Bank of New York Mellon Corp Sells 16,767 Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH)

Bank of New York Mellon Corp lessened its position in Universal Logistics Holdings, Inc. (NASDAQ:ULH) by 9.9% during the second quarter, Holdings Channel reports. The institutional investor owned 151,820 shares of the transportation company’s stock after selling 16,767 shares during the quarter. Bank of New York Mellon Corp’s holdings in Universal Logistics were worth $6,162,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ULH. BNP Paribas Financial Markets lifted its stake in Universal Logistics by 77.7% in the first quarter. BNP Paribas Financial Markets now owns 3,347 shares of the transportation company’s stock valued at $123,000 after acquiring an additional 1,463 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of Universal Logistics during the 1st quarter worth approximately $260,000. Quadrature Capital Ltd increased its holdings in shares of Universal Logistics by 8.3% during the 4th quarter. Quadrature Capital Ltd now owns 10,862 shares of the transportation company’s stock worth $304,000 after acquiring an additional 834 shares during the last quarter. Pacific Ridge Capital Partners LLC acquired a new stake in Universal Logistics during the 4th quarter valued at $470,000. Finally, Anchor Capital Advisors LLC acquired a new position in shares of Universal Logistics in the first quarter valued at $957,000. 25.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Universal Logistics from a “buy” rating to a “hold” rating in a research note on Monday, August 12th.

Universal Logistics Stock Performance

NASDAQ:ULH opened at $40.91 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.66. The stock has a 50 day simple moving average of $40.99 and a 200 day simple moving average of $39.87. Universal Logistics Holdings, Inc. has a 1-year low of $20.85 and a 1-year high of $50.52. The stock has a market cap of $1.08 billion, a P/E ratio of 8.93 and a beta of 0.83.

Universal Logistics (NASDAQ:ULH) last released its quarterly earnings results on Thursday, July 25th. The transportation company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.14 by $0.03. Universal Logistics had a net margin of 7.23% and a return on equity of 22.84%. The business had revenue of $462.16 million for the quarter, compared to the consensus estimate of $461.60 million. During the same period in the prior year, the company posted $0.90 earnings per share. Research analysts anticipate that Universal Logistics Holdings, Inc. will post 5.25 earnings per share for the current year.

Universal Logistics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 2nd will be given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, August 30th. Universal Logistics’s payout ratio is currently 9.17%.

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.