State Street Corp Buys 911 Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH)

State Street Corp boosted its stake in Universal Logistics Holdings, Inc. (NASDAQ:ULH) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,251 shares of the transportation company’s stock after acquiring an additional 911 shares during the quarter. State Street Corp owned 0.56% of Universal Logistics worth $6,363,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in Universal Logistics by 4.1% during the 3rd quarter. FMR LLC now owns 2,537,859 shares of the transportation company’s stock valued at $109,407,000 after purchasing an additional 100,563 shares during the last quarter. American Century Companies Inc. lifted its position in Universal Logistics by 27.1% during the second quarter. American Century Companies Inc. now owns 170,640 shares of the transportation company’s stock worth $6,926,000 after purchasing an additional 36,377 shares during the period. Victory Capital Management Inc. grew its stake in Universal Logistics by 339.1% during the second quarter. Victory Capital Management Inc. now owns 36,921 shares of the transportation company’s stock worth $1,499,000 after buying an additional 28,513 shares in the last quarter. Renaissance Technologies LLC bought a new position in Universal Logistics in the second quarter valued at approximately $970,000. Finally, Denali Advisors LLC lifted its holdings in shares of Universal Logistics by 33.6% in the second quarter. Denali Advisors LLC now owns 83,831 shares of the transportation company’s stock worth $3,403,000 after acquiring an additional 21,100 shares during the last quarter. 25.50% of the stock is owned by institutional investors and hedge funds.

Universal Logistics Stock Performance

Shares of ULH stock opened at $46.07 on Friday. The business’s 50-day moving average price is $47.37 and its 200-day moving average price is $43.63. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 9.25 and a beta of 0.89. Universal Logistics Holdings, Inc. has a 12 month low of $27.49 and a 12 month high of $53.29. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Monday, December 2nd. Universal Logistics’s dividend payout ratio is currently 8.43%.

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.