Squarepoint Ops LLC Acquires New Position in U-Haul Holding $UHAL

Squarepoint Ops LLC acquired a new stake in shares of U-Haul Holding (NASDAQ:UHAL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,801 shares of the transportation company’s stock, valued at approximately $654,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UHAL. Ameritas Advisory Services LLC purchased a new stake in shares of U-Haul during the second quarter valued at approximately $33,000. State of Wyoming purchased a new stake in U-Haul during the 1st quarter valued at $315,000. Belpointe Asset Management LLC increased its holdings in shares of U-Haul by 29.4% in the 1st quarter. Belpointe Asset Management LLC now owns 5,344 shares of the transportation company’s stock worth $349,000 after purchasing an additional 1,214 shares in the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of U-Haul in the second quarter worth $675,000. Finally, Versor Investments LP lifted its holdings in shares of U-Haul by 116.6% during the second quarter. Versor Investments LP now owns 13,865 shares of the transportation company’s stock valued at $840,000 after purchasing an additional 7,465 shares in the last quarter. Institutional investors own 3.63% of the company’s stock.

Analysts Set New Price Targets

Separately, Vertical Research set a $80.00 price objective on U-Haul and gave the stock a “buy” rating in a report on Monday, November 3rd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $80.00.

U-Haul Price Performance

NASDAQ UHAL opened at $51.18 on Wednesday. The stock has a market capitalization of $10.04 billion, a price-to-earnings ratio of 23.69 and a beta of 1.14. U-Haul Holding has a 1-year low of $48.47 and a 1-year high of $75.19. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.03 and a quick ratio of 1.83. The business’s fifty day moving average price is $52.86 and its 200-day moving average price is $56.95.

U-Haul Company Profile

U-Haul International, operating under its parent company AMERCO (NASDAQ: UHAL), is a leading provider of do-it-yourself moving and storage solutions in North America. Established in 1945 by Leonard Shoen, the company has grown from a regional rental business in Ridgefield, Washington, into a broad network of thousands of locations across the United States and Canada. U-Haul’s core offering centers on one-way and local truck and trailer rentals tailored to the needs of both individual and commercial customers.

In addition to its fleet of rental trucks and trailers, U-Haul offers a comprehensive range of moving and storage products.