Victory Capital Management Inc. Has $1.62 Million Holdings in Universal Logistics Holdings, Inc. (NASDAQ:ULH)

Victory Capital Management Inc. lifted its holdings in Universal Logistics Holdings, Inc. (NASDAQ:ULH) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,564 shares of the transportation company’s stock after purchasing an additional 643 shares during the quarter. Victory Capital Management Inc.’s holdings in Universal Logistics were worth $1,619,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Anchor Capital Advisors LLC grew its stake in Universal Logistics by 1.8% in the second quarter. Anchor Capital Advisors LLC now owns 26,403 shares of the transportation company’s stock valued at $1,072,000 after purchasing an additional 459 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Universal Logistics in the second quarter valued at $48,000. Quadrature Capital Ltd grew its stake in shares of Universal Logistics by 25.2% in the first quarter. Quadrature Capital Ltd now owns 13,604 shares of the transportation company’s stock valued at $505,000 after buying an additional 2,742 shares in the last quarter. SG Americas Securities LLC acquired a new position in Universal Logistics during the third quarter worth $143,000. Finally, AQR Capital Management LLC raised its position in 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 acquiring an additional 6,332 shares in the last quarter. Institutional investors and hedge funds own 25.50% of the company’s stock.

Wall Street Analyst Weigh In

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

Universal Logistics Price Performance

NASDAQ:ULH opened at $51.46 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.75. Universal Logistics Holdings, Inc. has a 12-month low of $23.31 and a 12-month high of $53.29. The stock’s 50 day moving average price is $45.01 and its two-hundred day moving average price is $42.99. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 10.55 and a beta of 0.84.

Universal Logistics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Monday, December 2nd. Universal Logistics’s dividend payout ratio is 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.