Brandywine Global Investment Management LLC Sells 2,110 Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH)

Brandywine Global Investment Management LLC trimmed its holdings in shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH) by 4.5% during the fourth quarter, HoldingsChannel reports. The fund owned 45,293 shares of the transportation company’s stock after selling 2,110 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Universal Logistics were worth $2,081,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its position in shares of Universal Logistics by 126.3% during the third quarter. JPMorgan Chase & Co. now owns 17,854 shares of the transportation company’s stock worth $770,000 after acquiring an additional 9,966 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Universal Logistics during the 4th quarter worth approximately $753,000. FMR LLC lifted its position in shares of Universal Logistics by 4.1% in the 3rd quarter. FMR LLC now owns 2,537,859 shares of the transportation company’s stock worth $109,407,000 after purchasing an additional 100,563 shares during the period. Barclays PLC boosted its stake in shares of Universal Logistics by 339.7% in the 3rd quarter. Barclays PLC now owns 10,952 shares of the transportation company’s stock valued at $473,000 after purchasing an additional 8,461 shares during the last quarter. Finally, State Street Corp raised its stake in Universal Logistics by 0.6% during the third quarter. State Street Corp now owns 147,251 shares of the transportation company’s stock worth $6,363,000 after buying an additional 911 shares during the last quarter. 25.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus upped their price target on shares of Universal Logistics from $42.00 to $44.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd.

Universal Logistics Price Performance

Shares of ULH opened at $27.17 on Thursday. The firm has a market cap of $715.03 million, a PE ratio of 5.50 and a beta of 0.92. Universal Logistics Holdings, Inc. has a 52-week low of $25.13 and a 52-week high of $53.29. The business’s 50 day moving average price is $31.43 and its two-hundred day moving average price is $40.72. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.36 and a current ratio of 1.36.

Universal Logistics (NASDAQ:ULH) last released its earnings results on Thursday, February 6th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.16). Universal Logistics had a net margin of 7.04% and a return on equity of 21.37%. During the same quarter last year, the company posted $0.81 EPS. On average, equities analysts anticipate that Universal Logistics Holdings, Inc. will post 2.81 EPS for the current year.

Universal Logistics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were given a dividend of $0.105 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.55%. Universal Logistics’s dividend payout ratio (DPR) is presently 8.50%.

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.