U-Haul (NYSE:UHAL – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $0.66 EPS for the quarter, FiscalAI reports. The company had revenue of $1.77 billion for the quarter. U-Haul had a net margin of 1.05% and a return on equity of 0.81%.
U-Haul Trading Up 2.8%
UHAL stock traded up $1.68 during trading on Wednesday, reaching $60.81. 194,011 shares of the stock were exchanged, compared to its average volume of 201,215. The company has a current ratio of 1.77, a quick ratio of 1.57 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $11.82 billion, a price-to-earnings ratio of 434.42 and a beta of 1.07. The business has a 50 day moving average price of $61.14 and a 200-day moving average price of $58.50. U-Haul has a 1 year low of $41.94 and a 1 year high of $76.45.
Analysts Set New Price Targets
Several brokerages have recently issued reports on UHAL. Wall Street Zen upgraded shares of U-Haul from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Citigroup started coverage on shares of U-Haul in a research report on Wednesday, July 15th. They set an “outperform” rating for the company. Citizens Jmp began coverage on U-Haul in a research note on Wednesday, July 15th. They set a “mkt outperform” rating and a $90.00 price objective for the company. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of U-Haul in a report on Thursday, October 22nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $90.00.
View Our Latest Stock Analysis on UHAL
Insider Buying and Selling at U-Haul
In other news, major shareholder Mark Shoen sold 23,000 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $52.51, for a total transaction of $1,207,730.00. Following the completion of the sale, the insider owned 287,196 shares in the company, valued at $15,080,661.96. This trade represents a 7.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 92,000 shares of company stock valued at $4,608,280. Corporate insiders own 43.80% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Engineers Gate Manager LP raised its holdings in U-Haul by 28.9% in the 2nd quarter. Engineers Gate Manager LP now owns 11,072 shares of the company’s stock valued at $725,000 after buying an additional 2,482 shares during the period. Inceptionr LLC purchased a new position in U-Haul during the first quarter worth about $709,000. Maverick Capital Ltd. purchased a new position in U-Haul during the first quarter worth about $651,000. GSA Capital Partners LLP purchased a new position in U-Haul during the second quarter worth about $534,000. Finally, Caxton Associates LLP acquired a new stake in shares of U-Haul during the first quarter valued at about $496,000. 3.63% of the stock is currently owned by institutional investors and hedge funds.
U-Haul Company Profile
U-Haul, operated by U-Haul Holding Company (NYSE: UHAL), provides do-it-yourself moving and storage services to residential and commercial customers. Its offerings include rental trucks, trailers, towing equipment, vehicle storage, moving supplies and related services.
The company also operates self-storage facilities and offers portable storage through its U-Box® containers. Customers can access moving labor, hitch installation and other transportation-related services through U-Haul’s network of company-operated and independent dealer locations.
Founded in 1945 by Leonard Shoen, U-Haul serves customers throughout the United States and Canada.
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