Charles Schwab Investment Management Inc. Increases Stake in Universal Logistics Holdings, Inc. (NASDAQ:ULH)

Charles Schwab Investment Management Inc. increased its holdings in shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH) by 3.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,124 shares of the transportation company’s stock after buying an additional 1,864 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Universal Logistics were worth $2,463,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. American Century Companies Inc. increased its position in shares of Universal Logistics by 27.1% in the 2nd quarter. American Century Companies Inc. now owns 170,640 shares of the transportation company’s stock valued at $6,926,000 after purchasing an additional 36,377 shares during the last quarter. Denali Advisors LLC grew its position in shares of Universal Logistics by 33.6% in the 2nd quarter. Denali Advisors LLC now owns 83,831 shares of the transportation company’s stock valued at $3,403,000 after buying an additional 21,100 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Universal Logistics by 339.1% in the 2nd quarter. Victory Capital Management Inc. now owns 36,921 shares of the transportation company’s stock valued at $1,499,000 after buying an additional 28,513 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Universal Logistics in the 2nd quarter valued at $970,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Universal Logistics by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 827,669 shares of the transportation company’s stock valued at $33,594,000 after buying an additional 14,720 shares during the last quarter. 25.50% of the stock is owned by hedge funds and other institutional investors.

Universal Logistics Stock Down 0.7 %

Shares of NASDAQ:ULH opened at $48.47 on Monday. The stock has a market cap of $1.28 billion, a P/E ratio of 9.73 and a beta of 0.89. The firm has a fifty day moving average price of $46.94 and a 200 day moving average price of $43.32. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.36 and a quick ratio of 1.36. Universal Logistics Holdings, Inc. has a 1-year low of $25.78 and a 1-year high of $53.29.

Universal Logistics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Monday, December 2nd. Universal Logistics’s dividend payout ratio is currently 8.43%.

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.