SG Americas Securities LLC Acquires New Position in Universal Logistics Holdings, Inc. (NASDAQ:ULH)

SG Americas Securities LLC bought a new position in shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,914 shares of the transportation company’s stock, valued at approximately $110,000.

Several other large investors have also added to or reduced their stakes in the company. FMR LLC raised its stake in Universal Logistics by 16.3% during the 3rd quarter. FMR LLC now owns 2,115,321 shares of the transportation company’s stock valued at $53,264,000 after purchasing an additional 295,701 shares during the period. Exchange Traded Concepts LLC raised its position in shares of Universal Logistics by 2.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 14,930 shares of the transportation company’s stock valued at $418,000 after buying an additional 416 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of Universal Logistics in the third quarter worth $253,000. DekaBank Deutsche Girozentrale bought a new position in shares of Universal Logistics during the third quarter worth $171,000. Finally, Scopus Asset Management L.P. boosted its position in shares of Universal Logistics by 49.7% during the third quarter. Scopus Asset Management L.P. now owns 135,500 shares of the transportation company’s stock worth $3,412,000 after acquiring an additional 45,000 shares during the last quarter. Hedge funds and other institutional investors own 25.50% of the company’s stock.

Universal Logistics Stock Up 4.0 %

NASDAQ ULH opened at $33.50 on Friday. The stock has a 50 day moving average price of $34.32 and a 200-day moving average price of $29.17. Universal Logistics Holdings, Inc. has a one year low of $20.85 and a one year high of $38.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market capitalization of $881.39 million, a P/E ratio of 9.46 and a beta of 1.08.

Universal Logistics (NASDAQ:ULH) last released its quarterly earnings data on Thursday, February 15th. The transportation company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.71 by $0.10. Universal Logistics had a net margin of 5.59% and a return on equity of 18.58%. The business had revenue of $390.92 million during the quarter, compared to analyst estimates of $377.30 million. As a group, equities analysts predict that Universal Logistics Holdings, Inc. will post 3.65 EPS for the current fiscal year.

Universal Logistics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were given a $0.105 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.42 annualized dividend and a yield of 1.25%. Universal Logistics’s dividend payout ratio is currently 11.86%.

Wall Street Analysts Forecast Growth

ULH has been the topic of several research analyst reports. StockNews.com cut shares of Universal Logistics from a “buy” rating to a “hold” rating in a research note on Wednesday. Stifel Nicolaus upgraded Universal Logistics from a “hold” rating to a “buy” rating and boosted their target price for the stock from $35.00 to $36.00 in a research report on Wednesday, January 10th.

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.