Wolfe Research Begins Coverage on U-Haul (NASDAQ:UHAL)

Research analysts at Wolfe Research began coverage on shares of U-Haul (NASDAQ:UHAL) in a research note issued on Monday. The brokerage set a “peer perform” rating on the transportation company’s stock.

U-Haul Trading Down 0.8%

Shares of UHAL stock traded down $0.53 during mid-day trading on Monday, reaching $65.22. The stock had a trading volume of 9,853 shares, compared to its average volume of 97,194. The firm has a market capitalization of $12.79 billion, a PE ratio of 30.18 and a beta of 1.27. The stock’s 50-day moving average price is $62.85 and its two-hundred day moving average price is $68.30. The company has a current ratio of 2.03, a quick ratio of 1.83 and a debt-to-equity ratio of 0.89. U-Haul has a 52-week low of $56.28 and a 52-week high of $79.04.

Insiders Place Their Bets

In other U-Haul news, Director John P. Brogan sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $67.04, for a total transaction of $201,120.00. Following the transaction, the director now owns 40,987 shares in the company, valued at approximately $2,747,768.48. This represents a 6.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Mark V. Shoen sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $65.03, for a total value of $812,875.00. Following the completion of the transaction, the insider now owns 654,711 shares of the company’s stock, valued at approximately $42,575,856.33. The trade was a 1.87% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,000 shares of company stock worth $1,837,245. 50.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On U-Haul

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new stake in shares of U-Haul in the 1st quarter worth about $105,000. Aster Capital Management DIFC Ltd boosted its stake in U-Haul by 5.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,990 shares of the transportation company’s stock worth $207,000 after acquiring an additional 142 shares in the last quarter. Optas LLC bought a new stake in U-Haul during the fourth quarter worth about $219,000. Versor Investments LP purchased a new stake in U-Haul in the fourth quarter worth about $221,000. Finally, Legacy Capital Group California Inc. increased its stake in shares of U-Haul by 7.5% during the fourth quarter. Legacy Capital Group California Inc. now owns 3,383 shares of the transportation company’s stock valued at $234,000 after purchasing an additional 237 shares in the last quarter. Hedge funds and other institutional investors own 3.63% of the company’s stock.

U-Haul Company Profile

U-Haul Holding Co engages in the insurance and moving and storage businesses. It operates through the following business segments: Moving and Storage, Property and Casualty Insurance, and Life Insurance. The Moving and Storage segment includes the rental of trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces.