U-Haul Holding Company (NYSE:UHAL – Get Free Report) traded up 1.2% during trading on Thursday. The company traded as high as $61.10 and last traded at $60.8880. Approximately 192,785 shares were traded during mid-day trading, an increase of 42% from the average session volume of 135,383 shares. The stock had previously closed at $60.17.
Analyst Upgrades and Downgrades
UHAL has been the subject of several recent analyst reports. 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. Citigroup began coverage on shares of U-Haul in a report on Wednesday, July 15th. They issued an “outperform” rating on the stock. Wall Street Zen upgraded shares of U-Haul from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Citizens Jmp started coverage on shares of U-Haul in a research report on Wednesday, July 15th. They issued a “mkt outperform” rating and a $90.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, U-Haul has a consensus rating of “Moderate Buy” and an average target price of $85.00.
Read Our Latest Stock Analysis on U-Haul
U-Haul Price Performance
U-Haul (NYSE:UHAL – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.58 earnings per share (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 company had revenue of $1.68 billion for the quarter. Research analysts expect that U-Haul Holding Company will post 1.09 earnings per share for the current year.
Hedge Funds Weigh In On U-Haul
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Deltroit Asset Management UK LLP acquired a new stake in shares of U-Haul during the fourth quarter valued at about $5,182,000. Virtu Financial LLC grew its holdings in shares of U-Haul by 127.8% during the fourth quarter. Virtu Financial LLC now owns 34,159 shares of the company’s stock worth $1,722,000 after purchasing an additional 19,165 shares during the last quarter. Inceptionr LLC acquired a new position in shares of U-Haul in the first quarter valued at approximately $709,000. Maverick Capital Ltd. acquired a new position in shares of U-Haul in the first quarter valued at approximately $651,000. Finally, Caxton Associates LLP bought a new position in U-Haul in the 1st quarter valued at approximately $496,000. Institutional investors and hedge funds own 3.63% of the company’s stock.
U-Haul Company Profile
U-Haul Holding Company, formerly known as AMERCO, is the parent company of U-Haul, a provider of do-it-yourself moving and storage services. The company rents trucks, trailers, towing equipment and moving supplies to residential and commercial customers, with equipment available through company-operated locations and a network of independent dealers.
U-Haul also offers self-storage, portable storage through its U-Box service, moving labor and related services. Its operations are primarily focused on the United States and Canada, supporting customers who are moving locally or across long distances.
Leonard Shoen founded U-Haul in 1945.
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