831 shares of the transportation company’s stock valued at $176,000 after acquiring an additional 516 shares during the last quarter. Commonwealth Equity Services LLC bought a new position in Universal Logistics in the 4th quarter valued at $293,000. PDT Partners LLC bought a new position in Universal Logistics in the 3rd quarter valued at $301,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Universal Logistics in the third quarter worth $358,000. Finally, Jane Street Group LLC grew its holdings in shares of Universal Logistics by 23.8% during the third quarter. Jane Street Group LLC now owns 9,276 shares of the transportation company’s stock worth $400,000 after purchasing an additional 1,783 shares during the last quarter. 25.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus upped their price target on shares of Universal Logistics from $42.00 to $44.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd.

Universal Logistics Price Performance

ULH opened at $26.02 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.36 and a quick ratio of 1.36. The company’s 50 day simple moving average is $35.03 and its 200-day simple moving average is $41.80. Universal Logistics Holdings, Inc. has a one year low of $25.13 and a one year high of $53.29. The stock has a market capitalization of $684.79 million, a P/E ratio of 5.27 and a beta of 0.96.

Universal Logistics (NASDAQ:ULH) last released its earnings results on Thursday, February 6th. The transportation company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.16). Universal Logistics had a net margin of 7.04% and a return on equity of 21.37%. During the same period last year, the firm earned $0.81 earnings per share. Sell-side analysts anticipate that Universal Logistics Holdings, Inc. will post 2.81 earnings per share for the current fiscal year.

Universal Logistics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.105 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.42 annualized dividend and a yield of 1.61%. Universal Logistics’s dividend payout ratio is currently 8.50%.

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.