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

State Street Corp grew its stake in Universal Logistics Holdings, Inc. (NASDAQ:ULH) by 0.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 147,251 shares of the transportation company’s stock after buying an additional 911 shares during the quarter. State Street Corp’s holdings in Universal Logistics were worth $6,363,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC increased its position 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 period. Dimensional Fund Advisors LP increased its holdings in shares of Universal Logistics by 1.8% during the second quarter. Dimensional Fund Advisors LP now owns 827,669 shares of the transportation company’s stock valued at $33,594,000 after acquiring an additional 14,720 shares in the last quarter. American Century Companies Inc. raised 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 worth $6,926,000 after purchasing an additional 36,377 shares during the last quarter. Empowered Funds LLC increased its stake in Universal Logistics by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 98,155 shares of the transportation company’s stock valued at $4,231,000 after purchasing an additional 4,958 shares in the last quarter. Finally, Denali Advisors LLC boosted its stake in Universal Logistics by 33.6% during the 2nd quarter. Denali Advisors LLC now owns 83,831 shares of the transportation company’s stock valued at $3,403,000 after purchasing an additional 21,100 shares during the last quarter. 25.50% of the stock is currently owned by hedge funds and other institutional investors.

Universal Logistics Trading Down 2.8 %

Shares of ULH stock opened at $46.07 on Friday. 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 12-month low of $27.49 and a 12-month high of $53.29. The stock has a market capitalization of $1.21 billion, a P/E ratio of 9.25 and a beta of 0.89. The firm’s 50 day moving average is $47.37 and its 200 day moving average is $43.63.

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 paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Monday, December 2nd. Universal Logistics’s payout ratio is 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.