Connor Clark & Lunn Investment Management Ltd. Invests $358,000 in Universal Logistics Holdings, Inc. (NASDAQ:ULH)

Connor Clark & Lunn Investment Management Ltd. bought a new position in Universal Logistics Holdings, Inc. (NASDAQ:ULH) during the third quarter, Holdings Channel.com reports. The fund bought 8,293 shares of the transportation company’s stock, valued at approximately $358,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Innealta Capital LLC acquired a new position in Universal Logistics in the second quarter worth approximately $48,000. Victory Capital Management Inc. boosted its stake in shares of Universal Logistics by 339.1% during the 2nd quarter. Victory Capital Management Inc. now owns 36,921 shares of the transportation company’s stock worth $1,499,000 after acquiring an additional 28,513 shares in the last quarter. Anchor Capital Advisors LLC boosted its stake in shares of Universal Logistics by 1.8% during the 2nd quarter. Anchor Capital Advisors LLC now owns 26,403 shares of the transportation company’s stock worth $1,072,000 after acquiring an additional 459 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Universal Logistics by 27.1% in the 2nd quarter. American Century Companies Inc. now owns 170,640 shares of the transportation company’s stock worth $6,926,000 after acquiring an additional 36,377 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Universal Logistics by 1.8% during the second quarter. Dimensional Fund Advisors LP now owns 827,669 shares of the transportation company’s stock worth $33,594,000 after purchasing an additional 14,720 shares during the period. 25.50% of the stock is owned by institutional investors and hedge funds.

Universal Logistics Stock Performance

Universal Logistics stock opened at $52.11 on Friday. Universal Logistics Holdings, Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $53.29. The firm’s 50 day simple moving average is $45.79 and its 200-day simple moving average is $43.13. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.36 and a quick ratio of 1.36. The company has a market cap of $1.37 billion, a P/E ratio of 10.46 and a beta of 0.84.

Universal Logistics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 0.81%. The ex-dividend date is Monday, December 2nd. Universal Logistics’s payout ratio is 8.43%.

Analyst Ratings Changes

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

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.