SG Americas Securities LLC Raises Stake in Universal Logistics Holdings, Inc. (NASDAQ:ULH)

SG Americas Securities LLC lifted its stake in shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH) by 15.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,831 shares of the transportation company’s stock after buying an additional 516 shares during the quarter. SG Americas Securities LLC’s holdings in Universal Logistics were worth $176,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ULH. FMR LLC raised its stake in shares of Universal Logistics by 4.1% during the third quarter. FMR LLC now owns 2,537,859 shares of the transportation company’s stock worth $109,407,000 after purchasing an additional 100,563 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Universal Logistics by 126.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,854 shares of the transportation company’s stock worth $770,000 after acquiring an additional 9,966 shares during the period. Barclays PLC lifted its stake in shares of Universal Logistics by 339.7% in the 3rd quarter. Barclays PLC now owns 10,952 shares of the transportation company’s stock worth $473,000 after acquiring an additional 8,461 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Universal Logistics during the third quarter worth about $358,000. Finally, PDT Partners LLC purchased a new position in Universal Logistics during the third quarter worth about $301,000. Hedge funds and other institutional investors own 25.50% of the company’s stock.

Universal Logistics Stock Down 19.6 %

ULH opened at $34.53 on Monday. The firm has a market cap of $908.83 million, a P/E ratio of 6.99 and a beta of 0.90. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.75. Universal Logistics Holdings, Inc. has a 52 week low of $30.26 and a 52 week high of $53.29. The business’s fifty day simple moving average is $45.42 and its 200 day simple moving average is $44.24.

Universal Logistics (NASDAQ:ULH) last posted its quarterly 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 quarter in the previous year, the business posted $0.81 earnings per share. As a group, equities research analysts anticipate that Universal Logistics Holdings, Inc. will post 4.64 EPS for the current fiscal year.

Universal Logistics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Monday, March 3rd. Universal Logistics’s dividend payout ratio is currently 8.50%.

Wall Street Analyst Weigh In

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

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.