U-Haul (NYSE:UHAL) Hits New 1-Year High – What’s Next?

U-Haul Holding Company (NYSE:UHAL)’s share price reached 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.

Analyst Upgrades and Downgrades

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

U-Haul Stock Up 1.7%

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

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

Institutional Investors Weigh In On U-Haul

A number of institutional investors have recently modified their holdings of the company. Maverick Capital Ltd. bought a new position in U-Haul during the first quarter worth $651,000. Caxton Associates LLP bought a new stake in U-Haul during the first quarter valued at $496,000. Inceptionr LLC acquired a new stake in U-Haul during the 1st quarter worth about $709,000. State of Wyoming grew its holdings in U-Haul by 215.2% during the 1st 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 period. Finally, Virtu Financial LLC raised its position in shares of U-Haul by 127.8% in the 4th quarter. Virtu Financial LLC now owns 34,159 shares of the company’s stock worth $1,722,000 after acquiring an additional 19,165 shares in the last quarter. 3.63% of the stock is owned by institutional investors.

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.