Charles Schwab Investment Management Inc. Increases Holdings 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 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,164 shares of the transportation company’s stock after purchasing an additional 1,040 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Universal Logistics were worth $2,672,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Anchor Capital Advisors LLC boosted its stake in Universal Logistics by 28.5% in the 4th quarter. Anchor Capital Advisors LLC now owns 34,105 shares of the transportation company’s stock worth $1,567,000 after purchasing an additional 7,570 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Universal Logistics in the fourth quarter worth $753,000. Denali Advisors LLC boosted its position in shares of Universal Logistics by 10.0% during the fourth quarter. Denali Advisors LLC now owns 92,249 shares of the transportation company’s stock worth $4,238,000 after acquiring an additional 8,418 shares during the last quarter. New York State Common Retirement Fund grew its stake in Universal Logistics by 7.3% during the fourth quarter. New York State Common Retirement Fund now owns 31,157 shares of the transportation company’s stock valued at $1,431,000 after acquiring an additional 2,109 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in Universal Logistics by 4.8% in the 4th quarter. Rhumbline Advisers now owns 10,353 shares of the transportation company’s stock valued at $476,000 after acquiring an additional 470 shares during the last quarter. Hedge funds and other institutional investors own 25.50% of the company’s stock.

Wall Street Analyst Weigh In

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

Universal Logistics Stock Performance

NASDAQ:ULH opened at $27.77 on Friday. The company has a market cap of $730.82 million, a price-to-earnings ratio of 5.62 and a beta of 0.96. Universal Logistics Holdings, Inc. has a 1 year low of $25.13 and a 1 year high of $53.29. The stock’s 50 day simple moving average is $32.81 and its two-hundred day simple moving average is $41.10. 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 (NASDAQ:ULH) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.16). Universal Logistics had a return on equity of 21.37% and a net margin of 7.04%. During the same quarter in the prior year, the firm posted $0.81 earnings per share. As a group, equities analysts anticipate that Universal Logistics Holdings, Inc. will post 2.81 earnings per share for the current fiscal year.

Universal Logistics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Monday, March 3rd. Universal Logistics’s dividend payout ratio is 8.50%.

About Universal Logistics

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.