U-Haul (NYSE:UHAL) Sets New 1-Year High – Here’s Why

U-Haul Holding Company (NYSE:UHAL) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $68.48 and last traded at $67.8810, with a volume of 8568 shares traded. The stock had previously closed at $67.35.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wall Street Zen raised shares of U-Haul from a “sell” rating to a “hold” rating in a research note on Sunday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of U-Haul in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, U-Haul has an average rating of “Moderate Buy” and a consensus target price of $80.00.

U-Haul Stock Performance

The company has a quick ratio of 1.73, a current ratio of 1.94 and a debt-to-equity ratio of 1.04. The stock has a market cap of $13.29 billion, a price-to-earnings ratio of 282.58 and a beta of 1.11. The company has a 50 day simple moving average of $58.40 and a 200 day simple moving average of $53.77.

U-Haul (NYSE:UHAL) last posted its quarterly earnings results on Wednesday, May 27th. The company reported ($0.70) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.02. The company had revenue of $1.27 billion for the quarter. U-Haul had a net margin of 1.38% and a return on equity of 1.06%. As a group, equities research analysts forecast that U-Haul Holding Company will post 1.32 EPS for the current year.

Institutional Trading of U-Haul

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. CX Institutional acquired a new position in shares of U-Haul during the second quarter worth $56,000. Brevan Howard Capital Management LP bought a new position in shares of U-Haul in the 3rd quarter valued at $218,000. Inscription Capital LLC acquired a new stake in shares of U-Haul during the 4th quarter valued at $223,000. Legacy Capital Group California Inc. grew its position in U-Haul by 4.4% during the 4th quarter. Legacy Capital Group California Inc. now owns 4,801 shares of the company’s stock worth $242,000 after acquiring an additional 204 shares during the last quarter. Finally, Shay Capital LLC bought a new stake in U-Haul during the 3rd quarter worth $257,000. 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.