UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 1,094 Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH) by 8.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,768 shares of the transportation company’s stock after selling 1,094 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Universal Logistics were worth $507,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Innealta Capital LLC acquired a new position in shares of Universal Logistics in the 2nd quarter valued at about $48,000. SG Americas Securities LLC purchased a new position in Universal Logistics in the 3rd quarter worth approximately $143,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Universal Logistics during the 3rd quarter valued at $358,000. AQR Capital Management LLC boosted its holdings in shares of Universal Logistics by 82.5% during the second quarter. AQR Capital Management LLC now owns 14,003 shares of the transportation company’s stock worth $568,000 after purchasing an additional 6,332 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in Universal Logistics during the 2nd quarter valued at approximately $970,000. Institutional investors and hedge funds own 25.50% of the company’s stock.

Universal Logistics Stock Up 0.9 %

ULH stock opened at $46.23 on Friday. Universal Logistics Holdings, Inc. has a 1-year low of $27.27 and a 1-year high of $53.29. The business has a fifty day moving average price of $47.18 and a 200-day moving average price of $43.42. The stock has a market capitalization of $1.22 billion, a P/E ratio of 9.28 and a beta of 0.89. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be given a $0.105 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.91%. Universal Logistics’s dividend payout ratio is currently 8.43%.

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.