U-Haul (NYSE:UHAL) Hits New 52-Week Low – Here’s Why

U-Haul Holding Company (NYSE:UHAL)’s stock price hit a new 52-week low on Wednesday . The company traded as low as $45.15 and last traded at $45.0110, with a volume of 8287 shares. The stock had previously closed at $45.55.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of U-Haul in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, U-Haul presently has a consensus rating of “Hold” and a consensus target price of $80.00.

U-Haul Price Performance

The stock has a 50 day moving average of $52.15 and a two-hundred day moving average of $53.43. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.04 and a current ratio of 2.26. The stock has a market cap of $8.41 billion, a PE ratio of 89.32 and a beta of 1.12.

U-Haul (NYSE:UHAL) last posted its quarterly earnings data on Wednesday, February 4th. The company reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.01. U-Haul had a net margin of 2.14% and a return on equity of 1.64%. The company had revenue of $1.42 billion during the quarter.

Hedge Funds Weigh In On U-Haul

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Wyoming purchased a new position in U-Haul during the 3rd quarter worth approximately $173,000. Brevan Howard Capital Management LP purchased a new stake in shares of U-Haul in the third quarter valued at $218,000. Inscription Capital LLC acquired a new stake in shares of U-Haul in the fourth quarter worth $223,000. FourThought Financial Partners LLC acquired a new stake in shares of U-Haul in the third quarter worth $227,000. Finally, Optas LLC purchased a new position in shares of U-Haul during the third quarter valued at $236,000. Institutional investors and hedge funds own 3.63% of the company’s stock.

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.