U-Haul (NYSE:UHAL) Hits New 52-Week High – Here’s What Happened

U-Haul Holding Company (NYSE:UHAL) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $73.06 and last traded at $72.9270, with a volume of 33223 shares traded. The stock had previously closed at $71.43.

Analyst Ratings Changes

Several research firms have recently commented on UHAL. Wall Street Zen downgraded shares of U-Haul from a “hold” rating to a “sell” rating in a report on Saturday. Citizens Jmp started coverage on shares of U-Haul in a research report on Wednesday, July 15th. They set a “mkt outperform” rating and a $90.00 target price for the company. Citigroup initiated coverage on shares of U-Haul in a report on Wednesday, July 15th. They issued an “outperform” rating on the stock. Finally, Weiss Ratings raised shares of U-Haul from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, U-Haul currently has an average rating of “Moderate Buy” and an average price target of $85.00.

U-Haul Stock Up 1.9%

The stock has a market cap of $14.27 billion, a price-to-earnings ratio of 303.02 and a beta of 1.11. The business’s 50 day moving average is $62.33 and its 200-day moving average is $55.14. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.73 and a current ratio of 1.94.

U-Haul (NYSE:UHAL) last posted its quarterly earnings data on Wednesday, May 27th. The company reported ($0.70) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.02. The company had revenue of $1.27 billion during the quarter. U-Haul had a net margin of 1.38% and a return on equity of 1.06%. On average, sell-side analysts predict that U-Haul Holding Company will post 1.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. CX Institutional acquired a new stake in U-Haul in the 2nd quarter worth about $56,000. Maverick Capital Ltd. acquired a new position in shares of U-Haul during the first quarter valued at approximately $651,000. Caxton Associates LLP purchased a new position in shares of U-Haul in the first quarter valued at approximately $496,000. Inceptionr LLC purchased a new position in shares of U-Haul in the first quarter valued at approximately $709,000. Finally, State of Wyoming boosted its stake in shares of U-Haul by 215.2% in the first quarter. State of Wyoming now owns 7,860 shares of the company’s stock worth $376,000 after acquiring an additional 5,366 shares during the last quarter. Institutional investors and hedge funds own 3.63% of the company’s stock.

U-Haul Company Profile

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.