U-Haul (NYSE:UHAL) Stock Falls 2.1% – Time to Sell?

U-Haul Holding Company (NYSE:UHAL) shares fell 2.1% on Friday. The stock traded as low as $55.33 and last traded at $55.61. 113,969 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 143,033 shares. The stock had previously closed at $56.80.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on UHAL shares. Wall Street Zen raised shares of U-Haul from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Citigroup assumed coverage on shares of U-Haul in a research report on Wednesday, July 15th. They issued an “outperform” rating for the company. Citizens Jmp initiated coverage on U-Haul in a research note on Wednesday, July 15th. They set a “mkt outperform” rating and a $90.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of U-Haul in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, U-Haul has a consensus rating of “Moderate Buy” and an average target price of $85.00.

U-Haul Trading Down 2.1%

The firm has a market cap of $10.81 billion, a P/E ratio of 397.24 and a beta of 1.10. The business’s 50-day moving average is $63.17 and its two-hundred day moving average is $61.65. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.77 and a quick ratio of 1.57.

U-Haul (NYSE:UHAL) last issued 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 net margin of 1.05% and a return on equity of 0.81%. The business had revenue of $1.68 billion during the quarter. As a group, analysts predict that U-Haul Holding Company will post 1.09 earnings per share for the current fiscal year.

Institutional Trading of U-Haul

A number of hedge funds and other institutional investors have recently modified their holdings of UHAL. Inceptionr LLC bought a new stake in shares of U-Haul in the 1st quarter valued at about $709,000. Maverick Capital Ltd. bought a new position in U-Haul during the first quarter worth about $651,000. Caxton Associates LLP bought a new position in U-Haul during the first quarter worth about $496,000. GSA Capital Partners LLP bought a new position in U-Haul during the second quarter worth about $534,000. Finally, State of Wyoming increased its position in U-Haul by 215.2% during the first quarter. State of Wyoming now owns 7,860 shares of the company’s stock worth $376,000 after buying 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, 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.