Victory Capital Management Inc. Has $1.62 Million Stake in Universal Logistics Holdings, Inc. (NASDAQ:ULH)

Victory Capital Management Inc. increased its stake in shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,564 shares of the transportation company’s stock after purchasing an additional 643 shares during the quarter. Victory Capital Management Inc. owned about 0.14% of Universal Logistics worth $1,619,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. O Shaughnessy Asset Management LLC bought a new stake in Universal Logistics during the 1st quarter worth about $260,000. Quadrature Capital Ltd grew its position in shares of Universal Logistics by 25.2% during the 1st quarter. Quadrature Capital Ltd now owns 13,604 shares of the transportation company’s stock worth $505,000 after buying an additional 2,742 shares during the period. Innealta Capital LLC bought a new stake in shares of Universal Logistics during the second quarter worth approximately $48,000. Anchor Capital Advisors LLC lifted its holdings in Universal Logistics by 1.8% in the second quarter. Anchor Capital Advisors LLC now owns 26,403 shares of the transportation company’s stock valued at $1,072,000 after buying an additional 459 shares during the period. Finally, American Century Companies Inc. boosted its stake in Universal Logistics by 27.1% in the second quarter. American Century Companies Inc. now owns 170,640 shares of the transportation company’s stock valued at $6,926,000 after acquiring an additional 36,377 shares during the last quarter. Institutional investors and hedge funds own 25.50% of the company’s stock.

Universal Logistics Price Performance

Universal Logistics stock opened at $51.46 on Tuesday. The firm has a market capitalization of $1.35 billion, a P/E ratio of 10.55 and a beta of 0.84. The business has a 50-day moving average of $45.01 and a 200-day moving average of $42.99. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.75. Universal Logistics Holdings, Inc. has a 1 year low of $23.31 and a 1 year high of $53.29.

Universal Logistics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be issued a $0.105 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.42 annualized dividend and a yield of 0.82%. Universal Logistics’s dividend payout ratio (DPR) is presently 8.43%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Universal Logistics from a “buy” rating to a “hold” rating in a research note on Monday, August 12th.

Universal Logistics Company 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.