ULH Universal Logistics Holdings, Inc. - Common Stock

NASDAQ · Road & Rail · View on SEC EDGAR ↗
$19.07
Price · Aug 25, 2026
Fundamentals as of Aug 13, 2026

ULH Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$19.07
Market Cap
$502M
P/E (TTM)
-5.0
EPS (TTM)
$-3.79
Revenue (TTM)
$1.56B
Div Yield
2.2%
ROE
-16.7%
Debt/Equity
1.5
52W Range
$12 – $27

ULH Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $1.56B
7-point trend, +3.1%
2019-12-31 2025-12-31
EPS $-3.79
7-point trend, -382.8%
2019-12-31 2025-12-31
Free Cash Flow $-41M
7-point trend, -185.2%
2019-12-31 2025-12-31
Margins -6.4%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
ULH
Peer Median
P/E (TTM)
5-point trend, -158.2%
-5.0
109.9
P/S (TTM)
5-point trend, -11.5%
0.3
0.6
P/B
5-point trend, -55.9%
0.9
1.3
EV / EBITDA
5-point trend, -303.4%
-19.8
Price / FCF
5-point trend, -185.1%
-12.2

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
ULH
Peer Median
Operating Margin
5-point trend, -170.2%
-4.1%
Net Profit Margin
5-point trend, -252.3%
-6.4%
-5.8%
ROA
5-point trend, -183.7%
-5.6%
-5.3%
ROE
5-point trend, -166.9%
-16.7%
-12.1%
ROIC
5-point trend, -145.5%
-4.8%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
ULH
Peer Median
Debt / Equity
5-point trend, +4.4%
1.5
3.9
Current Ratio
5-point trend, -10.5%
1.2
1.4
Quick Ratio
5-point trend, -20.3%
0.9

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
ULH
Peer Median
Revenue YoY
5-point trend, -11.0%
-15.6%
Revenue CAGR 3Y
5-point trend, -11.0%
-8.2%
Revenue CAGR 5Y
5-point trend, -11.0%
2.3%
EPS YoY
5-point trend, -238.3%
39.7%
Net Income YoY
5-point trend, -235.5%
39.8%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
ULH
Peer Median
EPS (Diluted)
5-point trend, -238.3%
$-3.79

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
ULH
Peer Median
Payout Ratio
5-point trend, -172.2%
-11.1%

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
2.2%
Payout Ratio
-11.1%
5Y Div CAGR
Ex-dateAmount
June 1, 2026$0.1050
March 23, 2026$0.1050
Dec. 1, 2025$0.1050
Aug. 29, 2025$0.1050
June 2, 2025$0.1050
March 3, 2025$0.1050
Dec. 2, 2024$0.1050
Aug. 30, 2024$0.1050
June 3, 2024$0.1050
March 1, 2024$0.1050
Dec. 1, 2023$0.1050
Aug. 31, 2023$0.1050
June 2, 2023$0.1050
March 3, 2023$0.1050
Dec. 2, 2022$0.1050
Sept. 1, 2022$0.1050
June 3, 2022$0.1050
March 4, 2022$0.1050
Dec. 3, 2021$0.1050
Sept. 2, 2021$0.1050

ULH Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

SELL 8 analysts
  • Strong Buy 0 0.0%
  • Buy 0 0.0%
  • Hold 3 37.5%
  • Sell 4 50.0%
  • Strong Sell 1 12.5%

12-Month Price Target

1 analysts · 2026-08-23
Median target $16.00 -16.1%
Mean target $16.00 -16.1%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
-0.04%
Period EPS Actual EPS Est Surprise
June 30, 2026 $0.16 $0.13 0.03%
March 31, 2026 $-0.13 $0.09 -0.22%
Dec. 31, 2025 $0.14 $-0.05 0.19%
Sept. 30, 2025 $0.25 $0.18 0.07%
June 30, 2025 $0.32 $0.34 -0.02%
March 31, 2025 $0.23 $0.48 -0.25%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
ULH $400M -4.0 -15.6% -6.4% -16.7%
ARCB 28.3 -4.0% 1.5% 4.6%
WERN $1.80B -125.0 -1.8% -0.48% -1.0%
MRTN $928M 54.2 -8.3% 2.0% 2.3%
HTLD $699M -13.5 -23.1% -6.5% -6.8%
CVLG 81.6 2.9% 0.62% 1.8%
PAMT $253M -4.9 -16.3% -8.8% -23.1%
PAL $268M -11.1%
ETS -3.5 21.6%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 15
Annual Income Statement data for ULH
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +30.8% $1.56B $1.85B $1.66B $2.02B $1.75B $1.39B $1.51B $1.46B $1.22B $1.07B $1.13B $1.19B
SG&A Expense 12-point trend, +28.3% $54M $57M $50M $49M $42M $33M $44M $32M $32M $29M $31M $42M
Operating Expenses 12-point trend, +46.1% $1.62B $1.64B $1.52B $1.78B $1.65B $1.31B $1.45B $1.38B $1.19B $1.03B $1.06B $1.11B
Operating Income 12-point trend, -179.6% $-64M $203M $145M $240M $103M $80M $65M $84M $25M $47M $73M $81M
Interest Expense 12-point trend, +495.7% $49M $34M $24M $16M $12M $15M $17M $15M $10M $8M $9M $8M
Interest Income 12-point trend, +24269.6% $11M $4M $1M $132.0K $43.0K $47.0K $73.0K $76.0K $92.0K $157.0K $55.0K $46.0K
Other Non-op 12-point trend, +379.2% $2M $837.0K $2M $1M $7M $-2M $2M $188.0K $1M $934.0K $790.0K $447.0K
Pretax Income 12-point trend, -236.8% $-100M $174M $124M $225M $99M $64M $50M $69M $17M $39M $65M $73M
Income Tax 12-point trend, -100.5% $-139.0K $44M $31M $57M $25M $16M $13M $17M $-11M $15M $25M $28M
Net Income 12-point trend, -320.1% $-100M $130M $93M $169M $74M $48M $38M $52M $28M $24M $40M $45M
EPS (Basic) 12-point trend, -351.0% $-3.79 $4.94 $3.53 $6.37 $2.74 $1.78 $1.34 $1.84 $0.99 $0.85 $1.37 $1.51
EPS (Diluted) 12-point trend, -351.0% $-3.79 $4.93 $3.53 $6.37 $2.74 $1.78 $1.34 $1.84 $0.99 $0.85 $1.37 $1.51
Shares (Basic) 12-point trend, -12.3% 26,328,000 26,315,000 26,284,000 26,469,000 26,919,000 26,997,000 28,069,000 28,383,000 28,425,000 28,411,000 29,233,000 30,013,000
Shares (Diluted) 12-point trend, -12.3% 26,339,000 26,348,000 26,308,000 26,489,000 26,929,000 27,000,000 28,070,000 28,390,000 28,428,000 28,411,000 29,235,000 30,044,000
EBITDA 12-point trend, -179.6% $-64M $203M $145M $240M $103M $80M $65M $84M $25M $47M $73M $81M
Balance Sheet 29
Annual Balance Sheet data for ULH
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +235.5% $27M $19M $13M $47M $14M $9M $8M $6M $2M $2M $13M $8M
Short-term Investments 4-point trend, +5.8% · · · · · · · · $15M $14M $13M $14M
Receivables 12-point trend, +72.9% $261M $294M $288M $351M $341M $259M $211M $216M $171M $145M $141M $151M
Inventory 12-point trend, +19.9% $10M $8M $12M $11M $14M $8M $7M $7M $5M $9M $9M $8M
Prepaid Expense 12-point trend, +33.5% $26M $25M $30M $26M $30M $23M $20M $20M $16M $17M $18M $19M
Other Current Assets 4-point trend, +0.0% $1M $1M $700.0K $1M · · · · · · · ·
Current Assets 12-point trend, +77.0% $383M $410M $365M $460M $421M $322M $272M $275M $229M $207M $203M $216M
PP&E (Net) 12-point trend, +360.2% $819M $742M $561M $391M $346M $365M $340M $303M $267M $246M $177M $178M
PP&E (Gross) 12-point trend, +292.8% $1.29B $1.17B $931M $743M $679M $664M $610M $535M $473M $428M $349M $328M
Accum. Depreciation 12-point trend, +212.5% $467M $429M $370M $352M $334M $299M $270M $231M $206M $181M $172M $150M
Goodwill 12-point trend, +41.8% $106M $207M $171M $171M $171M $171M $168M $145M $74M $74M $74M $74M
Intangibles 12-point trend, +101.8% $109M $151M $61M $74M $88M $102M $116M $114M $31M $37M $45M $54M
Other Non-current Assets 12-point trend, -62.5% $2M $5M $7M $7M $4M $4M $3M $3M $5M $5M $4M $6M
Total Assets 12-point trend, +235.0% $1.77B $1.79B $1.25B $1.20B $1.14B $1.06B $995M $843M $611M $570M $503M $529M
Accounts Payable 12-point trend, +6.3% $61M $60M $64M $87M $118M $98M $92M $92M $84M $66M $46M $57M
Accrued Liabilities 12-point trend, +166.2% $59M $71M $43M $43M $44M $40M $35M $25M $24M $20M $19M $22M
Current Liabilities 12-point trend, +178.9% $318M $305M $260M $287M $313M $273M $250M $221M $199M $145M $154M $114M
Capital Leases 10-point trend, +7194.2% $144M $51M $64M $78M $86M $78M $70M · · $92.0K $1M $2M
Deferred Tax 12-point trend, +79.6% $82M $109M $80M $70M $61M $64M $66M $59M $32M $48M $40M $46M
Other Non-current Liabilities 12-point trend, -6.0% $4M $5M $6M $9M $9M $8M $6M $5M $3M $4M $4M $4M
Long-term Debt 12-point trend, +239.0% $798M $759M $382M $378M $427M $460M $458M $400M $248M $261M $233M $235M
Total Debt 12-point trend, +239.0% $798M $759M $382M $378M $427M $460M $458M $400M $248M $261M $235M $235M
Common Stock 12-point trend, -14.7% $26M $26M $31M $31M $31M $31M $31M $31M $31M $31M $31M $31M
Retained Earnings 12-point trend, +334.3% $512M $623M $595M $514M $356M $294M $251M $232M $186M $166M $150M $118M
Treasury Stock 12-point trend, -98.7% $192.0K $107.0K $97M $97M $82M $82M $77M $52M $52M $50M $50M $15M
AOCI 4-point trend, +32.4% · · · · · · · · $4M $3M $2M $3M
Stockholders' Equity 12-point trend, +294.0% $540M $647M $532M $447M $302M $240M $205M $209M $169M $148M $131M $137M
Liabilities + Equity 12-point trend, +235.0% $1.77B $1.79B $1.25B $1.20B $1.14B $1.06B $995M $843M $611M $570M $503M $529M
Shares Outstanding 12-point trend, -12.2% 26,330,058 26,317,326 26,284,223 26,277,549 26,919,455 26,912,580 27,282,230 28,378,827 28,382,392 28,430,394 28,398,900 29,997,784
Cash Flow 15
Annual Cash Flow data for ULH
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +342.5% $146M $124M $77M $77M $68M $74M $75M $54M $47M $37M $35M $33M
Stock-based Comp 12-point trend, -69.2% $457.0K $779.0K $262.0K $222.0K $162.0K $195.0K $73.0K $413.0K $414.0K $571.0K $494.0K $1M
Deferred Tax 12-point trend, -1931.9% $-27M $30M $10M $8M $-3M $-3M $7M $6M $-19M $7M $542.0K $1M
Amort. of Intangibles 12-point trend, +68.7% $17M $22M $13M $14M $14M $15M $16M $6M $6M $8M $9M $10M
Operating Cash Flow 12-point trend, +130.6% $183M $112M $210M $213M $83M $99M $128M $95M $84M $69M $78M $79M
CapEx 12-point trend, +275.0% $224M $252M $241M $117M $39M $91M $80M $67M $63M $97M $26M $60M
Investing Cash Flow 10-point trend, -116.3% $-203M $-463M $-237M $-104M $-33M $-87M $-143M $-229M $-61M $-94M · ·
Stock Repurchased 12-point trend, -98.5% $85.0K $107.0K $134.0K $14M $0 $5M $25M $930.0K $1M $26.0K $35M $6M
Net Stock Activity 11-point trend, +98.5% $-85.0K $-107.0K $-134.0K $-14M · $-5M $-25M $-930.0K $-1M $-26.0K $-35M $-6M
Dividends Paid 12-point trend, +31.5% $11M $11M $11M $14M $11M $6M $15M $11M $8M $8M $8M $8M
Financing Cash Flow 10-point trend, +84.8% $26M $365M $-9M $-78M $-45M $-9M $17M $139M $-23M $14M · ·
Net Change in Cash 12-point trend, +437.3% $7M $7M $-35M $33M $5M $1M $2M $4M $-83.0K $-11M $5M $-2M
Taxes Paid 3-point trend, -19.5% $20M $19M $25M · · · · · · · · ·
Free Cash Flow 12-point trend, -309.8% $-41M $-139M $-30M $96M $44M $9M $48M $28M $20M $-29M $52M $20M
Levered FCF 12-point trend, -721.2% $-90M $-165M $-48M $84M $36M $-2M $35M $17M $5M $-34M $46M $15M
Profitability 7
Annual Profitability data for ULH
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 12-point trend, -160.9% -4.1% 11.0% 8.8% 11.9% 5.9% 5.8% 4.3% 5.7% 2.1% 4.3% 6.5% 6.8%
Net Margin 12-point trend, -268.2% -6.4% 7.0% 5.6% 8.4% 4.2% 3.5% 2.5% 3.6% 2.3% 2.3% 3.5% 3.8%
Pretax Margin 12-point trend, -204.7% -6.4% 9.4% 7.5% 11.2% 5.6% 4.6% 3.3% 4.8% 1.4% 3.7% 5.8% 6.1%
EBITDA Margin 12-point trend, -160.9% -4.1% 11.0% 8.8% 11.9% 5.9% 5.8% 4.3% 5.7% 2.1% 4.3% 6.5% 6.8%
ROA 12-point trend, -165.2% -5.6% 8.6% 7.6% 14.4% 6.7% 4.5% 3.9% 6.5% 4.6% 4.3% 7.7% 8.6%
ROE 12-point trend, -144.8% -16.7% 20.3% 17.8% 39.1% 25.0% 20.6% 18.6% 25.2% 17.8% 17.4% 29.8% 37.4%
ROIC 12-point trend, -135.6% -4.8% 10.8% 11.9% 21.8% 10.6% 8.6% 7.4% 10.3% 9.9% 7.0% 12.3% 13.5%
Liquidity & Solvency 5
Annual Liquidity & Solvency data for ULH
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 12-point trend, -36.5% 1.2 1.3 1.4 1.6 1.3 1.2 1.1 1.2 1.1 1.4 1.4 1.9
Quick Ratio 12-point trend, -40.4% 0.9 1.0 1.2 1.4 1.1 1.0 0.9 1.0 0.9 1.1 1.1 1.5
Debt / Equity 12-point trend, -14.0% 1.5 1.2 0.7 0.8 1.4 1.9 2.2 1.9 1.5 1.8 1.8 1.7
LT Debt / Equity 12-point trend, -23.2% 1.3 1.0 0.6 0.7 1.2 1.7 1.9 1.7 1.2 1.5 1.3 1.6
Interest Coverage 12-point trend, -113.4% -1.3 5.9 6.0 14.8 8.8 5.5 3.8 5.7 2.6 5.6 7.9 9.8
Efficiency 2
Annual Efficiency data for ULH
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 12-point trend, -61.3% 0.9 1.2 1.4 1.7 1.6 1.3 1.6 1.8 2.0 1.9 2.2 2.3
Receivables Turnover 12-point trend, -33.3% 5.6 6.3 5.2 5.8 5.8 5.9 7.1 7.6 7.7 7.5 7.7 8.4
Per Share 7
Annual Per Share data for ULH
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 12-point trend, +348.8% $20.52 $24.59 $20.25 $17.01 $11.23 $8.90 $7.52 $7.38 $5.95 $5.20 $4.62 $4.57
Revenue / Share 12-point trend, +49.2% $59.17 $70.06 $63.18 $76.09 $65.02 $51.52 $53.87 $51.49 $42.80 $37.76 $38.61 $39.66
Cash Flow / Share 12-point trend, +163.0% $6.95 $4.26 $7.99 $8.06 $3.09 $3.68 $4.56 $3.34 $2.95 $2.42 $2.68 $2.64
Cash / Share 12-point trend, +282.3% $1.02 $0.74 $0.48 $1.80 $0.52 $0.33 $0.28 $0.20 $0.06 $0.06 $0.46 $0.27
Dividend / Share 12-point trend, +50.0% $0 $0 $0 $0 $0 $0 $0 $1 $0 $0 $0 $0
Dividend Paid / Share 12-point trend, +50.0% $0 $0 $0 $0 $0 $0 $1 $0 $0 $0 $0 $0
EPS (TTM) 12-point trend, -351.0% $-3.79 $4.93 $3.53 $6.37 $2.74 $1.78 $1.34 $1.84 $0.99 $0.85 $1.37 $1.51
Growth Rates 8
Annual Growth Rates data for ULH
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -160.2% -15.6% 11.1% -17.5% 15.1% 25.9% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -234.5% -8.2% 1.8% 6.1% · · · · · · · · ·
Revenue CAGR 5Y 2.3% · · · · · · · · · · ·
EPS YoY 4-point trend, -26.5% · 39.7% -44.6% 132.5% 53.9% · · · · · · ·
EPS CAGR 3Y 2-point trend, -15.6% · 21.6% 25.6% · · · · · · · · ·
Net Income YoY 4-point trend, -25.1% · 39.8% -44.9% 128.7% 53.2% · · · · · · ·
Net Income CAGR 3Y 2-point trend, -15.2% · 20.8% 24.5% · · · · · · · · ·
Dividend CAGR 5Y 14.1% · · · · · · · · · · ·
Valuation (TTM) 17
Annual Valuation (TTM) data for ULH
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +30.8% $1.56B $1.85B $1.66B $2.02B $1.75B $1.39B $1.51B $1.46B $1.22B $1.07B $1.13B $1.19B
Net Income TTM 12-point trend, -320.1% $-100M $130M $93M $169M $74M $48M $38M $52M $28M $24M $40M $45M
Market Cap 12-point trend, -53.2% $400M $1.21B $736M $879M $508M $554M $517M $513M $674M $465M $399M $855M
Enterprise Value 12-point trend, +9.6% $1.17B $1.95B $1.11B $1.21B $921M $1.01B $967M $908M $905M $710M $607M $1.07B
P/E 12-point trend, -121.2% -4.0 9.3 7.9 5.2 6.9 11.6 14.1 9.8 24.0 19.2 10.2 18.9
P/S 12-point trend, -64.3% 0.3 0.7 0.4 0.4 0.3 0.4 0.3 0.4 0.6 0.4 0.4 0.7
P/B 12-point trend, -88.1% 0.7 1.9 1.4 2.0 1.7 2.3 2.5 2.5 4.0 3.1 3.0 6.2
P / Tangible Book 5-point trend, -89.6% 1.2 4.2 2.5 4.3 11.8 · · · · · · ·
P / Cash Flow 12-point trend, -79.7% 2.2 10.8 3.5 4.1 6.1 5.6 4.0 5.4 8.0 6.8 5.1 10.8
P / FCF 12-point trend, -122.3% -9.7 -8.7 -24.3 9.1 11.4 64.2 10.7 18.1 32.9 -16.2 7.7 43.6
EV / EBITDA 12-point trend, -237.7% -18.2 9.6 7.6 5.0 8.9 12.5 14.8 10.8 35.9 15.2 8.3 13.2
EV / FCF 12-point trend, -152.2% -28.5 -14.0 -36.5 12.6 20.7 116.6 20.0 32.1 44.2 -24.7 11.7 54.5
EV / Revenue 12-point trend, -16.2% 0.8 1.1 0.7 0.6 0.5 0.7 0.6 0.6 0.7 0.7 0.5 0.9
Dividend Yield 12-point trend, +181.6% 2.8% 0.91% 1.5% 1.6% 2.2% 1.0% 2.9% 2.1% 1.2% 1.7% 2.1% 0.98%
Earnings Yield 12-point trend, -570.8% -24.9% 10.7% 12.6% 19.1% 14.5% 8.6% 7.1% 10.2% 4.2% 5.2% 9.8% 5.3%
Payout Ratio 12-point trend, -159.7% -11.1% 8.5% 11.9% 8.3% 15.3% 11.9% 40.0% 20.9% 28.3% 32.8% 20.4% 18.5%
Annual Payout 12-point trend, +31.5% $11M $11M $11M $14M $11M $6M $15M $11M $8M $8M $8M $8M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $1.56B$1.85B$1.66B$2.02B$1.75B
Operating Margin % -4.1%11.0%8.8%11.9%5.9%
Net Income $-100M$130M$93M$169M$74M
Diluted EPS $-3.79$4.93$3.53$6.37$2.74
Balance Sheet
2025-12-312024-12-312023-12-312022-12-312021-12-31
Debt / Equity 1.51.20.70.81.4
Current Ratio 1.21.31.41.61.3
Quick Ratio 0.91.01.21.41.1
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $-41M$-139M$-30M$96M$44M

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Institutional owners (13F) 78 filers · $81.8M total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
13 (-2 vs prior Q) 8 (-2 vs prior Q) 24 (+3 vs prior Q) 22 (+3 vs prior Q) -49K

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
FMR LLC $38,703,880 2,615,127 47.30% Shares
DIMENSIONAL FUND ADVISORS LP $11,216,609 757,879 13.71% Shares
VANGUARD GROUP INC $5,292,895 348,446 6.47% Shares
AMERICAN CENTURY COMPANIES INC $4,479,531 302,671 5.47% Shares
VANGUARD CAPITAL MANAGEMENT LLC $4,167,946 281,618 5.09% Shares
GEODE CAPITAL MANAGEMENT, LLC $2,769,488 187,077 3.38% Shares
Bank of New York Mellon Corp $2,605,584 176,053 3.18% Shares
BRIDGEWAY CAPITAL MANAGEMENT, LLC $2,178,471 147,194 2.66% Shares
STATE STREET CORP $2,140,846 143,647 2.62% Shares
Empowered Funds, LLC $1,422,502 96,115 1.74% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $780,700 52,750 0.95% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $709,912 47,967 0.87% Shares
VANGUARD FIDUCIARY TRUST CO $671,713 45,386 0.82% Shares
Quantinno Capital Management LP $642,157 43,389 0.78% Shares
Pacific Ridge Capital Partners, LLC $499,796 33,770 0.61% Shares
GOLDMAN SACHS GROUP INC $352,891 23,844 0.43% Shares
STRS OHIO $288,600 19,500 0.35% Shares
MILLENNIUM MANAGEMENT LLC $283,716 19,170 0.35% Shares
D. E. Shaw & Co., Inc. $275,532 18,617 0.34% Shares
ALLIANCEBERNSTEIN L.P. $266,787 12,620 0.33% Shares
EntryPoint Capital, LLC $182,218 12,312 0.22% Shares
UBS Group AG $177,289 11,979 0.22% Shares
Quadrature Capital Ltd $162,830 11,002 0.20% Shares
Metis Global Partners, LLC $160,876 10,870 0.20% Shares
MORGAN STANLEY $147,275 9,951 0.18% Shares
BNP PARIBAS FINANCIAL MARKETS $146,017 9,866 0.18% Shares
Federation des caisses Desjardins du Quebec $144,004 9,730 0.18% Shares
AlphaQuest LLC $142,801 9,401 0.17% Shares
RHUMBLINE ADVISERS $124,433 8,408 0.15% Shares
WELLS FARGO & COMPANY/MN $88,830 6,002 0.11% Shares
DEUTSCHE BANK AG\ $75,140 5,077 0.09% Shares
Nuveen, LLC $58,371 3,944 0.07% Shares
Russell Investments Group, Ltd. $55,914 3,778 0.07% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $48,648 3,287 0.06% Shares
NEW YORK STATE COMMON RETIREMENT FUND $45,244 3,057 0.06% Shares
JPMORGAN CHASE & CO $44,313 2,972 0.05% Shares
Invesco Ltd. $42,150 2,848 0.05% Shares
Vanguard Global Advisers, LLC $38,006 2,568 0.05% Shares
BlackRock, Inc. $35,920 2,427 0.04% Shares
Police & Firemen's Retirement System of New Jersey $27,291 1,844 0.03% Shares
Tower Research Capital LLC (TRC) $22,866 1,545 0.03% Shares
BARCLAYS PLC $14,445 976 0.02% Shares
NORTHERN TRUST CORP $14,371 971 0.02% Shares
Nuveen Asset Management, LLC $11,026 240 0.01% Shares
CITIGROUP INC $9,087 614 0.01% Shares
Legal & General Group Plc $8,702 588 0.01% Shares
GAMMA Investing LLC $7,622 515 0.01% Shares
Ameritas Investment Partners, Inc. $7,030 475 0.01% Shares
Arax Advisory Partners $5,935 401 0.01% Shares
CWM, LLC $4,735 224 0.01% Shares
Versant Capital Management, Inc $3,463 234 0.00% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $3,234 153 0.00% Shares
ROYAL BANK OF CANADA $3,000 216 0.00% Shares
Allworth Financial LP $2,339 158 0.00% Shares
Sterling Capital Management LLC $1,865 126 0.00% Shares
AQR CAPITAL MANAGEMENT LLC $1,569 106 0.00% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $1,406 95 0.00% Shares
Physician Wealth Advisors, Inc. $1,007 68 0.00% Shares
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ $962 65 0.00% Shares
SIGNATUREFD, LLC $533 36 0.00% Shares
Integrated Wealth Concepts LLC $415 28 0.00% Shares
SJS Investment Consulting Inc. $400 27 0.00% Shares
PNC Financial Services Group, Inc. $311 21 0.00% Shares
Jump Financial, LLC $311 21 0.00% Shares
Global Retirement Partners, LLC $192 13 0.00% Shares
Farther Finance Advisors, LLC $90 6 0.00% Shares
Clearstead Advisors, LLC $60 4 0.00% Shares
ROTHSCHILD INVESTMENT LLC $59 4 0.00% Shares
Caitong International Asset Management Co., Ltd $59 4 0.00% Shares
Essential Partners LLC $59 4 0.00% Shares
SBI Securities Co., Ltd. $44 3 0.00% Shares
Optiver Holding B.V. $30 2 0.00% Shares
State of Alaska, Department of Revenue $20 1,353 0.00% Shares
EverSource Wealth Advisors, LLC $15 1 0.00% Shares
HUNTINGTON NATIONAL BANK $15 1 0.00% Shares
True Wealth Design, LLC $15 1 0.00% Shares
HARBOR CAPITAL ADVISORS, INC. $8 569 0.00% Shares
Covestor Ltd $0 19 0.00% Shares

Company insiders 18 insiders · 5 officers · 14 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Timothy Phillips Chief Executive Officer Feb. 4, 2026 A 104,491 0 0 $0
Jeff Rogers Chief Executive Officer Feb. 20, 2019 A 53,000 0 0 $0
Donald B Cochran Chief Executive Officer Oct. 28, 2008 P 100 0 0 $0
Jude Marcus Beres Chief Financial Officer Feb. 4, 2026 A 43,585 0 0 $0
David A. Crittenden Chief Financial Officer Dec. 23, 2015 A 14,135 0 0 $0
Grant Edward Belanger Director May 8, 2026 A 2,644 0 0 $0
Matthew J. Moroun Director May 5, 2025 A 2,235 0 0 $0
Michael A. Regan Director May 5, 2025 A 970 0 0 $0
Richard P Urban Director May 5, 2025 A 12,013 0 0 $0
Matthew T. Moroun Director May 5, 2025 A 2,235 0 0 $0
H.E. Wolfe Director Aug. 11, 2023 D 10,000 0 0 $0
Marcus D. Hudson Director May 8, 2023 A 324 0 0 $0
Frederick P. Calderone Director May 8, 2023 A 590 0 0 $0
Manuel J Moroun Director Sept. 16, 2019 D 3,427,557 0 0 $0
Daniel C Sullivan Director Feb. 27, 2013 P 2,000 0 0 $0
Joseph J Casaroll Director Nov. 28, 2012 P 500 0 0 $0
Nora M. Moroun 10% owner Dec. 20, 2021 S 0 0 0 $0
MJ Moroun 2012 Annuity Trust, dated April 30, 2012 10% owner May 20, 2014 J 0 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 2 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Matthew T. Moroun, 2020 Irrevocable Nora M. Moroun Trust, dated November 20, 2020, 2020 Irrevocable Lindsay S. Moroun Trust, dated November 24, 2020, Swiftsure Irrevocable Trust Under Agreement dated December 26, 2012, as decanted November 28, 2020, Frederick P. Calderone ×11 filings Aug. 3, 2023 Initial filing SEC
Matthew T. Moroun (2), Matthew T. Moroun, as Trustee of the MJ Moroun 2012 Annuity Trust, dated April 30, 2012 (2), Manuel J. Moroun, as Trustee of the Manuel J. Moroun Revocable Trust U/A, dated March 24, 1977, as amended and restated on December 22, 2004 (2) Sept. 17, 2012 Initial filing SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 31 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
EBIT · Harbor ETF Trust 0.12% 549 NS April 30, 2026 N-PORT
IWC · iShares Trust 0.03% 24,372 SH Aug. 21, 2026 Daily
AVUV · AMERICAN CENTURY ETF TRUST 0.02% 268,030 NS May 31, 2026 N-PORT
DFAS · Dimensional ETF Trust 0.01% 69,905 NS April 30, 2026 N-PORT
DFAT · Dimensional ETF Trust 0.01% 67,020 NS April 30, 2026 N-PORT
DFSV · Dimensional ETF Trust 0.01% 34,995 NS April 30, 2026 N-PORT
VTWV · VANGUARD SCOTTSDALE FUNDS 0.01% 6,418 SH Aug. 19, 2026 Daily
IWN · iShares Trust 0.01% 61,537 SH Aug. 21, 2026 Daily
AVSC · AMERICAN CENTURY ETF TRUST 0.01% 12,586 NS May 31, 2026 N-PORT
PRFZ · Invesco Exchange-Traded Fund Trust 0.01% 7,677 SH Aug. 21, 2026 Daily
RSSL · Global X Funds 0.01% 3,080 NS April 30, 2026 N-PORT
IWM · iShares Trust 0.00% 177,154 SH Aug. 21, 2026 Daily
ONEQ · Fidelity Commonwealth Trust 0.00% 20,159 NS May 31, 2026 N-PORT
ITWO · ProShares Trust 0.00% 318 NS May 31, 2026 N-PORT
SCHA · SCHWAB STRATEGIC TRUST 0.00% 34,837 NS May 31, 2026 N-PORT
UWM · ProShares Trust 0.00% 249 NS May 31, 2026 N-PORT
RB · ProShares Trust 0.00% 1 NS May 31, 2026 N-PORT
URTY · ProShares Trust 0.00% 251 NS May 31, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.00% 18,892 NS April 30, 2026 N-PORT
MSSM · MORGAN STANLEY PATHWAY FUNDS 0.00% 247 NS May 31, 2026 N-PORT
AVUS · AMERICAN CENTURY ETF TRUST 0.00% 3,850 NS May 31, 2026 N-PORT
DCOR · Dimensional ETF Trust 0.00% 559 NS April 30, 2026 N-PORT
IWV · iShares Trust 0.00% 3,590 SH Aug. 21, 2026 Daily
HDG · ProShares Trust 0.00% 6 NS May 31, 2026 N-PORT
DFUS · Dimensional ETF Trust 0.00% 961 NS April 30, 2026 N-PORT
SCHB · SCHWAB STRATEGIC TRUST 0.00% 3,740 NS May 31, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS 0.00% 75,107 SH Aug. 19, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.00% 198,903 SH Aug. 19, 2026 Daily
VTWO · VANGUARD SCOTTSDALE FUNDS 0.00% 40,898 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.00% 651 SH Aug. 19, 2026 Daily
EBI · RBB Fund Trust 0.00% 2 NS May 31, 2026 N-PORT