U-Haul Holding Company (NYSE:UHAL – Get Free Report)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $67.19, but opened at $63.52. U-Haul shares last traded at $63.4840, with a volume of 864 shares trading hands.
Analyst Upgrades and Downgrades
Several research firms have issued reports on UHAL. Citizens Jmp started coverage on U-Haul in a report on Wednesday, July 15th. They set a “mkt outperform” rating and a $90.00 price objective on the stock. Wall Street Zen upgraded shares of U-Haul from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Citigroup assumed coverage on U-Haul in a research report on Wednesday, July 15th. They issued an “outperform” rating for the company. Finally, Weiss Ratings raised shares of U-Haul from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, U-Haul presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.
View Our Latest Report on UHAL
U-Haul Stock Performance
U-Haul (NYSE:UHAL – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.27). U-Haul had a return on equity of 0.81% and a net margin of 1.05%.The business had revenue of $1.68 billion for the quarter. Sell-side analysts anticipate that U-Haul Holding Company will post 1.32 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in UHAL. Inceptionr LLC bought a new stake in U-Haul during the first quarter worth approximately $709,000. Caxton Associates LLP acquired a new position in U-Haul during the first quarter valued at approximately $496,000. Maverick Capital Ltd. bought a new position in shares of U-Haul in the first quarter valued at approximately $651,000. Deltroit Asset Management UK LLP bought a new position in shares of U-Haul in the fourth quarter valued at approximately $5,182,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of U-Haul in the second quarter worth $534,000. Institutional investors and hedge funds own 3.63% of the company’s stock.
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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