JPMorgan Chase & Co. Acquires 9,966 Shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH)

JPMorgan Chase & Co. increased its holdings in shares of Universal Logistics Holdings, Inc. (NASDAQ:ULH) by 126.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 17,854 shares of the transportation company’s stock after acquiring an additional 9,966 shares during the period. JPMorgan Chase & Co.’s holdings in Universal Logistics were worth $770,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in shares of Universal Logistics during the 3rd quarter worth approximately $143,000. PDT Partners LLC acquired a new position in shares of Universal Logistics during the 3rd quarter valued at $301,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Universal Logistics during the third quarter worth $358,000. Jane Street Group LLC boosted its stake in Universal Logistics by 23.8% during the third quarter. Jane Street Group LLC now owns 9,276 shares of the transportation company’s stock worth $400,000 after acquiring an additional 1,783 shares in the last quarter. Finally, Barclays PLC grew its holdings in Universal Logistics by 339.7% in the third quarter. Barclays PLC now owns 10,952 shares of the transportation company’s stock worth $473,000 after purchasing an additional 8,461 shares during the period. 25.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus upped their price objective on shares of Universal Logistics from $42.00 to $44.00 and gave the company a “hold” rating in a report on Thursday.

Universal Logistics Trading Up 0.3 %

Shares of Universal Logistics stock opened at $45.39 on Monday. The stock has a market capitalization of $1.19 billion, a PE ratio of 9.11 and a beta of 0.92. Universal Logistics Holdings, Inc. has a 52 week low of $28.00 and a 52 week high of $53.29. The stock has a 50 day moving average price of $46.70 and a two-hundred day moving average price of $44.22. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.36 and a current ratio of 1.36.

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.