Inceptionr LLC bought a new stake in U-Haul Holding Company (NYSE:UHAL – Free Report) in the 1st quarter, Holdings Channel.com reports. The fund bought 14,840 shares of the company’s stock, valued at approximately $709,000.
Other large investors have also recently added to or reduced their stakes in the company. Brevan Howard Capital Management LP purchased a new position in U-Haul during the third quarter worth about $218,000. Inscription Capital LLC purchased a new stake in U-Haul in the 4th quarter valued at about $223,000. Shay Capital LLC purchased a new stake in U-Haul in the 3rd quarter valued at about $257,000. Legacy Capital Group California Inc. increased its stake in shares of U-Haul by 4.4% during the 4th quarter. Legacy Capital Group California Inc. now owns 4,801 shares of the company’s stock valued at $242,000 after acquiring an additional 204 shares during the last quarter. Finally, Occudo Quantitative Strategies LP acquired a new position in shares of U-Haul during the 3rd quarter valued at about $349,000. 3.63% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. Citizens Jmp started coverage on shares of U-Haul in a report on Wednesday, July 15th. They set a “mkt outperform” rating and a $90.00 price objective on the stock. Weiss Ratings restated a “sell (d)” rating on shares of U-Haul in a report on Wednesday, June 24th. Citigroup started coverage on shares of U-Haul in a research report on Wednesday, July 15th. They set an “outperform” rating for the company. Finally, Wall Street Zen downgraded shares of U-Haul from a “hold” rating to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $85.00.
U-Haul Stock Performance
U-Haul stock opened at $71.51 on Friday. The stock’s 50-day moving average is $62.33 and its 200-day moving average is $55.13. The company has a market cap of $14.02 billion, a price-to-earnings ratio of 297.96 and a beta of 1.11. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.94 and a quick ratio of 1.73. U-Haul Holding Company has a 12 month low of $41.94 and a 12 month high of $72.95.
U-Haul (NYSE:UHAL – Get Free Report) last released its quarterly earnings data on Wednesday, May 27th. The company reported ($0.70) earnings per share for the quarter, beating the consensus estimate of ($0.72) by $0.02. U-Haul had a return on equity of 1.06% and a net margin of 1.38%.The business had revenue of $1.27 billion for the quarter. Equities analysts anticipate that U-Haul Holding Company will post 1.32 earnings per share for the current year.
U-Haul Company Profile
U-Haul (NYSE: UHAL) is a leading provider of do-it-yourself moving and storage solutions in North America. The company offers a comprehensive suite of products and services that includes the rental of trucks, trailers and towing equipment, as well as portable moving containers known as U-Box. In addition to vehicle rentals, U-Haul supplies customers with moving essentials such as boxes, packing materials and hitch installations, ensuring an integrated moving experience. The company also operates self-storage facilities under the U-Haul Storage brand, catering to both short-term and long-term needs.
Founded in 1945 by Leonard Shoen in Ridgefield, Washington, U-Haul has expanded its footprint through a mix of corporate-owned centers and independent dealer locations.
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