U-Haul (NYSE:UHAL) Hits New 12-Month High – Time to Buy?

U-Haul Holding Company (NYSE:UHAL)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $65.77 and last traded at $65.8680, with a volume of 21065 shares trading hands. The stock had previously closed at $64.09.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on UHAL shares. Wall Street Zen upgraded U-Haul from a “strong sell” rating to a “sell” rating in a report on Saturday, May 30th. Weiss Ratings restated a “sell (d)” rating on shares of U-Haul in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, U-Haul presently has an average rating of “Moderate Buy” and an average price target of $80.00.

U-Haul Stock Up 1.7%

The company has a current ratio of 1.94, a quick ratio of 1.73 and a debt-to-equity ratio of 1.04. The stock’s 50-day moving average price is $55.01 and its 200-day moving average price is $52.58. The company has a market cap of $12.78 billion, a P/E ratio of 271.75 and a beta of 1.13.

U-Haul (NYSE:UHAL) last issued its earnings results on Wednesday, May 27th. The company reported ($0.70) EPS for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.02. U-Haul had a return on equity of 1.06% and a net margin of 1.38%.The business had revenue of $1.27 billion during the quarter.

Hedge Funds Weigh In On U-Haul

A number of institutional investors have recently modified their holdings of UHAL. Tudor Investment Corp ET AL grew its position in U-Haul by 167.3% in the 3rd quarter. Tudor Investment Corp ET AL now owns 95,393 shares of the company’s stock valued at $5,444,000 after purchasing an additional 59,699 shares during the period. ArrowMark Colorado Holdings LLC raised its holdings in U-Haul by 108.2% during the third quarter. ArrowMark Colorado Holdings LLC now owns 157,800 shares of the company’s stock worth $9,006,000 after buying an additional 82,000 shares during the last quarter. Deltroit Asset Management UK LLP acquired a new position in U-Haul during the fourth quarter worth $5,182,000. Virtu Financial LLC lifted its stake in shares of U-Haul by 127.8% in the fourth quarter. Virtu Financial LLC now owns 34,159 shares of the company’s stock valued at $1,722,000 after buying an additional 19,165 shares in the last quarter. Finally, Optas LLC lifted its stake in shares of U-Haul by 100.4% in the fourth quarter. Optas LLC now owns 8,278 shares of the company’s stock valued at $417,000 after buying an additional 4,147 shares in the last quarter. 3.63% of the stock is owned by institutional investors and hedge funds.

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.