Alliancebernstein L.P. Has $355,000 Stock Position in Universal Logistics Holdings, Inc. (NASDAQ:ULH)

Alliancebernstein L.P. lessened its position in shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH) by 9.9% during the 4th quarter, HoldingsChannel reports. The fund owned 7,720 shares of the transportation company’s stock after selling 850 shares during the quarter. Alliancebernstein L.P.’s holdings in Universal Logistics were worth $355,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new position in shares of Universal Logistics in the 4th quarter valued at $64,000. SG Americas Securities LLC boosted its holdings in Universal Logistics by 15.6% during the fourth quarter. SG Americas Securities LLC now owns 3,831 shares of the transportation company’s stock worth $176,000 after buying an additional 516 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of Universal Logistics during the 4th quarter worth about $293,000. Jane Street Group LLC increased its stake in shares of Universal Logistics by 23.8% in the 3rd quarter. Jane Street Group LLC now owns 9,276 shares of the transportation company’s stock valued at $400,000 after acquiring an additional 1,783 shares during the last quarter. Finally, Barclays PLC raised its position 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 acquiring an additional 8,461 shares during the period. Institutional investors own 25.50% of the company’s stock.

Analysts Set New Price Targets

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

Universal Logistics Stock Performance

ULH stock opened at $26.06 on Tuesday. Universal Logistics Holdings, Inc. has a 1-year low of $22.86 and a 1-year high of $53.29. The business’s 50-day moving average price is $26.80 and its two-hundred day moving average price is $38.86. The firm has a market cap of $685.82 million, a PE ratio of 5.28 and a beta of 0.92. 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 (NASDAQ:ULH) last issued its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period last year, the business earned $0.81 earnings per share. As a group, research analysts forecast that Universal Logistics Holdings, Inc. will post 2.81 earnings per share for the current year.

Universal Logistics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Monday, March 3rd. Universal Logistics’s payout ratio is presently 8.50%.

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.