U-Haul (NYSE:UHAL) Sets New 12-Month High – Still a Buy?

Shares of U-Haul Holding Company (NYSE:UHAL) hit a new 52-week high on Tuesday . The company traded as high as $74.13 and last traded at $73.8180, with a volume of 135178 shares. The stock had previously closed at $71.65.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Citizens Jmp assumed coverage on U-Haul in a report on Wednesday, July 15th. They issued a “mkt outperform” rating and a $90.00 price target for the company. Citigroup started coverage on shares of U-Haul in a research note on Wednesday, July 15th. They set an “outperform” rating on the stock. Wall Street Zen cut U-Haul from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Finally, Weiss Ratings raised U-Haul from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, U-Haul has an average rating of “Moderate Buy” and an average target price of $85.00.

U-Haul Trading Up 1.4%

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 business has a 50 day moving average price of $65.80 and a 200-day moving average price of $56.12. The firm has a market capitalization of $14.73 billion, a PE ratio of 313.08 and a beta of 1.10.

U-Haul (NYSE:UHAL) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.27). The business had revenue of $1.68 billion during the quarter. U-Haul had a net margin of 1.38% and a return on equity of 1.06%. Analysts expect that U-Haul Holding Company will post 1.32 earnings per share for the current year.

Hedge Funds Weigh In On U-Haul

Several institutional investors and hedge funds have recently modified their holdings of UHAL. Deltroit Asset Management UK LLP purchased a new stake in U-Haul in the 4th quarter valued at about $5,182,000. Two Sigma Investments LP lifted its holdings in shares of U-Haul by 64.3% during the 3rd quarter. Two Sigma Investments LP now owns 174,120 shares of the company’s stock worth $9,937,000 after acquiring an additional 68,150 shares during the period. ArrowMark Colorado Holdings LLC boosted its position in shares of U-Haul by 38.0% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 217,800 shares of the company’s stock worth $10,979,000 after acquiring an additional 60,000 shares during the last quarter. Tudor Investment Corp ET AL grew its holdings in U-Haul by 167.3% in the third 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. Finally, Trexquant Investment LP increased its holdings in shares of U-Haul by 219.7% during the 4th quarter. Trexquant Investment LP now owns 60,536 shares of the company’s stock worth $3,052,000 after buying an additional 41,599 shares during the last quarter. Hedge funds and other institutional investors 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.