Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH) acquired by Assenagon Asset Management SA


Assenagon Asset Management SA increased its position in shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH – Get Rating) by 6.3% in the first quarter, according to its latest 13F filing with the Securities & Exchange Commission. The company held 105,203 shares of the transportation company after purchasing an additional 6,192 shares during the period. Assenagon Asset Management SA’s holdings in Universal Logistics were worth $2,120,000 at the end of the last quarter.

Other hedge funds have also recently increased or reduced their stakes in the company. Cornerstone Investment Partners LLC purchased a new stake in shares of Universal Logistics during Q4 for a value of approximately $315,000. Invenomic Capital Management LP increased its equity stake in Universal Logistics by 2.0% in the fourth quarter. Invenomic Capital Management LP now owns 72,973 shares of the transportation company worth $1,376,000 after buying an additional 1,462 shares last quarter. Lafitte Capital Management LP increased its stake in shares of Universal Logistics by 8.7% in the 4th quarter. Lafitte Capital Management LP now owns 498,800 shares of the transportation company worth $9,407,000 after buying an additional 40,000 shares last quarter. Denali Advisors LLC increased its stake in Universal Logistics shares by 47.1% in the 1st quarter. Denali Advisors LLC now owns 5,000 shares of the transportation company worth $101,000 after buying 1,600 additional shares in the last quarter. Finally, Scopus Asset Management LP increased its stake in Universal Logistics shares by 132.5% in the 4th quarter. Scopus Asset Management LP now owns 234,862 shares of the transportation company worth $4,429,000 after buying an additional 133,862 shares last quarter. Institutional investors hold 23.84% of the company’s shares.

Several research analysts have recently looked at ULH stocks. TheStreet upgraded shares of Universal Logistics from a “c+” rating to a “b-” rating in a Monday, March 21 research report. Citigroup raised its price target on Universal Logistics shares to $27.00 in a Wednesday, May 25 research report. Finally, StockNews.com upgraded Universal Logistics shares from a “buy” rating to a “strong buy” rating in a Thursday, May 12 research report.

Shares of Universal Logistics opened at $25.72 on Thursday. The company has a fifty-day simple moving average of $26.63 and a 200-day simple moving average of $21.62. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt ratio of 1.02. Universal Logistics Holdings, Inc. has a 1-year low of $15.86 and a 1-year high of $30.68. The stock has a market capitalization of $680.04 million, a price-earnings ratio of 7.37 and a beta of 1.26.

Universal Logistics (NASDAQ:ULH – Get Rating) last released its results on Thursday, May 5. The transportation company reported EPS of $1.56 for the quarter, beating the consensus estimate of $0.66 by $0.90. Universal Logistics achieved a net margin of 5.06% and a return on equity of 35.79%. The company had revenue of $523.86 million in the quarter. In the same quarter of the previous year, the company had earned earnings per share of $0.77. As a group, research analysts predict Universal Logistics Holdings, Inc. will post earnings per share of 4.55 for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 5. Shareholders of record on Monday, June 6 received a dividend of $0.105. This represents a dividend of $0.42 on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Friday, June 3. Universal Logistics’ dividend payout rate is 12.03%.

Universal logistics profile (Get a rating)

Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada and Colombia. It offers truckload services, which include dry, flatbed, heavy-haul and refrigerated pickup operations; domestic and international freight forwarding services and customs brokerage services; and expedited last mile and ground services.

See also

Want to see what other hedge funds hold ULH? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Universal Logistics Holdings, Inc. (NASDAQ:ULH – Get Rating).

Institutional ownership by quarter for Universal Logistics (NASDAQ:ULH)



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