U-Haul (NYSE:UHAL) Hits New 1-Year High – Here’s Why

Shares of U-Haul Holding Company (NYSE:UHALGet Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $65.77 and last traded at $65.8680, with a volume of 21065 shares. The stock had previously closed at $64.09.

Analysts Set New Price Targets

Several brokerages have recently commented on UHAL. Weiss Ratings restated a “sell (d)” rating on shares of U-Haul in a research report on Wednesday. Wall Street Zen raised U-Haul from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 30th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $80.00.

View Our Latest Stock Analysis on U-Haul

U-Haul Trading Up 1.2%

The company has a market cap of $13.10 billion, a PE ratio of 278.31 and a beta of 1.13. The stock’s 50 day moving average is $55.60 and its 200-day moving average is $52.77. The company has a quick ratio of 1.73, a current ratio of 1.94 and a debt-to-equity ratio of 1.04.

U-Haul (NYSE:UHALGet Free Report) last issued its quarterly earnings data on Wednesday, May 27th. The company reported ($0.70) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.02. U-Haul had a net margin of 1.38% and a return on equity of 1.06%. The business had revenue of $1.27 billion during the quarter. As a group, sell-side analysts anticipate that U-Haul Holding Company will post 1.32 EPS for the current year.

Institutional Investors Weigh In On U-Haul

Several large investors have recently added to or reduced their stakes in UHAL. ArrowMark Colorado Holdings LLC raised its position in U-Haul by 38.0% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 217,800 shares of the company’s stock valued at $10,979,000 after purchasing an additional 60,000 shares during the period. Two Sigma Investments LP lifted its holdings in shares of U-Haul by 64.3% in the 3rd quarter. Two Sigma Investments LP now owns 174,120 shares of the company’s stock worth $9,937,000 after acquiring an additional 68,150 shares during the last quarter. Old West Investment Management LLC lifted its stake in U-Haul by 0.4% in the fourth quarter. Old West Investment Management LLC now owns 153,350 shares of the company’s stock worth $7,730,000 after purchasing an additional 564 shares during the last quarter. Parkwood LLC lifted its holdings in U-Haul by 12.4% during the 3rd quarter. Parkwood LLC now owns 135,872 shares of the company’s stock valued at $7,754,000 after buying an additional 14,964 shares in the last quarter. Finally, Orvieto Partners L.P. boosted its holdings in shares of U-Haul by 8.7% in the fourth quarter. Orvieto Partners L.P. now owns 127,000 shares of the company’s stock valued at $6,402,000 after purchasing an additional 10,134 shares during the period. 3.63% of the stock is owned by institutional investors.

U-Haul Company Profile

(Get Free Report)

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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