Wall Street Zen cut shares of U-Haul (NYSE:UHAL – Free Report) from a hold rating to a sell rating in a research note issued to investors on Saturday.
Several other equities research analysts have also recently weighed in on UHAL. Weiss Ratings restated a “sell (d)” rating on shares of U-Haul in a report on Wednesday, June 24th. Citizens Jmp assumed coverage on U-Haul in a research note on Wednesday, July 15th. They issued a “mkt outperform” rating and a $90.00 price target on the stock. Finally, Citigroup assumed coverage on U-Haul in a research report on Wednesday, July 15th. They issued an “outperform” rating for the company. One equities research 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $85.00.
Get Our Latest Stock Analysis on U-Haul
U-Haul Stock Performance
U-Haul (NYSE:UHAL – Get Free Report) last announced its quarterly earnings data on Wednesday, May 27th. The company reported ($0.70) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.02. The firm had revenue of $1.27 billion for the quarter. U-Haul had a return on equity of 1.06% and a net margin of 1.38%. Research analysts expect that U-Haul will post 1.32 EPS for the current year.
Institutional Investors Weigh In On U-Haul
Several institutional investors and hedge funds have recently modified their holdings of the stock. Legacy Capital Group California Inc. increased its position in shares of U-Haul by 4.4% during the fourth quarter. Legacy Capital Group California Inc. now owns 4,801 shares of the company’s stock valued at $242,000 after buying an additional 204 shares during the period. Old West Investment Management LLC lifted its holdings 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 buying an additional 564 shares during the period. CX Institutional purchased a new stake in U-Haul in the second quarter worth about $56,000. Clearbridge Investments LLC boosted its position in U-Haul by 28.8% during the 4th quarter. Clearbridge Investments LLC now owns 6,700 shares of the company’s stock valued at $338,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Brevan Howard Capital Management LP bought a new stake in U-Haul during the 3rd quarter valued at approximately $218,000. 3.63% of the stock is owned by hedge funds and other institutional investors.
About U-Haul
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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